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Industry News
Plasan, TPI Composites form joint venture for armor development

The new company, called Armored Chariots LLC, will design and produce next-generation composite crew compartments for military vehicles.

Posted on: 10/25/2010
Source: CompositesWorld

Armor solutions provider Plasan (Bennington, Vt., USA) and wind blade manufacturer TPI Composites Inc. (Warren, R.I., USA) on Oct. 22 announced the formation of Armored Chariots LLC, a new joint venture between the two companies. Armored Chariots, based in Warren, R.I., will design and then produce next-generation crew compartments for military vehicles.

Composites provided by Armored Chariots are expected to produce a lighter, stronger, more durable vehicle, enabling the military to:

  • Create better survivability systems 
  • Add payload such as vital communications systems or ammunition 
  • Reduce corrosion and certain maintenance expenses
  • Improve fuel efficiency in theater
  • Save millions in life cycle costs
  • Improve airlift capability

Design and development by the new business venture – from the ground up – will begin this year with volume manufacturing to commence in the 2012 to 2013 timeframe. The joint venture company is expected to create 150-250 manufacturing and engineering jobs.

“We look forward to combining the capabilities and experience of TPI and Plasan in the formation of Armored Chariots in this start-up effort,” said TPI CEO Steve Lockard. “Together, we have the elements necessary to support the U.S. military’s future vehicle requirements. ”

Dan Ziv, CEO of Plasan, said, "TPI's expertise, knowledge and respect with which it is held, makes it the ideal partner for Plasan, as we seek to provide even better armor protection to our defense customers in the U.S. Army."

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