We are thrilled to announce that Geoff “Jeff” Metcalf will conduct a LIVE RADIO INTERVIEW with Col. Roger Charles, editor Stand For The Troops, Wed. Jan 4th at 8PM PST (11 PM EST) Topic: Procurement Scandal over Shoddy Dept. of Defense Approved body armor. SFTT readers are encouraged to call in and listen to the interview by calling in on the following numbers:
703-836-0384 (land line, VOIP) and (cell)
703-980-7551 plus 2d land line (VOIP) 703-836-6736.
In yet another indication that our military procurement process is out of control is the news that Point Blank – who makes much of the body armor vests worn by our military – has finally settled a long-standing suit with the Department of Justice.
According to a news release cited by Thomson Reuters, “The government asked for “tens of millions” of dollars in penalties and damages, saying that from 1999 to August of 2005 the company knew or disregarded ...
Continue Reading →Reuters reports that unsecured creditors of Point Blank Solutions Inc. have asked the Delaware bankruptcy court to appoint an examiner or Chapter 11 trustee to displace the company’s board.
According to the Reuters news release, “the official committee of unsecured creditors claimed that the company had placed the interests of insiders above maximizing value of the business. The filing claims that “restructuring alternatives had benefited Steel Partners, which provided Point Blank with a $20 million debtor-in-possession loan.” According to ...
Continue Reading →Point Blank Solutions Inc., who claims to be the leading manufacturer of body armor, filed for bankruptcy protection on April 14, 2010. Citing Court filings, Reuters reports that the Florida-based (Pompano Beach) company “supplies more than 80 percent of the U.S. military’s soft body armor vest requirements . . .”
Claiming mounting legal bills in the trial of former CEO David Brooks – currently on trial in New York for securities fraud and other related crimes – Point Blank Inc. and three affiliates ...
Continue Reading →By Nathaniel R. Helms
At the time of this report, despite repeated inquiries, the Department of Defense and the US Army had not commented on this report.
So-called “SAPI” plates do not provide complete protection from sniper bullets because of gaps in coverage around the torso.
Two weeks ago the Armed Forces Network (AFN) radio in Iraq reported enemy snipers are now shooting their intended Coalition victims between the so-called hard armor SAPI (Small Arms Protection Inserts) plates attached to the Interceptor OTV ...
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