SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 20, 2000
STEWART & STEVENSON SERVICES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 0-8493 74-1051605
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation)
2707 NORTH LOOP WEST
HOUSTON, TEXAS 77008
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (713) 868-7700
Item 5. Other Events.
On January 19, 2000, Stewart & Stevenson Services, Inc. (the "Company") issued
the press release attached hereto as Exhibit 99.1 announcing the FMTV Service
Contract the Company was awarded.
Item 7. Exhibits.
Exhibit 99.1 Company Press Release dated January 19, 2000, titled
"Stewart & Stevenson Awarded FMTV Service Contract."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
STEWART & STEVENSON SERVICES, INC.
Date: January 20, 2000 By:/s/ LAWRENCE E. WILSON
Name: Lawrence E. Wilson
Title: Vice President, Secretary and
General Counsel
EXHIBIT INDEX
99.1 Company Press Release dated January 19, 2000, titled "Stewart &
Stevenson Awarded FMTV Service Contract."
Exhibit 99.1
Exhibit 99.1
News From: Stewart & Stevenson
Corporate Headquarters
P.O. Box 1637
Houston, TX 77251-1637
FOR IMMEDIATE RELEASE:
STEWART & STEVENSON AWARDED FMTV SERVICE CONTRACT
HOUSTON, TX January 19, 2000, STEWART & STEVENSON SERVICES, INC.
(NASDAQ:SSSS), a leading manufacturer and distributor of industrial and energy
related equipment, announced that the Company's Tactical Vehicle Systems
Division in Sealy, Texas has been awarded a $5.0 million Systems Technical
Support (STS) services contract by the U.S. Army to support the Family of Medium
Tactical Vehicles (FMTV) production program. The contract includes options for
an additional $47 million in services over the next four years.
The STS contract is administered by the Army's Tank, Automotive and
Armaments Command (TACOM) in Detroit, Michigan. Stewart & Stevenson's experience
in engineering, designing and manufacturing 11,400 FMTVs for the Army between
1992 and 1998 led to the Company being selected as the sole source supplier for
the STS contract.
Primary services included in the contract are engineering, integrated
logistics, configuration management and field service support regarding the
FMTV. Field service support includes training and instruction in maintenance and
repair of FMTV models at selected Army bases.
Engineering under the STS contract will focus on analysis and design
capabilities to expand the FMTV line, improvement of FMTV performance and
manufacturing cost effectiveness, quality assurance, improvement of the existing
models, reduction of system cost, identification of critical safety items for
all new designs, and maintenance of government-owned documentation.
This press release contains forward-looking statements that are based on
management's current expectations, estimates, and projections. These statements
are not guarantees of future performance and involve a number of risks,
uncertainties and assumptions and are made pursuant to the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995. Many
factors, including those discussed more fully elsewhere in this release and in
the Company's filings with the Securities and Exchange Commission, particularly
its latest annual report on Form 10-K, as well as others, could cause results to
differ materially from those stated. These factors include, but are not limited
to, risks associated with newly acquired businesses; increasing price and
product/service competition by foreign and domestic competitors; rapid
technological developments and changes; the ability to continue to introduce
competitive new products and services on a timely, cost effective basis; the mix
of products/services; the achievement of lower costs and expenses; reliance on
large customers; technological, implementation and cost/financial risks in use
of large, multi-year contracts; the cyclical nature of the markets served; the
outcome of pending and future litigation and governmental proceedings; the
continued availability of financing, financial instruments and financial
resources in the amount, at the times and on the terms required to support the
Company's business; the assessment of unanticipated taxes by foreign or domestic
governmental authorities; the risk of cancellation or adjustment of specific
orders and termination of significant government programs; and failure of the
Company or unrelated third parties on whom the Company relies for essential
products or services to become Year 2000 capable. In addition, such
forward-looking statements could be affected by general industry and market
conditions and growth rates, general domestic and international conditions
including interest rates, inflation and currency exchange rates and other future
factors. Actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements.
Contact: Mr. David R. Stewart
Treasurer
Phone: (713) 868-7657
Fax: (713) 863-1519
Email: [email protected]
HTTP://www.ssss.com
