Spartan Chassis Receives $133.8 Million Order from BAE Systems for Production of MRAP Vehicles

CHARLOTTE, Mich., Feb. 15 /PRNewswire-FirstCall/ — Spartan Chassis,
Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), today announced
it has received a subcontract order worth approximately $133.8 million with
defense contractor BAE Systems to support the production of advanced
tactical vehicles under the Mine Resistant Ambush Protected, or MRAP,
program.

Under the terms of the subcontract, the Mich.-based custom chassis
manufacturer will supply and integrate key chassis components for BAE
Systems’ RG33 Category I and II vehicles. The vehicles are scheduled to be
completed during the first three quarters of 2008 and are slated for use by
the U.S. military.

“This contract and our ongoing relationship with BAE Systems is further
affirmation of Spartan Chassis’ ability to leverage our expertise in the
design, material logistics and assembly of these life-saving vehicles,”
said Richard Schalter, president of Spartan Chassis. “The MRAP program
remains a high priority for the military, and we are honored to be working
alongside BAE to respond to that need and be a major supplier to this
program.”

MRAPs are prized by the military for their V-shaped hulls, raised
chassis and improved armor, which help protect servicemen and women from
improvised explosive devices, or IEDs, mines and other hazards of war.

About Spartan Chassis, Inc.:

Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq:
SPAR), is a leading developer and manufacturer of custom chassis for
recreational vehicles, fire trucks and specialty vehicles. Spartan Motors,
which also manufactures emergency rescue vehicles under the brand names of
Crimson Fire, Crimson Fire Aerials and Road Rescue, reported sales of $445
million in 2006 and is focused on becoming the premier manufacturer of
specialty vehicles and chassis in North America.

This release contains forward-looking statements, including, without
limitation, statements concerning our business, future plans and objectives
and the performance of our products. These forward-looking statements
involve certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially from
those anticipated in such statements. Technical complications may arise
that could prevent the prompt implementation of the plans outlined above.
The company cautions that these forward-looking statements are further
qualified by other factors including, but not limited to, those set forth
in the company’s Annual Report on Form 10-K filing and other filings with
the United States Securities and Exchange Commission (available at
http://www.sec.gov). Government contracts and subcontracts typically
involve long payment and purchase cycles, competitive bidding,
qualification requirements, delays or changes in funding, extensive
specification development and changes, price negotiations and milestone
requirements. An announced award of a governmental contract is not
equivalent to a finalized executed contract and does not assure that orders
will be issued and filled. Government agencies also often retain some
portion of fees payable upon completion of a project and collection of
contract fees may be delayed for long periods, which can negatively impact
both prime contractors and subcontractors. The company undertakes no
obligation to publicly update or revise any statements in this release,
whether as a result of new information, future events or otherwise, except
as required by law.

Spartan Chassis, Inc.
- Via Motor News Network [ http://www.motornewsnet.com/ ] [Inbox MM]