BAE Systems announced the purchase of Armor Holdings, a Florida-based manufacturer of military, law enforcement and personnel safety equipment on May 7, 2007. Following regulatory and shareholder approval, the acquisition was completed on July 31, 2007 for approximately $4.532 billion. BAE has received large contracts as a result of the UDI and Armor Holdings acquisitions; for example $1.1bn worth of refurbishment and upgrading work, an order in January 2008 for medium mine-protected vehicles (MMPVs) which could earn up to $2.3bn, and a $2.24bn contract for mine-resistant ambush-protected (MRAP) vehicles in December 2007.