Oshkosh Wins $6.7 Billion militia Contract to build 55,000 mild vehicles

August 26, 2015

Oshkosh Corp. has changed Humvee within the mild vehicles division for the U.S. military and Marine Corps. The Pentagon introduced on Tuesday that it used to be awarded a $ 6.7 billion contract to the company, permitting it to provide 55,000 mild trucks for the U.S. militia.

Oshkosh beat out Lockheed Martin Corp. and AM common LLC to build heaps of Joint gentle Tactical automobiles.

The three corporations emerged from a p.c. that integrated Navistar international Corp., general Dynamics Corp. and Ford Motor Co. for what has been billed through analysts as the army’s most essential acquisition program in years.

Oshkosh watched its safeguard sales slide 60% within the latest quarter from a 12 months ago as the Pentagon slowed buys of heavier military autos. Rumors quickly began to swirl that Oshkosh may split off its quite a lot of businesses to make up for the losses, a rumor the company denied.

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