Oshkosh Wins US Army Truck Contracts Totaling $690.5 Million

Date : 07/02/2010 @ 6:14PM
Source : Dow Jones News
Stock : Oshkosh Corp. (Holding Company)Common Stock (OSK)
Quote : 70.96  0.81 (1.15%) @ 4:00PM

Oshkosh Wins US Army Truck Contracts Totaling $690.5 Million

Oshkosh Truck (NYSE:OSK)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Oshkosh Truck Charts.

Oshkosh Corp. (OSK) won contracts worth $690.5 million to supply the U.S. Army with tactical trucks and trailers, according to the Defense Department on Friday.

The larger award, made Tuesday, is worth $584.9 million, selling the Army 1,274 new heavy expanded mobility tactical trucks--large vehicles designed for heavy transport--and 452 refurbished ones. It also includes the sale of 98 palletized loading system trailers. Delivery is set to be complete in September 2012.

The second contract, worth $105.6 million, is for Oshkosh to build about 1,308 tactical vehicles, trucks and trailers. Those are supposed to finished in March 2012.

Deliveries of military-transportation vehicles for the Afghanistan war helped Oshkosh swing to a second-quarter profit in results released in April. The specialty-vehicle maker cut costs by implementing wide layoffs, output reductions and plant closures during the downturn in global construction markets. But its burgeoning defense segment has been a bright spot.

Oshkosh shares were up 2.1% at $30.63 after hours. The stock has risen 51% in the last year, better than the broader market.

-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

 
 



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.