U.S. Army Places $484 Million Order for 1,574 Joint Light Tactical Vehicles
June 29 2018 - 6:16PM
Business Wire
Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK)
company, announced today that the U.S. Army has placed a $484
million order for 1,574 Joint Light Tactical Vehicles (JLTV) and
associated installed and packaged kits.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180629005807/en/
“This latest order follows the completion
of the Multiservice Operational Test and Evaluation (MOT&E)
conducted by the U.S. Army and Marine Corps and further
demonstrates that the JLTV program continues to be a top
modernization priority for our armed services.” (Photo: Business
Wire)
“This latest order follows the completion of the Multiservice
Operational Test and Evaluation (MOT&E) conducted by the U.S.
Army and Marine Corps and further demonstrates that the JLTV
program continues to be a top modernization priority for our armed
services,” said George Mansfield, Vice President and General
Manager of Joint Programs at Oshkosh Defense. “The JLTV is ready to
support our troops, and we look forward to getting more soldiers
and Marines into this extremely mobile, protected, and proven
next-generation light tactical vehicle.”
In addition to the recently completed operational testing, the
JLTV also completed Reliability Qualification Testing earlier this
year, accumulating over 100,000 miles and exceeding reliability
requirements.
To date, Oshkosh has produced more than 2,000 JLTVs and has
delivered more than 1,600 JLTVs to the U.S. Army and Marine Corps.
A Full Rate Production (FRP) decision is expected in FY19.
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled
vehicles and life cycle sustainment services. For decades Oshkosh
has been mobilizing military and security forces around the globe
by offering a full portfolio of heavy, medium, light and highly
protected military vehicles to support our customers’ missions. In
addition, Oshkosh offers advanced technologies and vehicle
components such as TAK-4® independent suspension systems, TerraMax®
unmanned ground vehicle solutions, Command Zone™ integrated control
and diagnostics system, and ProPulse® diesel electric and on-board
vehicle power solutions, to provide our customers with a technical
edge as they fulfill their missions. Every Oshkosh vehicle is
backed by a team of defense industry experts and complete range of
sustainment and training services to optimize fleet readiness and
performance. Oshkosh Defense, LLC is an Oshkosh Corporation company
[NYSE: OSK].
To learn more about Oshkosh Defense, please visit us
at www.oshkoshdefense.com.
About Oshkosh Corporation
Founded in 1917, Oshkosh Corporation is more than 100 years
strong and continues to make a difference in people’s lives.
Oshkosh brings together a unique set of integrated capabilities and
diverse end markets that, when combined with the Company’s MOVE
strategy and positive long-term outlook, illustrate why Oshkosh is
a different integrated global industrial. The Company is a leader
in designing, manufacturing and servicing a broad range of access
equipment, commercial, fire & emergency, military and specialty
vehicles and vehicle bodies under the brands of Oshkosh®, JLG®,
Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and
IMT®.
Today, Oshkosh Corporation is a Fortune 500 Company with
manufacturing operations on four continents. Its products are
recognized around the world for quality, durability and innovation
and can be found in more than 150 countries. As a different
integrated global industrial, Oshkosh is committed to making a
difference for team members, customers, shareholders, communities
and the environment. For more information, please visit
www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this press release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the
negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control, which
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180629005807/en/
Oshkosh Defense, LLCAlexandra Hittle, Sr. Manager, Global
Branding and
Communications920-410-1929ahittle@defense.oshkoshcorp.com
Oshkosh (NYSE:OSK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Oshkosh (NYSE:OSK)
Historical Stock Chart
From Apr 2023 to Apr 2024