OSHKOSH's news * USA - 17,000 JLTVs for the Army and the Marine Corps
* Wiscosin - This truck maker could be setting up for a 15% gain
--- The past five days have been rough for investors in Oshkosh... Oshkosh has become a leading seller of specialty access equipment as well as commercial, fire and emergency, and military vehicles. It owns a bevy of brands (some acquired) including Oshkosh, JLG, Pierce, McNeilus, Jerr-Dan, Oshkosh Specialty Vehicles, and Frontline... With little direct competition, Oshkosh tripled annual sales between 2006 and 2010. And a government order for its M-ATV contributed nearly half of OSK's sales for 2010... In August 2015, Oshkosh staged a major coup when it edged out Humvee originator AM General and Lockheed Martin in a team with BAE Systems to bag a $6.75 billion order to start production of a replacement for the aging Humvee tactical vehicles. The contract covers 17,000 Joint Light Tactical Vehicles (JLTVs) for the Army and the Marine Corps...
Oshkosh, WIS, USA - TheStreet, by Shubhankar Adhikari - Sep 27, 2016
Labels: truckmakers news USA