Oshkosh stock soars to 52-week highA recent billion-dollar military contract has helped lift …
The Oshkosh M-ATV offers superior mobility and survivability for the U.S. Armed Forces (Photo: Business Wire)
Oshkosh awarded $1.05 billion contractOshkosh Corporation has been awarded a $1.05 billion contract.
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Oshkosh awarded $1.05 billion contract
Updated: Monday, 13 Jul 2009, 9:16 AM CDT
Published : Tuesday, 30 Jun 2009, 5:01 PM CDT
OSHKOSH (AP) - The Pentagon has ordered more than 2,200 military all-terrain vehicles (M-ATV) from Oshkosh Corporation in Oshkosh, in a deal valued at more than $1 billion.
The company says it will expedite production of the vehicles, and it plans to see whether other manufacturers can help make the ATVs.
The order is for 2,244 vehicles and is valued at just over $1 billion.
Oshkosh chief executive Robert Bohn says the ATVs are designed to provide soldiers the kind of mobility necessary on Afghanistan's off-road terrain.
Shares of Oshkosh dipped 25 cents to close today at $14.54.
Click here to see video of the M-ATV in action.
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