Pentagon awards Oshkosh Corp. contract worth $294M

Mar 29, 2012, 3:24 PM

OSHKOSH, Wis. (AP) – Oshkosh Corp. has received a $294 million order to provide more than 2,500 U.S. Army trucks and trailers.

A Milwaukee Journal Sentinel report (
http://bit.ly/GVyJUv) says it’s the latest order under a five-year contract through 2015.

The Oshkosh-based company says it’s also in the running for a separate military contract that could be worth as much as $20 billion. Oshkosh has submitted a prototype in the military’s Joint Light Tactical Vehicle competition, a contest whose winner could land a hefty contract.

Oshkosh has submitted a prototype vehicle whose armor configurations can be changed quickly to deal with shifting conditions.

Shares of Oshkosh were down 34 cents, or 1.5 percent, to $22.82, in morning trading Thursday. Shares have traded in a 52-week range of $14.07 to $36.73.

___

Online:

Oshkosh Corp.:
http://www.oshkoshcorporation.com

___

Information from: Milwaukee Journal Sentinel,
http://www.jsonline.com

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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Pentagon awards Oshkosh Corp. contract worth $294M