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Oshkosh begins deliveries under $3B contract early

Oshkosh Corp.'s defense division said Thursday that it has begun delivering to the U.S. Army the first of its Family of Medium Tactical Vehicles ahead of schedule.

The vehicles being delivered are part of the estimated $3 billion contract that Oshkosh-based Oshkosh Defense retained after a challenge by competing suppliers resulted in a re-evaluation of the award process. The five-year FMTV contract is for the production of an estimated 23,000 vehicles and trailers, as well as for support services and training.

Oshkosh (NYSE: OSK) said the first deliveries, originally slated to begin in October, left the company's Oshkosh campus Wednesday.

Production deliveries under existing orders run through December 2011. To date, Oshkosh has received orders to deliver 5,209 FMTV trucks and trailers.

Source

Dieser Beitrag wurde am Sunday, 30. May 2010 um 08:06 Uhr veröffentlicht und wurde unter der Kategorie economics abgelegt. Du kannst die Kommentare zu diesen Eintrag durch den RSS-Feed verfolgen.

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