Oshkosh Corp., the truck-maker based in the Wisconsin city of the same name, last week won a $6.7 billion military contract to begin building a replacement for the iconic Humvee called the Joint Light Tactical Vehicle.
Oshkosh beat out Lockheed Martin Corp., the world’s largest defense contractor, and AM General LLC, the maker of the Humvee, for the award.
“Oshkosh is honored to be selected for the JLTV production contract, which builds upon our 90-year history of producing tactical wheeled vehicles for U.S. military operations at home and abroad,” Chief Executive Officer Charles Szews, said in a statement. “We are fully prepared to build a fleet of exceptional JLTVs to serve our troops in future missions.
The agreement calls for Oshkosh — which also built a fleet of blast-resistant trucks for the wars in Iraq and Afghanistan — to produce about 17,000 of the light-duty JLTVs for the Army and Marine Corps beginning in the first quarter of fiscal 2016, which starts Oct. 1.
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