$438 Million

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Oshkosh Corporation, (NYSE:OSK), announced today it has received an additional $438 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) for 1,000 MRAP All Terrain Vehicles (M-ATV).

This is the fifth award Oshkosh has received to supply M-ATVs and brings the total number of vehicles Oshkosh will deliver to 6,219. The aggregate amount of the five awards is valued at more than $3.2 billion.

“The most significant way we can show support for our Armed Forces is high rate, quality production of these important vehicles that provide the mobility and survivability necessary for the harsh Afghanistan terrain,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “Additionally, through our extensive network of aftermarket services, we are supporting the vehicles in-theater with parts supply and field service representative support.”

Since receiving the initial award on June 30, 2009, Oshkosh has delivered ahead of its contracted, accelerated delivery schedule every month and will ramp production up to 1,000 vehicles per month in December. Existing Oshkosh Defense manufacturing facilities have available production capacity for all current and pending military vehicle programs, including M-ATV and the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.

“Oshkosh Corporation is also extremely honored to welcome U.S. Secretary of Defense Robert Gates, who will be visiting Oshkosh on Thursday (Nov. 12) to thank our employees who are working on the M-ATV project for all their hard work and dedication,” Bohn added.

Source: Oshkosh Receives Order for Additional 1,000 MATVs

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