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Oshkosh Wins $6.75 Billion Military Contract to Replace Humvee

Oshkosh Corp. on Tuesday won a $6.75 billion agreement to build roughly 17,000 new light trucks to reinstate aging Humvees for a U.S. Army and Marine Corps, cementing a destiny of a invulnerability business.

The Wisconsin-based association was selected over competitors Lockheed Martin Corp. and AM General LLC to build as many as 55,000 Joint Light Tactical Vehicles, or JLTVs, over a subsequent 25 years to reinstate partial of a Humvee swift and some…

Article source: http://www.wsj.com/articles/oshkosh-wins-6-7-billion-military-contract-to-replace-humvee-1440537576

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