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Oshkosh Corp. Lands $800m Pentagon Truck Contract

Wed, 09/30/2009 - 4:13am

OSHKOSH, Wis. (AP) — The defense division of Oshkosh Corp. has signed a roughly $800 million deal with the Pentagon to deliver nearly 2,500 new and rebuilt military vehicles.

Oshkosh Defense said Tuesday it will provide more than 1,450 new trucks and trailers. It will also deliver more than 1,000 tactical trucks that have been restored to like-new condition after being damaged in warfare.

The Oshkosh, Wis.-based company says it expects the work to be completed by May 2011.

Shares rose $1.69, or 5.7 percent, to close Tuesday at $31.31 following heavy trading.

Oshkosh Corp. has about 12,000 employees worldwide.

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