Oshkosh Corp. Tallies Up $325 Million In Military Contracts
OSHKOSH, Wis. (AP) — The defense arm of Oshkosh Corp. has received two hefty military orders for spare parts and repair kits for its new class of mine-resistant trucks.
Oshkosh Defense said Monday the deals with the U.S. Army are worth more than $325 million.
The parts are for M-ATVs, which are all-terrain military vehicles that are specially designed for the rougher terrain of Afghani battlefields.
The deal is the latest in a string of high-priced military awards for the Oshkosh, Wis.-based company. Within the last year or so it has received contracts worth nearly $4 billion for thousands of mine-resistant trucks and spare parts.
Shares of Oshkosh rose 72 cents, or 2 percent, to close Monday at $35.53.