Oshkosh Corp. Gets $640 Million Army Contract
NEW YORK (AP) — Oshkosh Corp. said Tuesday the U.S. Army has paid it $640 million for all-terrain vehicles designed for the harsh mountains of Afghanistan.
The Oshkosh, Wis., vehicle maker said the payment will help the company deliver 1,460 MRAP All Terrain Vehicles. The vehicles use an independent suspension system to navigate unimproved roads.
In all, the company said it has received orders for more than 8,000 of the vehicles. The orders are worth more than $4.74 billion including spare parts kits and aftermarket in-theater support.
Oshkosh shares gave up $1.01, or 2.61 percent, to $37.66 in afternoon trading.