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Oshkosh Wins US Army Truck Contracts Totaling $690.5 Million

DOW JONES NEWSWIRES Oshkosh Corp. (OSK) won contracts worth $690.5 million to supply the U.S. Army with tactical trucks and trailers, according to the Defense Department on Friday. The larger award, made Tuesday, is worth $584.9 million, selling the Army 1,274 new heavy expanded mobility tactical trucks--large vehicles designed for heavy transport--and 452 refurbished ones. It also includes the sale of 98 palletized loading system trailers. Delivery is set to be complete in September 2012. The second contract, worth $105.6 million, is for Oshkosh to build about 1,308 tactical vehicles, trucks and trailers. Those are supposed to finished in March 2012. Deliveries of military-transportation vehicles for the Afghanistan war helped Oshkosh swing to a second-quarter profit in results released in April. The specialty-vehicle maker cut costs by implementing wide layoffs, output reductions and plant closures during the downturn in global construction markets. But its burgeoning defense segment has been a bright spot. Oshkosh shares were up 2.1% at $30.63 after hours. The stock has risen 51% in the last year, better than the broader market. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Oshkosh Truck (OSK)
DateTimeHeadline
11/15/201306:57:25Millennium Management 3Q 13F: Largest Eliminations
11/15/201306:57:17Millennium Management 3Q 13F: Largest Eliminations -2-
11/15/201306:57:17Millennium Management 3Q 13F: Largest Sales
11/15/201306:57:17Millennium Management 3Q 13F: Largest Purchases
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09/10/201321:52:06Correction to Oshkosh, Union Start Contract Talks to Aid Military...
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10/11/201212:40:16Icahn Offers to Buy Rest of Oshkosh For $3 Billion
08/23/201214:31:48Oshkosh, Lockheed Win Contracts for Military Utility Truck
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06/13/201110:48:06Navistar Gets Largest Armored Truck Order Of 2011 From Marines
04/14/201114:29:05Companies Continue To Chase Contract For New Military Truck
03/02/201116:59:36Recovery In Commercial Truck Demand Continued In February
07/02/201018:14:41Oshkosh Wins US Army Truck Contracts Totaling $690.5 Million
02/15/201006:32:19BAE Systems To Take GBP592 Million Write-Down For Contract Failure
02/12/201020:40:26US Army Upholds $3 Billion Cargo-Truck Contract For Oshkosh
02/04/201015:14:37Navistar, Oshkosh Receive Truck Orders From Pentagon

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