CORRECTING and REPLACING Oshkosh Defense Selected to Produce U.S. Army’s FMTV, Receives First Delivery Order for $280.9 Million (Business Wire)
OSHKOSH, Wis.—-Third graph, first sentence of release should read: The FMTV rebuy program is a five-year requirements contract award for the production of up to 23,000 vehicles and trailers as well as support services and engineering (sted The FMTV rebuy program is a five-year, indefinite delivery/indefinite quantity contract award for the production of up to 23,000 vehicles and trailers as well as support services and engineering).
Osh Kosh wins $280.9 million Army truck contract (at MarketWatch)
Shares of Oshkosh Corp. soar 24% after it scored a $280.9 million contract with the U.S. Army to supply 2,568 medium-tactical vehicles and trailers, plus support and services.
London Markets: BAE Systems tumbles on Pentagon contract loss (at MarketWatch)
BAE Systems was the worst of a moderately lower London market on Thursday, after the defense contractor failed to win a key U.S. order.
BAE in second contract loss in two months (at FT.com)
BAE Systems, Europe’s biggest defence contractor, has missed out on a multi-billion dollar vehicle contract from the US Department of Defence, the second time it has lost a major US vehicle competition in as many months.
Shares of Oshkosh jump on defense unit contract (AP)
Shares of vehicle maker Oshkosh Corp. leaped Thursday after its defense unit said it was awarded a five-year contract by the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command to engineer and build tactical vehicles.
Navistar Financial agrees to renew credit facility (AP)
Navistar Financial Corp., the financing arm of truck and engine maker Navistar International Corp. said Wednesday it has signed an agreement to renew a $650 million dealer floor plan funding facility for one year.
William H. Osborne Named to Navistar Board of Directors (Business Wire)
WARRENVILLE, Ill.—-Navistar International Corporation announced today that William H. Osborne, president and chief executive officer of Federal Signal Corporation and a veteran automotive industry executive, has been named to its board of directors.
