Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will produce more than 2,500 additional Family of Medium Tactical Vehicles (FMTV) trucks and trailers for the U.S. Army following an order from the U.S. Army TACOM Life Cycle Management Command (LCMC). The Army has now ordered more than 29,000 FMTV trucks and trailers from Oshkosh.
“Over the first three years of this five-year contract, we have delivered superior-quality trucks and trailers for soldiers for their combat operations, relief efforts and unit-resupply missions at home and abroad,” said Mike Ivy, vice president and general manager of Army Programs for Oshkosh Defense. “We will continue to offer fleet improvements by developing prototypes with upgraded technology, such as our TAK-4® independent suspension system that improves off-road mobility, ride quality and protection capabilities.”
Oshkosh Defense’s rigorous production and quality processes ensure on-time delivery of high-quality trucks and trailers. The FMTV is a series of 17 models ranging from 2.5-ton to 10-ton payloads. Vehicles have a parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency.
This is the latest order under the five-year FMTV contract awarded to Oshkosh Defense for the production of trucks and trailers, as well as support services and training, through calendar year 2015. The order is valued at more than $294 million and deliveries are scheduled to be completed in February 2014.
Source: Oshkosh Corporation (NYSE: OSK)
Date: Mar 29, 2012