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AM General Beats Out Oshkosh Defense For Potential $8.7 Billion JLTV Re-Compete Deal

Matthew Beinart By
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AM General Beats Out Oshkosh Defense For Potential $8.7 Billion JLTV Re-Compete Deal
A Joint Light Tactical Vehicle displays its overall capabilities during a live demonstration at the School of Infantry West, Marine Corps Base Camp Pendleton, California, Feb. 27, 2019. The JLTV consists of multiple platforms capable of completing a variety of missions while providing increased protection and mobility for personnel across the Marine Corps. (Official Marine Corps video by Sgt. Timothy R. Smithers/Released)

The Army has selected AM General to build the Joint Light Tactical Vehicle (JLTV) fleet, beating out current manufacturer Oshkosh Defense [OSK] for the potential 10-year, $8.7 billion re-compete production contract. AM General has received an initial $230.9 million contract for JLTV production, according to the Pentagon’s contracts announcement on Thursday evening. “One of the key strategies of the JLTV program from its earliest days was to leverage competition to control cost and maximize buying power for the government,” Brig.…

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