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Defense Department Taps Three Industry Teams For Next Stage of JLTV

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By Ann Roosevelt General Tactical Vehicles (GTV), comprised of General Dynamics [GD] and AM General; a Lockheed Martin [LMT]-BAE Systems team; and a BAE Systems-Navistar International Corp. [NAVZ], will take the next step in the potential $40 billion development of the Army-Marine Corps Joint Light Tactical Vehicle (JLTV). The three teams were chosen of seven competitors that included Northrop Grumman [NOC]-Oshkosh Corp.[OSK] and Plasan; Force Protection [FRPT] and Finmeccanica SpA's DRS Technologies [DRS]; Textron [TXT] teamed with Boeing [BA] and…

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