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Lockheed Self-Funds Eight JLTVs Ahead of Army Contract Award

Dan Parsons By
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Lockheed Self-Funds Eight JLTVs Ahead of Army Contract Award
JLTV Photo: Lockheed Martin

Lockheed Martin [LMT] has decided to build eight production examples of its Joint Light Tactical Vehicle (JLTV) offering to ensure its new Camden, Ark., production line is humming ahead of a decision by the Army on which of three competing designs to purchase.The Army is expected to downselect from three competitors – AM General, Oshkosh Defense [OSK] and Lockheed Martin – to one, sometime between now and December. Each of the three companies has delivered 22 JLTVs under engineering and…

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