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Oshkosh Wins Initial $6 Billion Contract To Build JLTV

Dan Parsons By
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Oshkosh Wins Initial $6 Billion Contract To Build JLTV
JLTV Photo:Oshkosh Defense

Oshkosh [OSK] has been awarded a $6.7 billion contract to build the Joint Light Tactical Vehicle (JLTV), which replaces large portions of the Army and Marine Corps Humvee fleets.Oshkosh’s light combat tactical all-terrain vehicle (L-ATV) beats out incumbent Humvee manufacturer AM General and a Lockheed Martin [LMT]-BAE Systems team for the enormous contract to build the first 17,000 of more than 55,000 JLTVs for the Army and Marine Corps.It is one of the few vehicle programs to weather a financially…

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