Oshkosh Corporation (NYSE:OSK) announced today that it has received an
additional $1.06 billion delivery order from the U.S. Army
Tank-automotive and Armaments Command Life Cycle Management Command
(TACOM LCMC). Oshkosh Defense will deliver 1,700 additional MRAP All
Terrain Vehicles (M-ATV)
to the U.S. Armed Forces by February 2010. The contract also includes
aftermarket parts packages to be supplied by April 2010, along with
field service support. The delivery order follows an initial $1.05
billion delivery order Oshkosh Defense received for 2,244 M-ATVs on June
30.
“At Oshkosh, our main focus is to ensure that M-ATVs are waiting in
theater for the Warfighters when they arrive, rather than having the
Warfighter wait for the vehicle,” said Robert G. Bohn, Oshkosh
Corporation chairman and chief executive officer. “We are confident in
our ability to ramp up production to 1,000 per month in December and
this additional order will allow us to sustain that rate of production
through February 2010.”
Oshkosh also announced it surpassed its first delivery requirements for
45 vehicles in July, by providing 46 units. “The target was 45 but we
were able to deliver an additional vehicle. It’s an absolute testament
to the quality and spirit of our customer, our employees and our
suppliers who have come together to combine resources and work toward
achieving a common mission – to serve our troops in Afghanistan,” stated
Bohn.
Advance production of the M-ATV began weeks before the first delivery
order was awarded. With a highly skilled workforce, decades of
continuous production of tactical wheeled vehicles, robust manufacturing
capabilities and available capacity, Oshkosh Defense expects to meet the
government’s accelerated M-ATV delivery schedule while fully maintaining
all other existing and proposed military vehicle programs.
The Oshkosh® M-ATV’s superior mobility, which includes a 70
percent off-road profile capability, is achieved through the
incorporation of the Oshkosh TAK-4®
independent suspension system. The system has undergone more than
400,000 miles of government testing and is standard equipment on the
more than 10,000 Medium Tactical Vehicle Replacements (MTVR)
used by the Marines and Navy Seabees, and also on the Army’s
next-generation Palletized Load System (PLS)
and the Marine Corps’ Logistics Vehicle System Replacement (LVSR).
Oshkosh Defense teamed with Plasan North America to provide an advanced
armor solution for the M-ATV.