U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced on Tuesday.
Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company that built the original Humvees, the Army said in a statement.
The two military services plan to replace a total of 55,000 vehicles over time, which could drive the value of the contract win to over $30 billion.
Oshkosh wins $6.75 billion deal to replace U.S. Army, Marine Humvees
There's going to be money flowing through Oshkosh, WI.
Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company that built the original Humvees, the Army said in a statement.
The two military services plan to replace a total of 55,000 vehicles over time, which could drive the value of the contract win to over $30 billion.
Oshkosh wins $6.75 billion deal to replace U.S. Army, Marine Humvees
There's going to be money flowing through Oshkosh, WI.
