Oshkosh Corporation (NYSE: OSK)
Oshkosh Defense, a division of Oshkosh Corporation, will supply more than 2,000 Family of Medium Tactical Vehicles (FMTV) trucks and trailers to the U.S. Army under a new order from the Army TACOM Life Cycle Management Command (LCMC).The vehicles will be used to enhance Army unit mobility, transport soldiers and haul equipment weighing up to 5 tons in support of a wide range of tactical operations.
“Military testing of the Oshkosh-produced FMTVs is going well and provides confidence in our product quality,” said Mike Ivy, Vice President and General Manager of Army Programs for Oshkosh Defense. “Our successful work for the FMTV program is a testament to our unyielding commitment to supplying reliable, world-class systems without sacrificing the timely delivery our customer has come to expect from us.”
The FMTV is a series of 17 models ranging from 2.5-ton to 10-ton payloads. Vehicles feature a parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency for the U.S. Army. FMTV trucks and trailers are vital to U.S. military operations both domestically and internationally, supporting combat operations, relief efforts, unit resupply and other functions.
The award, valued at more than $259 million, extends truck and trailer production deliveries until June 2012. The order includes more than 1,300 trucks, including eight different variants, and nearly 700 trailers. The five-year FMTV contract awarded to Oshkosh Defense is for the production of up to 23,000 trucks and trailers, as well as support services and training through fiscal 2014.