Source / copyright : Oshkosh Corporation (NYSE: OSK)
Oshkosh Defense announced it has received a delivery order modification from the U.S. Army TACOM Life Cycle Management Command (LCMC) to supply more than 1,100 trucks and trailers to the National Guard and Reserve as part of the U.S. Army’s Family of Medium Tactical Vehicles (FMTV) fleet.
“This award demonstrates the government’s confidence in the Oshkosh FMTV program,” said Mike Ivy, Vice President and General Manager of Army Programs for Oshkosh Defense. “Every truck delivery is important. We are especially pleased to support the men and women of the National Guard and Reserve, and are anxious to do all we can to help modernize these important components of our national security.”
Deliveries for this latest award, valued at more than $180 million, will remain on the original contract timeline and be completed by April 2012. The award includes three FMTV truck variants and 2 different trailers, which will be produced at the company’s facilities in Wisconsin.
The five-year FMTV contract awarded to Oshkosh Defense is for the production of an estimated 23,000 trucks and trailers, as well as support services and training through fiscal 2013. The government has exercised contracts for more than 7,300 trucks and trailers to-date. 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 805, resulting in streamlined maintenance, training, sustainment and overall cost efficiency for the U.S. Army.