Army Awards $900M Modification for Tactical Vehicles

David Perkins, a retired U.S. Army general, has joined the board of directors at military vehicle and equipment manufacturer Oshkosh (NYSE: OSK). The addition of Perkins will bring the number of Oshkosh’s board members to 10, the company said Wednesday. He held various leadership positions during his 38-year military career including as commander of Army

John Pfeifer, president and chief operating officer of Oshkosh (NYSE: OSK), will take the helm of the Wisconsin-based specialty vehicles and access equipment maker when CEO Wilson Jones retires from his role on April 2. Pfeifer first joined the corporation in May 2019 as COO and added the president title one year later, a role that also includes responsibility for the defense business segment along with global supply chain, marketing and digital technology functions.

An Oshkosh (NYSE: OSK) subsidiary has received a $195 million order from the U.S. Army to supply 748 Joint Light Tactical Vehicles and 2,359 installed and packaged kits. Oshkosh Defense said Tuesday the award is the fifth order for JLTVs since the Army awarded the potential $6.7 billion JLTV production contract in 2015. The JLTV program is