Army Picks Oshkosh for $7B Joint Light Tactical Vehicle Contract

HumveeOshkosh (NYSE: OSK) has won a much-anticipated potential $6, 749, 799, 374.25 contract to build armored vehicles for the U.S. Army‘s Joint Light Tactical Vehicle program, the service branch’s initiative to replace the Humvee for itself and the Marine Corps.

The Army said Tuesday it expects low-rate initial production of the JLTV to start in fiscal year 2016 and make a decision on full-rate production in fiscal year 2018.

Other competitors for the JLTV program included Lockheed Martin with BAE Systems as a subcontractor and the original Humvee maker AM General.

Oshkosh will produce 17, 000 vehicles for both the Army and Marines in the first three years of low-rate initial production and full-rate production will include 49, 099 vehicles for the Army and 5, 500 for the Marine Corps.

The Marines expect to have initial operating capability in fiscal 2018 and complete fielding in fiscal 2022, the Army said.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.