Home / Contract Awards / GAO Ends Army JLTV Contract Review, Lockheed to Challenge Award in Federal Claims Court

GAO Ends Army JLTV Contract Review, Lockheed to Challenge Award in Federal Claims Court

JLTVThe Government Accountability Office has dismissed Lockheed Martin‘s (NYSE: LMT) protest of the Army’s potential $6.75 billion Humvee replacement contract award to Oshkosk (NYSE: OSK) on procedural grounds as Lockheed plans to challenge the branch’s decision in the Federal Claims Court.

GAO said it does not decide on a protest if the contract award is the subject of litigation although Lockheed has not officially filed its protest with the court yet.

Oshkosh will proceed on the eight-year Joint Light Tactical Vehicle program after the Army lifted a stop-work order on the company, which is contracted to start vehicle deliveries within the next 10 months and deliver at least 10, 000 units under the low-rate initial production phase over three years.

The Oshkosh, Wisconsin-based company could build up to 55, 000 vehicles over the program’s full duration.

AM General, the third JLTV competitor, said in September it would not go forward with a protest of the award.

Lockheed and partner Boeing (NYSE: BA) also are awaiting the review of joint protest filed in November against the Air Force‘s award in November of the Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC) and GAO’s deadline for that decision is in January.

Shares in Lockheed closed down $1.74 — or 0.8 percent — to $214.84 with a gradual dip in the afternoon session, while Oshkosh’s stock gained 34 cents — or 0.87 percent — $39.61 with a sharp turn upward from 3 p.m. Eastern time when the company showed a nominal gain.

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