Oshkosh Corp.‘s (NYSE: OSK) defense segmentÂ has secured three contract modifications worth $259.6 million combined to continue refurbishment work onÂ heavy expanded mobility tactical trucks, palletized load systems and self-recovery winches forÂ the U.S. Army.
The Defense Department said Wednesday Oshkosh will modernize M1977A4,Â M984A4 and M978A4Â tactical trucksÂ as well asÂ M1075A1 PLS andÂ M984A4 self-recovery winches under a $116.1 million modification.
Oshkosh also receivedÂ $88.2 million and $55.3 million in modifications for the recapitalization ofÂ M984A4, M985A4,Â M978A4, M983A4 andÂ M1120A4Â trucks; M1075A1 andÂ M1074A1Â PLS; new PLS trailers; andÂ M984A4 self-recovery winches.
Work is scheduled toÂ occur throughÂ Aug. 31, 2018 underÂ the first two modificationsÂ and until Oct. 31, 2018Â under the third modification.
The Army Contracting Command will useÂ the service branch’s fiscal 2015, 2016 and 2017 “other” procurement funds to cover the full obligated amount.
The Army initially awarded Oshkosh aÂ $780.3 million contractÂ in June 2015Â to upgrade HEMTT and PLS units before the service branch issued a first round ofÂ modificationsÂ worth a combinedÂ $433 millionÂ in March 2016.