Oshkosh Defense Receives $235M in Army Contract Modifications for Tactical Vehicle Upgrades

Oshkosh‘s (NYSE: OSK) defense business has received two U.S. Army contract modifications with a combined $235.2 million value for the delivery of tactical vehicle upgrades.

The company will provide recapitalized Heavy Expanded Mobility Tactical Trucks, palletized load system trucks, PLS trailers and updates for container transfer on M1076A0 PLSTs, the Defense Department said Tuesday.

DoD added the first modification is valued at $182.4 million and requires entailed work to conclude by Dec. 31, 2019, while the second, valued at $52.8 million, requires work through Oct. 31, 2019.

The Army provided the modifications’ obligated full amounts upon the awarding.

Oshkosh Defense will perform services from Oshkosh, Wisconsin.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.