Army Exercises $1.69B in Contract Options for Oshkosh Ground Tactical Vehicles, Kits

Oshkosh’s (NYSE: OSK) defense business has received a $1.7B contract modification to provide 6,107 Joint Light Tactical Vehicles and 22,166 associated kits to the U.S. Army.

The Army exercised available options under a previously awarded contract and obligated the full amount of the modification at the time of award, the Defense Department said Tuesday.

DoD expects the company to finish work by Sept. 30, 2019.

Oshkosh was awarded a potential $6.7B JLTV contract in 2015 to replace the High Mobility Multipurpose Wheeled Vehicles of both the Army and the U.S. Marine Corps.

Check Also

SAIC

SAIC Awarded TSA Test & Evaluation Support BPA

Science Applications International Corp. (NYSE: SAIC) has been awarded a potential $40M blanket purchase agreement for operational test and evaluation services to the Transportation Security Administration, according to an award notice posted Thursday.

US Air Force

Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program

The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.