New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International’s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to …

Navistar International (NYSE: NAV) has appointed Persio Lisboa, president of operations, to serve as executive vice president and chief operating officer, and promoted Associate General Counsel Curt Kramer to general counsel. The company said Thursday Lisboa will assume his new role effective immediately while Kramer will take over from Steven Covey, the retiring senior vice …

A Navistar subsidiary has received a $440 million contract from the U.S. Army to reset and modernize MaxxPro mine-resistant ambush-protected vehicles for the United Arab Emirates through the Excess Defense Articles program. Navistar’s defense business will perform upgrade work on 1,085 MRAPs and deliver specified sets, kits, packages and technical publications to UAE under …

Executive Mosaic’s GovCon Index continued its pre Labor Day rise with another positive close to 82.015. Energy companies lead U.S. stocks higher Tuesday in hopes for an agreement among oil producing countries that could limit production and send crude prices and company profits higher. GovCon Index gainers outnumbered laggers by a …

The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and …

The GovCon Index nudged out a gain of 0.081 points to 78.273 Wednesday on contributions from Boeing (NYSE: BA) and armored truck manufacturer Navistar International (NYSE: NAV). Boeing surged 1.07 percent and Navistar rose 9.09 percent, while shipbuilder Huntington Ingalls Industries (NYSE: HII) rebounded by one-half percent a day after its stock was downgraded to “Sell” from “Hold” by …

The GovCon Index held lower throughout the trading session Tuesday and closed at a decline of 1.071 percent to 72.599 on earnings misses from two GCI stocks and investor reaction to oil price declines and new trade data out of China. ICF International (Nasdaq: ICFI) dropped 8.37 percent a day after the consulting …

The GovCon Index posted a modest gain of 0.247 points to 73.958 Friday on a new Labor Department jobs report that investors believe does not indicate further interest rate hikes at the moment. Friday’s positive close puts the Index at a gain of 2.082 percent for the week to record its third consecutive five-day period in …

Troy Clarke, CEO of Navistar International (NYSE: NAV),  has indicated that the company could look to partner with other companies to boost sales of its military and commercial truck offerings, Reuters reported Wednesday. Nick Carey writes some analysts have said Navistar is a potential target for partnership or acquisition due to the size of …

Navistar Defense LLC has been selected to supply medium tactical vehicles for Afghanistan under a $368, 932, 767 foreign military sales contract with the U.S. Army. The Lisle, Illinois-based company will produce the 2, 293 vehicles at facilities in Mississippi, Tennessee, Wisconsin, Ohio and Pennsylvania through Nov. 30, 2019, the …