Lockheed Martin (NYSE: LMT) has withdrawn a lawsuit it filed in federal court to challenge the U.S. Army‘s selection of Oshkosh Corp. (NYSE: OSK) for the $6.75 billion Joint Light Tactical Vehicle contract, Reuters reported Wednesday. Andrea Shalal writes that John Kent, a Lockheed spokesman, told R...
Oshkosh Corp. (NYSE: OSK) said Friday it will continue work on the potential $6.75 billion contract awarded in August 2015 to build the Humvee ground vehicle replacement for the U.S. Army and Marine Corps after a federal claims court denied Lockheed Martin‘s (NYSE: LMT) request for a preliminary injunction. Lockheed shifted its challenge of Os...
John Urias will retire on Feb. 6 as executive vice president of Oshkosh Corp. (NYSE: OSK) and president of the firm™s defense segment. President and CEO Wilson Jones will head the defense segment until the company finds a replacement for Urias, who cited family health matters as reason for his retirement, Oshkosh said Wednesday. œ...
