The U.S. Department of Defense (DoD) announced today it has selected Oshkosh Corporation (NYSE:OSK) to supply MRAP All Terrain Vehicles (M-ATV) for its fighting forces. Oshkosh has received an initial delivery order from the U.S. Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC) for 2,244 M-ATVs valued at $1.05 billion, following months of government testing on multiple production-ready vehicles. The entire M-ATV program has the potential to reach up to 10,000 vehicles destined to Afghanistan.
Oshkosh Defense teamed with Plasan North America for the M-ATV armor system to provide an advanced armor solution. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh Armored Cab MTVRs already in theater. Oshkosh performed more than 7,500 miles of independent off-road testing to identify possible enhancements to the vehicle so it would meet or surpass the performance requirements in the rugged terrain in Afghanistan.
Andy Hove, Oshkosh Corporation executive vice president and president, Defense said, “Much has already been done to ensure we can meet the government’s delivery schedule. In recognition of the urgent need, we began daily production of Oshkosh M-ATVs on our flexible manufacturing line a few weeks ago. We and our suppliers have already made significant investments in materials and are well positioned to accelerate our manufacturing capabilities.” The Oshkosh Defense investments, planning and engineering activities, and production of M-ATVs in advance of this award will allow for accelerated delivery of the Oshkosh M-ATV, with initial vehicles available to TACOM LCMC in July.
“Due to the urgent need of our Armed Forces for a survivable and highly mobile vehicle, our Corporation’s number one priority is meeting the Department’s accelerated delivery schedule of the Oshkosh M-ATV.” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. He said Oshkosh Corporation will put whatever resources are necessary to meet or exceed the government’s delivery schedule. While we believe we can meet or exceed the government’s current delivery requirements, we intend to enter into discussions with other manufacturers to determine if they can assist in the production of the Oshkosh M-ATV.”
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