Oshkosh Corp begins JLTV work, wins Army award to carry production through November 2017

Since Monday, Oshkosh Corp. has netted $677 million in new defense contracts.

The U.S. Army on Monday granted Oshkosh Corp. three contracts totaling $433 million to rebuild and renew a host of used military vehicles. On Wednesday, the Army awarded the company a $243 million contract to build 675 Joint Light Tactical Vehicles (JLTV) by December 2024.

The contracts represent the first wave of an award that could net Oshkosh Corp., the state’s largest federal contractor, $30 billion over the next 25 years.

Meanwhile, the contracts will create jobs at Oshkosh Corp. and boost job growth at companies that supply the defense contractor, said Aina Vilumsons, executive director of Wisconsin Procurement Institute (WPI).

Continue reading:  http://www.thenorthwestern.com/story/money/2016/03/23/oshkosh-corp-wins-677m-contracts/82168924/