U.S. Army Awards Additional M-ATV Reset Contract to Oshkosh Defense
OSHKOSH, Wis. (June 3, 2015) — The U.S. Army has awarded a contract to Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, to reset 360 additional Oshkosh-produced Mine Resistant Ambush Protected (MRAP) All-Terrain Vehicles (M-ATVs). As the original equipment manufacturer (OEM), Oshkosh is best suited to standardize the M-ATV fleet configuration to achieve mission readiness. The M-ATV Reset program will allow the U.S. Army to extend the life of its vehicles and upgrade them with the latest protective technologies.
The U.S. Army awarded Oshkosh an M-ATV Reset base contract for 500 vehicles on Aug. 6, 2014, and options for 300 additional vehicles on Dec. 12, 2014. The contract modification announced on May 28 includes the reset of another 360 M-ATVs with options to reset up to 1,440 more. The delivery start date for this latest modification is October 2015. In total, Oshkosh is on contract to reset 1,160 M-ATVs for a combined value of more than $115 million. Oshkosh was awarded the original M-ATV production contract in June 2009 and remains on contract to provide life cycle service and support through July 2018.