Oshkosh Defense Receives $108.9 Million Order to Supply Additional FMTV A2s
Oshkosh Defense, a division of Oshkosh (NYSE: OSK), has announced a $108.9 million order from the U.S. Army for additional Family of Medium Tactical Vehicles A2 (FMTV A2) and trailers. This order supports both U.S. Army modernization initiatives and Foreign Military Sales to international partners. The FMTV A2 boasts improved armor protection, enhanced drivetrain, and upgraded suspension systems, offering increased payload capacity and mobility. This partnership underscores Oshkosh Defense's commitment to providing advanced tactical vehicles to U.S. and allied forces globally.
- Awarded $108.9 million U.S. Army order for FMTV A2.
- Supports U.S. Army modernization and Foreign Military Sales.
- Enhanced vehicle features: improved armor, drivetrain, and suspension systems.
- Strengthens Oshkosh Defense's reputation in military vehicle production and innovation.
- No specific timelines mentioned for delivery completion.
- Potential dependency on military contracts for revenue growth.
Insights
Oshkosh Defense's new order from the U.S. Army, valued at
From a financial perspective,
In the short term, this contract will likely result in a positive bump in quarterly revenues and potentially enhance the company's stock price, given the large contract size. In the long term, this could establish a stable revenue stream from both the U.S. Army and international partners, affirming Oshkosh's position as a leader in military vehicle manufacturing.
From a technological standpoint, the FMTV A2 boasts several key improvements that enhance its tactical viability. Improved armor protection, an upgraded drivetrain and enhanced suspension systems not only increase the vehicle's payload capacity but also improve its overall mobility and reliability. These improvements are important for modern military operations, which require versatility and adaptability in various terrains and combat situations.
Furthermore, the FMTV A2’s ability to support a wide range of missions makes it a valuable asset for the U.S. Army and allied forces. Its deployment in both domestic and foreign military scenarios speaks to its robustness and reliability, which are essential qualities for any military vehicle intended for diverse operational contexts.
The inclusion of these advanced features not only fulfills current operational needs but also positions Oshkosh Defense as a forward-thinking company that anticipates future military requirements. This could lead to more contracts as other military forces seek to modernize their fleets with versatile and reliable vehicles.
Oshkosh Defense FMTV A2 Dump Truck 6x6 (Photo: Business Wire)
The order is valued at
The FMTV A2, renowned for its versatility, reliability, and performance, supports a wide range of missions and payloads. Its unmatched capabilities include improved armor protection, upgraded drivetrain and suspension systems, providing increased payload capacity and mobility.
“Our continued partnership with the
About Oshkosh Defense
Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems.
Oshkosh Defense, LLC is an Oshkosh Corporation business [NYSE: OSK]. Learn more about Oshkosh Defense at www.oshkoshdefense.com.
About Oshkosh Corporation
At
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240528185295/en/
Alexandra Hittle, Director, Global Marketing and Communications
920-410-1929
ahittle@defense.oshkoshcorp.com
Source: Oshkosh Corporation
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