Oshkosh Truck Corp. Gets Marine Contract
OSHKOSH, Wis. September 8, 2004; The AP reported that Oshkosh Truck Corp. said Wednesday that it expects to update earnings guidance for 2004 and 2005 to include a recently received Marine Corps contract for truck armor kits.
The maker of specialty trucks and truck bodies said the contract is for up to 796 armor kits, with an option to add another 124 kits and engage Oshkosh to install the kits. The company said the immediate contract is worth up to $144.6 million and is half-funded at $72.3 million. With all options exercised, the contract could be worth up to $204 million.
Oshkosh said the kits also include suspension upgrades and air conditioners for the Oshkosh medium tactical vehicle replacements being used in Iraq. The company said it will deliver the majority of the kits by Sept. 30, 2005, the end of its fiscal year.
Oshkosh Truck Corp. makes vehicles under the Oshkosh, Pierce, McNeilus, Medtec, Geesink, Norba and Jerr-Dan names