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Army Contracts Oshkosh to Reset M-ATV
OSHKOSH, Wis. (Feb. 5, 2015) — The U.S. Army has awarded Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, a base contract plus options to reset 800 Oshkosh-produced Mine Resistant Ambush Protected (MRAP) All-Terrain Vehicles (M-ATVs). This M-ATV Reset program will help the U.S. Army achieve its goal of standardizing the M-ATV fleet configuration and ensuring that its primary MRAP platform is 100% mission ready following years of operation in theater. The M-ATV Reset base contract for 500 vehicles was awarded to Oshkosh on August 6, 2014. On December 12, 2014, Oshkosh was awarded three additional contract options for 100 vehicles each. In total, Oshkosh is on contract to reset 800 M-ATVs for a total contract value of more than $77 million. Deliveries are currently underway and will continue through September 2015. http://oshkoshdefense.com/news/u-s-army-contracts-oshkosh-defense-reset-m-atvs-achieve-capability-readiness-requirements/