Oshkosh Gets $477M Army Contract

Defense division of Oshkosh Corp. will provide more than 1,350 new and rebuilt U.S. Army trucks and more than 1,000 tactical trucks.

OSHKOSH, Wis. (AP) β€” The defense division of Oshkosh Corp. continues to land multimillion-dollar military contracts.

The Oshkosh-based company said Wednesday it received a $477 million order to provide more than 1,350 new and rebuilt U.S. Army trucks. The contract also calls for more than 1,000 tactical trucks.

In the last year, Oshkosh Corp. has announced more than $2.7 billion in military contracts, plus another that could be worth as much as $1.2 billion.

But the stock price has languished, falling 58 cents, or 7.5 percent, to $7.19 in morning trading Wednesday. Shares have traded in a 52-week range of about $4 to about $44.

In its most recent quarter, the company lost $20.6 million, compared to a profit of $37.3 million in the year-ago quarter.

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