Oshkosh Lands New $640M Deal For Military Trucks

With latest deal, Oshkosh has now received $4.7 billion worth of contracts for over 8,000 of its heavy-duty trucks designed to withstand blasts from roadside bombs.

OSHKOSH, Wis. (AP) -- The military contracts keep coming for Wisconsin-based truck-maker Oshkosh Corp.

The latest is a deal for 1,460 heavy-duty military trucks that are specially designed to withstand the blasts of roadside bombs. The company says the contract announced Tuesday is worth $640 million.

The all-terrain trucks are proving popular with the Pentagon because they can handle the terrain in Afghanistan, which is especially mountainous and rugged.

With the new contract, the Oshkosh, Wis.-based company has now received awards worth $4.7 billion for more than 8,000 of the trucks plus upgrades.

Shares of Oshkosh fell 36 cents, or 0.9 percent, to $38.31 in morning trading Tuesday.

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