Oshkosh Receives $408 Million Army Contract

WASHINGTON (AP) -- Oshkosh Corp. recently received a $408.4 million contract from the Army for an additional 923 mine-resistant, ambush-protected vehicles for Afghanistan, the Pentagon said late Friday.

The so-called MRAP-All Terrain Vehicles, being used by the Army and Marine Corps, are far more agile, lighter and provide increased maneuverability to handle Afghanistan's rocky terrain.

The latest award brings the total number of vehicles Oshkosh will supply to 5,219. It has received a total of four awards worth $2.76 billion.

Work will be performed in Oshkosh, Wis., and is expected to be completed by May 31, 2012.

Shares of the Wisconsin-based company added 56 cents to $34.15 in morning trading Monday.

More in Supply Chain