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Oshkosh Defense awarded $6.75B Joint Light Tactical Vehicle contract

By Andrew V. Pestano
Oshkosh Defense awarded $6.75B Joint Light Tactical Vehicle contract
Oshkosh Defense has been awarded a $6.75 billion contract by the Pentagon to manufacture the next Joint Light Tactical Vehicle (JLTV) to be distributed to the U.S. Army and the Marines. Pictured: the Light Combat Tactical All-Terrain Vehicle (L-ATV). Photo courtesy of Oshkosh Defense.

WASHINGTON, Aug. 30 (UPI) -- Oshkosh Defense has been awarded a $6.75 billion contract by the Pentagon to manufacture the new Joint Light Tactical Vehicle (JLTV) to replace the Humvee.

Oshkosh Defense, based in Wisconsin, beat competitors Lockheed Martin and AM General for the contract. AM General has been manufacturing the Humvee, or High Mobility Multipurpose Wheeled Vehicle (HMMWV), since the 1980s.

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The new JLTVs will be distributed between the U.S. Army and the Marines.

The contract calls for about 17,000 vehicles to be delivered between 2018 and 2022, but as many as 55,000 Oshkosh Defense JVLTs will be built by 2040. There are about 280,000 aging Humvees that need replacement, meaning the Oshkosh contract could be worth up to $30 billion for the company.

"Following a rigorous, disciplined JLTV competition, the U.S. Army and Marine Corps are giving our nation's warfighters the world's most capable light vehicle -- the Oshkosh JLTV," Charles L. Szews, Oshkosh Corporation chief executive officer, said in a statement. "Oshkosh is honored to be selected for the JLTV production contract, which builds upon our 90-year history of producing tactical wheeled vehicles for U.S. military operations at home and abroad. We are fully prepared to build a fleet of exceptional JLTVs to serve our troops in future missions."

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