Oshkosh Corp. receives $477 million order from U.S. Army
Oshkosh Corp. has received an order from the U.S. Army for new and refurbished tankers, wreckers, cargo trucks and trailers.
February 25, 2009
Oshkosh Corp. (OSK) announced Wednesday that it received a $477 million order for more than 1,350 new and rebuilt U.S. Army trucks and about 1,000 palletized load system trailers.
The order includes 750 new vehicles and 600 rebuilt ones, including HEMTT A4 tankers, wreckers and cargo trucks.
Heavily used vehicles are returned to Oshkosh, often from Iraq, and are stripped to the frame rails before being rebuilt.
It's about 30% cheaper to rebuild a truck rather than replace it at a cost of $400,000, according to the Army.
It takes about 90 days for Oshkosh to rebuild a military truck from top to bottom. In addition to trucks returning from the war in Iraq, the company has rebuilt thousands of vehicles that haven't seen war but still need a makeover.
In some ways, the refurbished vehicles are better the second time around because they get new technology, including computer-controlled engines.
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