Oshkosh Corp
OSK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$526.00 | Wxqwyk | Vhscwwd |
Oshkosh Loses the JLTV Recompete, Leaving the USPS Contract as the Key Driver to Defense Sales
On Feb. 9, the U.S. Department of Defense, or DOD, announced that it was awarding the joint light tactical vehicle, or JLTV, contract to AM General. The contract winner is best known for manufacturing the Humvee, which was the predecessor to the JLTV. Recall, Oshkosh won the JLTV program in 2015, as it presented a vehicle platform that was superior to the Humvee (improved safety significantly). Today, the tables have turned, with Oshkosh losing the recompete.