Thursday, July 19, 2012

Oshkosh wins big in UAE.



Big win for Oshkosh.
Oshkosh, Wis.  (July 19, 2012) — Oshkosh Corporation (NYSE: OSK) announced today that the Company’s Defense segment has been awarded a contract to provide the United Arab Emirates (UAE) Armed Forces with  750 Mine Resistant Ambush Protected All-Terrain Vehicles (M-ATVs).  The Oshkosh M-ATVs will enhance the UAE’s ground operations by providing greater off-road mobility and crew protection to support national security, as well as critical missions related to the security of the Middle East and the broader community of nations.
The contract awarded to Oshkosh Corporation allows for additional vehicles to be ordered at the discretion of the customer.  Oshkosh is scheduled to deliver M-ATVs to the UAE between January and August 2013, pending standard regulatory requirements.
Still betting they're a takeover target but this should increase the asking price.

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