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Oshkosh Corp

Oshkosh Corp

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Oshkosh Corp.

won a $1.06 billion Army contract to build new all-terrain vehicles to outfit ground forces in Afghanistan, the Pentagon said Tuesday.The Oshkosh, Wis.-based vehicle manufacturer beat out three rivals for the deal to build 2,244 vehicles, including Warrenville-based Navistar International Corp.

In after-hours electronic trading, shares of Oshkosh jumped $2.91, or 20 percent, to $17.45.

Navistar shares fell more than 10 percent in after-hours activity.Navistar said the outcome of the competition will not affect its previously stated earnings guidance for 2009.

The military has said it needs a hybrid armored vehicle to provide the same type of protection as vehicles that have been used in Iraq.

But it must be more agile, lighter and provide increased maneuverability.



http://www.chicagotribune.com/business/chi-wed-navistar-0701-jul01,0,4021925.story
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