April 28- Specialty truckmaker Oshkosh Corp reported a 7.4 percent fall in quarterly revenue as lower spending by the U.S. government hurt sales of the company's medium and heavy tactical vehicles. The business also recorded an operating loss of $12 million, compared with an operating income of $34.5 million a year earlier. Net income available to Oshkosh's...
April 28- Specialty truckmaker Oshkosh Corp reported a 7.4 percent fall in quarterly revenue, hurt by lower sales in its defense business. Net income available to shareholders fell to $54.5 million, or 69 cents per share, in the second quarter ended March 31, from $71.2 million, or 83 cents per share, a year earlier. Total revenue fell to $1.55 billion from $1.68...
McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...
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Oct 26- Specialty truckmaker Oshkosh Corp reported a higher quarterly profit on Friday, though a decline in its defense business weighed on revenue, and rejected a takeover offer from activist shareholder Carl Icahn.