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On Tuesday night, the Pentagon issued a $2.7 billion order for 3,100 more Mine-Resistant Ambush-Protected vehicles, or MRAPs -- designed to protect troops from roadside bombs in Iraq.
The manufacturers that will gain from the order: General Dynamics [GD
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], Force Protection [FRPT
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], U.K.-based BAE Systems, Germany-based Armor Holdings; and a partnership of Oshkosh Truck [OSK
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] and body-armor maker Ceradyne [CRDN
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].
The biggest provider: Navistar [NAVZ
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], which already has thousands of MRAPs on order and has delivered 700.
One possible obstacle for investors to watch: while the U.S. Army is reportedly satisfied with MRAP performance, the Marine Corp. has hinted it may scale back orders, saying that the massive vehicles are too cumbersome for quickly-changing combat tactics and maneuvers.
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