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Military, Oshkosh Corp. ink $410M deal for trucks

The defense arm of Oshkosh Corp. has received a Pentagon order for more than 2,600 military trucks, in a deal worth more than $410 million.

Oshkosh Defense said Monday the vehicles are scheduled to be delivered between March and December 2011.

The trucks are part of an armored family of vehicles for transporting U.S. Army troops and supplies. Some models can haul as much as 10 tons.

The deal is the latest in a string of high-priced military awards for the Oshkosh, Wis.-based company. In the last year or so it has received contracts worth about $4 billion for thousands of mine-resistant trucks and spare parts.

Shares of Oshkosh rose $2.29, or 6.3 percent, to $38.60 in morning trading Monday.

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On the Net:

Oshkosh Corp.: http://www.oshkoshcorporation.com