Oshkosh Says U.S. Army Places $1.69 Bln Order For JLTV - Quick Facts

(RTTNews) - Oshkosh Defense, LLC, a unit of Oshkosh Corp. (OSK) said Wednesday that the U.S. Army has placed a $1.69 billion order for 6,107 Joint Light Tactical Vehicles or JLTV as well as associated installed and packaged kits.

The company noted that today's delivery order marks the tenth order under the contract that was awarded to Oshkosh in August 2015.

To date, Oshkosh has delivered more than 2,600 vehicles. Oshkosh said it expects a Full Rate Production or FRP decision in December 2018, followed by first Army unit equipped in early 2019.

"The JLTV also features a VICTORY compliant modular, scalable, open architecture system to support rapidly evolving C4ISR suites. This provides our Soldiers and Marines a vehicle that is capable of serving as a mobile command center," said George Mansfield, Vice President and General Manager of Joint Programs at Oshkosh Defense.

According to Oshkosh, the JLTV fills a critical capability gap for the U.S. Army and Marine Corps by replacing a large portion of the legacy uparmored HMMWV fleet with a modern light protected vehicle.