2021-02-24 Economy
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Oshkosh Selected for Massive $6 Billion Post Office Vehicle Contract
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[The Motley Fool] The U.S. Postal Service on Tuesday awarded Oshkosh (NYSE:OSK) an initial $482 million to modernize its fleet of postal-delivery vehicles, a big win for Oshkosh that has sent shares of electric truck maker Workhorse Group (NASDAQ:WKHS) plunging.
The Post Office in a statement announced a 10-year contract with Oshkosh Defense for the Next Generation Delivery Vehicle (NGDV). The initial contract will allow Oshkosh to finalize production design for the vehicle, with a plan to assemble 50,000 to 165,000 of them over the next 10 years.
The vehicles will be equipped with either fuel-efficient internal combustion engines or battery electric powertrains that can be retrofitted as technologies develop.
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Posted by Besoeker 2021-02-24 06:00||
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Posted by g(r)omgoru 2021-02-24 09:01||
2021-02-24 09:01||
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Posted by Skidmark 2021-02-24 10:37||
2021-02-24 10:37||
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Posted by swksvolFF 2021-02-24 11:28||
2021-02-24 11:28||
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