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2021-02-24 Economy

Oshkosh Selected for Massive $6 Billion Post Office Vehicle Contract

[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.

Posted by Besoeker 2021-02-24 06:00|| || Front Page|| [11129 views ] Top

#1 Hunter on board of directors?

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#2 Urban MRAPs?

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#3 De-con TUSKs with high speed ballot printers to shave 3 hours off of delivery time.

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