JLTV Lifts Oshkosh Defence Sales

Oshkosh Corp's defence segment experienced a sales surge in the fourth quarter of fiscal year 2019 fueled by the new Joint Light Tactical Vehicle (JLTV), according to the US-based company. Thanks to the "continued ramp-up of JLTV sales to the US government", net sales at the defence segment jumped 22.7% to USD570.2 million in the quarter compared...

Oshkosh Corp's defence segment experienced a sales surge in the fourth quarter of fiscal year 2019 fueled by the new Joint Light Tactical Vehicle (JLTV), according to the US-based company.

Thanks to the "continued ramp-up of JLTV sales to the US government", net sales at the defence segment jumped 22.7% to USD570.2 million in the quarter compared with the same period a year ago, the company said on 30 October.

The JLTV programme achieved a key milestone in June, receiving US Army approval to move into full-rate production. Wilson Jones, Oshkosh's president and CEO, noted that US Navy Secretary Richard Spencer recently gave Oshkosh an award for delivering JLTVs to the US Navy and US Marine Corps ahead of schedule and on budget.

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Source: www.janes.com