Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Hot Stocks Free for All !
»
FRPT 50M$ contract with US Army
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by Jo4321: [QB] .......THE NEGATIVE SPIN: [QUOTE]TheStreet.com Navistar Shines in Mine-Resistant Vehicle Contracts Thursday October 18, 7:26 pm ET ByMelissa Davis, Senior Writer In the race for military vehicle contracts, Navistar has once again left Force Protection eating some dust. Both companies, along with British-based BAE, on Thursday scored new contracts from the U.S. Department of Defense for mine-resistant ambush-protected vehicles. But Navistar led the pack -- further threatening Force Protection's reign over the industry -- by landing the biggest order of all. Navistar fielded an order for 1,000 MRAP vehicles for the Navy worth some $509 million. Force Protection secured a smaller order for 800 MRAPs for the Navy valued at $377 million. BAE won a new contract, too, landing a deal for 600 MRAPs worth almost $323 million, also for the Navy. Not so long ago, Force Protection virtually monopolized the entire MRAP industry. But the company has steadily lost market share to other competitors. Navistar, once considered a long-shot MRAP contender at best, has managed to catch the company from behind. All told, Navistar has now scored contracts for nearly 3,000 MRAP vehicles. So After just two months of production, Navistar has already delivered 188 of those vehicles to the military. The company plans to be churning out some 500 MRAPs a month by February. For its part, Navistar likes to stress that it has been mass-producing commercial trucks for decades. Thus, the company clearly felt prepared when it entered the MRAP race. "As the largest commercial truck and midrange diesel engine manufacturer in North America, we offer a number of advantages," said Archie Massicotte, president of Navistar's International Military and Government division. "We produced more than 161,000 commercial vehicles last year. We know how to produce quality vehicles." Now, he added, "we are committed to delivering these (MRAPs) as soon as possible to help protect our military." http://biz.yahoo.com/ts/071018/10385380.html?.v=2&printer=1 [/QUOTE] [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2