Recs

1

Navistar to Upgrade Afghanistan's Armored Trucks

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Wednesday, Navistar (NYSE: NAV  ) announced that its defense unit has been tapped to fulfill an "urgent delivery order" from the U.S. Army's TACOM LCMC department, retrofitting 205 Navistar Medium Tactical Vehicles, or MTVs, with armored cabs for use by the Afghan National Security Forces.

The vehicles, currently equipped with standard commercial-quality cabs, require upgrading with armored cabs to protect "from ballistic and blast threats in the theater of operations" -- said theater being pretty much the entire country of Afghanistan. Additional upgrades are also being requested as part of the $23 million task order, with the aim of making the MTVs usable for route clearance and mine roller operations. Work on the contract is expected to begin in April and to conclude by July.

The standard version of the MTV is not ordinarily an armored vehicle, being more commonly configured to serve such functions as general troop transport, fuel and water tanker truck delivery, and cargo shipment. Navistar has already built and delivered nearly 9,000 ordinary MTVs to the Afghan National Army and Afghan National Police.

Navistar shares closed down 4.9% in Wednesday trading, closing at $25.91.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2267238, ~/Articles/ArticleHandler.aspx, 7/8/2015 12:26:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated 3 hours ago Sponsored by:
DOW 17,776.91 93.33 0.53%
S&P 500 2,081.34 12.58 0.61%
NASD 4,997.46 5.52 0.11%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/7/2015 4:06 PM
NAV $20.57 Down -0.32 -1.53%
Navistar Internati… CAPS Rating: **

Advertisement