As described in the DoD contract announcement, Oshkosh will have its 2009 contract to produce "family of medium tactical vehicles" (basically, military tractor trailers) for the military modified so as to increase the value by $104.9 million. These additional funds will pay for an additional 545 medium tactical vehicles and 79 trailers to be produced for the U.S. Army.
To date, Oshkosh has delivered well in excess of $4.7 billion worth of FMTV vehicles to the U.S. Military, a value nearly twice the original estimate back when it originally won the contract in 2009.
Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.