Oshkosh dealt a blow in defense budget as fewer JLTV vehicles ordered than expected
WASHINGTON – A new military truck manufactured by Oshkosh Defense Inc. in Oshkosh, Wis., is among the notable losers in the fiscal 2020 defense budget request as the Army rethinks its priorities and questions how many of the Humvee replacements it will need over the next half century. The Motley Fool reports. Continue reading original article
The Military & Aerospace Electronics take:
19 March 2019 -- The Pentagon is requesting $1.6 billion to buy 4,090 Oshkosh-made Joint Light Tactical Vehicles (JLTVs) for the Army and Marine Corps as part of a broader request for $14.6 billion in ground systems.
The JLTV request is down from the $1.93 billion allocated for 5,900 vehicles in fiscal 2019 and below the $1.9 billion the military was expected to spend on the vehicles in fiscal 2020.
The Army originally had planned to spend at least $28 billion over the next 20 years to acquire more than 49,000 JLTVs, replacing about half of the service's Humvee fleet. Although the defense budget spending was to be spread out over decades, it is still significant for Oshkosh, which currently generates about $8 billion annually in revenue.
Related: Army orders 416 new Joint Light Tactical Vehicle (JLTV) systems in $106.3 million deal
Related: Army for JLTV armored combat vehicles continues to roll-in with order for 611 more
John Keller, chief editor
Military & Aerospace Electronics
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