US Army awards Oshkosh Corp. $676M in defense contracts

AP News
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Posted: Mar 24, 2016 10:06 AM

OSHKOSH, Wis. (AP) — A defense contractor in Oshkosh, Wis., has picked up about $676 million in federal contracts to build and update military vehicles.

The U.S. Army granted Oshkosh Corp., Wisconsin's largest federal contractor, three renewal contracts totaling $433 million on Monday. The Army also awarded the company an additional $243 million contract on Wednesday.

USA Today Network-Wisconsin (http://oshko.sh/1pzZ3iT ) reports that the contracts represent the first wave of an award that could net Oshkosh Corp. $30 billion over the next 25 years.

The company plans to complete the three renewal contracts by November 2017 and the fourth contract by December 2024.

The deals are expected to create jobs at Oshkosh Corp. and boost job growth at the companies that supply it.

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Information from: Oshkosh Northwestern Media, http://www.thenorthwestern.com