The U.S. Army has awarded Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, a $409 million contract to produce 1,661 Family of Medium Tactical Vehicle (FMTV) trucks and 31 trailers, under Order Year 7 of the current FMTV contract. Deliveries will continue through July 2018.
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The Family of Medium Tactical Vehicles (FMTV) is a series of trucks, based on a common chassis, that vary by payload and mission requirements.
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