Oshkosh Corp. lands new military contract
Oshkosh Corp. announced recently that its Defense division has received a delivery order for $477 million from the U.S. Army Tank-automotive and Armaments Command (TACOM).
The order calls for more than 1,350 new and recapitalized Heavy Expanded Mobility Tactical Truck (HEMTT) A4s and more than 1,000 Palletized Load System Trailers (PLST).
With this latest order, the value for the Oshkosh Family of Heavy Tactical Vehicles (FHTV) III contract has risen to more than $2.1 billion. The delivery order includes 750 new vehicles and 600 recapitalized vehicles, comprised of the Oshkosh HEMTT A4 variants of tankers, wreckers, cargo and Load Handling Systems (LHS).
"Recapitalization by Oshkosh provides our customers and the taxpayers with a valuable and cost effective means of returning vehicles to the fleet. Through this program, Oshkosh delivers a vehicle with the performance, reliability and all the modern enhancements of a new truck but at a lower price point," said Charlie Szews, president and chief operating officer of Oshkosh Corp. "This contract is evidence of our commitment to build and deliver mission-proven, rugged and reliable vehicles for the military."
Through the Oshkosh Defense remanufacturing and recapitalization services, heavily used vehicles are returned to Oshkosh, stripped to the frame rails and completely rebuilt to like-new condition.
Mach One Corp. acquires Minnesota firm
Belgium, Wis.-based Mach One Corp. announced that it has closed on the purchase of Ceres Organic Harvest Inc. an organic grain company that supplies ingredients to the food, feed and dairy industries.
Ceres Organic Harvest, which is based in St. Paul, Minn., had 2008 revenues of approximately $20 million.
Mach One acquired 100 percent of the stock of Ceres for $8 million in a combination of common and preferred stock.
Ceres Organic Harvest will continue its operations as a subsidiary of Mach One.
Monte Tobin, chief executive officer of Mach One, said, "This combination of resources and personnel between Mach One and Ceres Organic Harvest Inc. will position us to capitalize on the work Ceres has done over the years in delivering high quality food ingredients and animal feed products. We in turn are excited to bring to Ceres the part of our technology that pertains to supplements and additives with the goal of delivering tremendous advancement in human and animal nutrition."
Britt Eustis, CEO of Ceres, said, "Mach One offers a good platform for further growth in the sustainable food and grain sector along with an expansion of our offerings and supply lines into the organic feed industry."
