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OSHKOSH, Wis. - Oshkosh Defense LLC, a business of Oshkosh Corporation (NYSE:OSK), has secured orders valued at $167 million from the U.S. Army for 225 trucks and 54 trailers under the Family of Heavy Tactical Vehicles contract, according to a company press release. The contract adds to Oshkosh’s robust $10.5 billion in revenue over the last twelve months, with the company maintaining strong financial health according to InvestingPro analysis.
The order includes HEMTT A4 variants and the autonomous-ready Palletized Load System (PLS) A2. These vehicles will support multiple Army customers, including the National Guard, Reserve, and the Program Executive Office Missiles & Space for the Indirect Fire Protection Capability system.
Some of the vehicles will be integrated into the development and fielding of advanced air defense systems designed to counter threats such as ballistic, hypersonic, and cruise missiles.
"Through our valued partnership with the U.S. Army, we are proud to support the critical role of the National Guard and Reserve forces and enable the integration of next-generation defense capabilities," said Pat Williams, Chief Programs Officer at Oshkosh Defense.
The orders position Oshkosh’s modernized platforms for integration with next-generation defense technologies while supporting the Army’s long-term modernization strategy. The company’s stock has shown strong momentum, gaining over 7.5% in the past week and trading near its 52-week high, reflecting investor confidence in its military contracts and overall business performance.
Oshkosh Defense specializes in the design, production, and sustainment of military vehicles and mobility systems. The parent company, Oshkosh Corporation, employs over 18,000 team members worldwide and provides products in more than 150 countries. With a healthy current ratio of 1.77 and moderate debt levels, the company appears well-positioned for continued growth. For detailed analysis and additional insights, including 12 more exclusive ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, Oshkosh Corporation has reported several significant developments that may interest investors. The company secured a $792 million contract extension from the U.S. Army for its Family of Medium Tactical Vehicles A2, allowing continued production through February 2029. In addition, Oshkosh Defense has been awarded a three-year contract extension for the same vehicle line, supporting the U.S. Army’s Transformation Initiative and maintaining the domestic supply chain. The Netherlands Ministry of Defense has also signed an agreement with Oshkosh Defense to acquire 150 Dutch Expeditionary Patrol Vehicles, enhancing the mobility and effectiveness of the Royal Netherlands Marine Corps.
Goldman Sachs recently upgraded Oshkosh’s stock rating from Neutral to Buy, citing improved margins in its Transportation segment and raising its price target to $131. The investment bank also increased its earnings per share estimates for 2026-2027 by 6% following the renewal of a key defense contract. Meanwhile, Bernstein SocGen Group raised Oshkosh’s stock price target to $109, maintaining a Market Perform rating. The analysts noted Oshkosh’s transformation into an industrial technology company and highlighted its strategic plans to drive earnings growth and expand its product portfolio. These developments reflect Oshkosh’s ongoing efforts to enhance its market position and operational capabilities.
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