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NAVISTAR DEFENSE AWARDED $10.2 MILLION ORDER TO PROVIDE REFRIGERATED VEHICLES TO AFGHAN NATIONAL SECURITY FORCES — Press Release

LISLE, Ill. – September 30, 2013 – Navistar Defense, LLC, already a key supplier to the Afghan National Army (ANA) and Afghan National Police (ANP), has received an order from the U.S. Army (Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC)) for 75 refrigerator vehicles designated for service with the Afghan National Security Forces.

The award, for $10.2 million, accounts for 75 vehicles as well as parts and support. The vehicles are based on the International® WorkStar® 7300 series 4X4, and are consistent with the Navistar Medium Tactical Vehicle (MTV) fleet. They will be used to transport refrigerated goods such as meat and fresh vegetables.

“We are pleased to continue to provide and support International products for the Afghan National Army and Afghan National Police,” said Bob Walsh, vice president and general manager, Navistar Defense. “Our refrigerated vehicles are an excellent continuation of our vehicle base in country, and will go a long way to provide for our warfighters in the heat and climate conditions of Afghanistan.”

Navistar Defense has supplied refrigerator vehicles since 2004. The vehicles will be delivered in the first part of 2014.

About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, IC Bus™ brand school and commercial buses and Navistar RV brands of recreational vehicles. The company also produces proprietary diesel engines and provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE HIGHLIGHTS THREE TACTICAL VEHICLES AT AUSA ANNUAL MEETING — Press Release

WASHINGTON, D.C. (October 22, 2012) Navistar Defense, LLC showcases three tactical vehicles this week at the Association of the United States Army (AUSA) Annual Meeting. The Special Operations Tactical Vehicle for the Ground Mobility Vehicle (GMV) 1.1 competition, the Indigen Armor Non-Standard Tactical Truck (NSTT) and the International® MaxxPro® Recovery Vehicle – Performance Kit (MRV-PK) demonstrate the latest in vehicle technology.

The Special Operations Tactical Vehicle and the NSTT are both designed to incorporate scalable armor packages to meet multiple threat levels encountered by special operators. The two vehicles share more than 60 percent vehicle commonality and are engineered to carry large payloads at off-road racing speeds in the roughest of mission terrain. Each vehicle can be integrated with a full government furnished Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) suite.

“The Special Operations Tactical Vehicle and the NSTT share similar vehicle capabilities to meet the rigors and unique requirements of special operators,” said Archie Massicotte, president, Navistar Defense. “We worked closely with Indigen Armor on the design of our Special Operations Tactical Vehicle and it is a solid vehicle entry for the Special Operations Command GMV 1.1 competition.”

The vehicle capabilities of the MRV-PK provide noticeably improved vehicle performance including an increase in horsepower and enhanced towing capability to support missions in Afghanistan. The kit can be retrofitted onto existing MaxxPro Recovery Vehicles and improves engine power by 20 percent to increase grade ability and acceleration. Mobility is improved through the addition of Navistar’s DXM™ front independent suspension along with an upgraded rear-wheel suspension. An auxiliary fuel tank increases range while a Central Tire Inflation System (CTIS) and six channel anti-lock braking system improves traction and performance in soft soil terrain.

“We saw a need in theater for additional capabilities and we have designed a retrofit solution ready today for our recovery vehicles currently in service,” said Massicotte “Our current MaxxPro vehicles have been tasked with recovery missions requiring unprecedented mobility and towing capabilities and our performance kit is a cost-conscious solution that anticipates future mission needs. This offering also comes on the heels of our recent MaxxPro survivability upgrade, which we can also make available for the MaxxPro Recovery Vehicle.”

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses and Navistar RV brands of recreational vehicles. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

About Indigen Armor

Indigen Armor was conceived by special operations personnel while serving in a volatile combat zone in 2004. Acquired by J.F. Lehman & Company private equity firm in 2009, the company continues to be run by military veterans with extensive Special Operations backgrounds that focus on the design and development of Specops mobility platforms. The company has a growing staff of professionals housed in a 267,000 square foot, state-of-the-art prototyping and manufacturing facility. For more information, visit www.indigenarmor.com.

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NAVISTAR DEFENSE TO UPGRADE 2,300 MRAPS TO DEFEND AGAINST EVOLVING THREATS — Press Release

LISLE, Ill., (September 19, 2012) Navistar Defense, LLC received a delivery order today for up to $282 million to provide more than 2,300 survivability upgrade retrofit kits for International® MaxxPro® Dash Mine Resistant Ambush Protected (MRAP) vehicles. The order from the U.S. Army TACOM Life Cycle Management Command will upgrade MaxxPro Dash vehicles in theater with additional protection in response to evolving threats in Afghanistan. The order also includes parts and service.

“Anticipating the needs of our Armed Forces continues to be a top priority for Navistar and we are proud to offer the vehicle of choice to help them complete their missions safely,” said Archie Massicotte, president, Navistar Defense. “Threats continue to change and it is our responsibility to stay out ahead of those threats with the best technology available.”

The MaxxPro family of vehicles was originally designed to accommodate rapid vehicle enhancements as threats evolved in theater. Since 2007, the company has provided enhancements to both survivability and mobility through its work on its rolling chassis body swap, DXM™ independent suspension retrofit kits, armor kits and more.

“We also understand the balance of keeping our service men and women well equipped at a reasonable cost to taxpayers,” said Massicotte. “We will keep offering integrated solutions as well as alternatives to buying new vehicles so that we can keep our Armed Forces modern and ready for future operations.”

Navistar has delivered nearly 9,000 MaxxPro units in nine major variants to the United States and its allies. This order follows the company’s MaxxPro rolling chassis body swap, which upgrades more than 2,700 MaxxPro vehicles with a DXM™ independent suspension, MaxxForce® 9.3 engine, 570 amp alternator and driveline.

Work for the survivability upgrade will be done in Afghanistan beginning in December 2012. The order is scheduled to be completed by July 2013.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses and Navistar RV brand of recreational vehicles. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/navistar/news.

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Navistar Reportedly Files Protest of JLTV EMD Contract Awards

Two weeks ago the Army awarded 3 contracts for further efforts on the HUMVEE replacement, the Joint Light Tactical Vehicle (JLTV). The proposals from Lockheed Martin (LMT), Oshkosh (OSK) and AM General were selected. The Navistar and General Dynamic (GD) ones were not. The value of these contracts were between $55-65 million and are for the first year of a two to three year process to build and test prototypes. At the end of this one will be chosen to go into production.

The JLTV program has the potential to be quite large as the estimated quantities are in the tens of thousands. The current cost estimate for production is about $13 billion. This does not take into account future support and parts contracts as well as the potential for foreign and direct military sales to U.S. allies.

It has now come out that Navistar filed a protest late Friday near the end of the ten day period. The losers were supposedly briefed on Thursday as to why their proposals were not chosen.

The filing of the protest means the contracts cannot be executed until it is resolved. The General Accountability Office (GAO) has 100 days to do this. The result could be an overturning of the awards and direction to do a new contest or directing the Army to review its selection process. In some cases the GAO has awarded the protester the contract over the winner.

As the defense budget shrinks and contracts become more valuable to the different defense contractors protests should increase. This was the trend in the Nineties when there was the last major contraction in U.S. spending.

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JLTV Contracts – Seeking Alpha

This is an article I wrote for Seeking Alpha on the JLTV program and its potential for the recent winners of the development contracts.

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JLTV Program EMD Contract Summary — Seeking Alpha

This is an exclusive article I wrote for Seeking Alpha discussing the bids for the Joint Light Tactical Vehicle (JLTV) EMD contract.

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Navistar Defense Receives MRAP Installation Order — Press Release

Existing Reset Line Available to Service Vehicles Returning from Deployment

LISLE, Ill., March 15, 2012 /PRNewswire/ — Navistar Defense, LLC received an award to conduct the installation work associated with its January order to upgrade 2,717 International® MaxxPro® Mine Resistant Ambush Protected (MRAP) vehicles with a new vehicle chassis. The $21 million contract from the U.S. Army Contracting Command is just one of Navistar’s many reset offerings aimed at revitalizing existing defense assets for future missions.

“We are focused on increasing the capabilities of our existing fleet with minimal impact to defense funding,” said Archie Massicotte, president, Navistar Defense. “The vehicle reset line we established for this installation work can also be utilized to restore older vehicles to like-new condition. Therefore, we are poised and ready to reset vehicles returning from deployment – either here at our facility or overseas.”

The installation contract retrofits vintage MaxxPro vehicles with a new rolling chassis. This chassis enhancement includes the addition of the DXM™ independent suspension, a MaxxForce® 9.3 engine, 570 amp alternator and driveline, while leaving a residual chassis with a beam axle that can be reused. The retrofits will be conducted in West Point, Miss., and work is expected to be completed by the end of May 2012.

“Keeping constricting budgets in mind, we continue to anticipate tomorrow’s needs and develop new solutions to use existing assets,” said Massicotte. “In addition to being ready for reset work, we already have options available that reuse the leftover chassis from this body-swap.”

Should the government be interested in reusing its remaining vehicle chassis, Navistar can add an armored cab to the chassis or return the vehicle to a commercial flatbed truck by adding a standard commercial cab for roughly a third of the cost of a new vehicle. Additional variants that can be produced on this building-block model include a recovery vehicle and a utility truck with an integrated capability for exportable power generation.

The company has fielded nearly 9,000 MaxxPro vehicles and continues to anticipate needed vehicle capabilities, enhancements, reset and reuse options for its entire fleet of 32,000 vehicles.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

SOURCE Navistar Defense, LLC

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Oshkosh (OSK) and the FY13 Defense Budget — Seeking Alpha

This is an exclusive post I made for Seeking Alpha about cuts to the FMTV program in the FY13 budget and its effect on Oshkosh’s bottom line.

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NAVISTAR DEFENSE, INDIGEN ARMOR AND SAIC TEAM FOR SOCOM GROUND MOBILITY VEHICLE PROGRAM — Press Release

NAVISTAR DEFENSE, INDIGEN ARMOR AND SAIC TEAM FOR SOCOM GROUND MOBILITY VEHICLE PROGRAM

Lisle, Ill. (February 8, 2012) Navistar Defense, LLC, Indigen Armor and SAIC today announced they will team for the upcoming U.S. Special Operations Command (SOCOM) Ground Mobility Vehicle 1.1 (GMV 1.1) program.

The GMV 1.1 program requires a highly mobile, roll-off mission-ready platform that is transportable on a CH-47 helicopter. To support Special Operations (Specops) missions, each vehicle will be integrated with a full government furnished Command, Control, Communications,
Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) suite.

“We are eager to team with Indigen Armor and SAIC to provide U.S. Special Operations forces with an off-road truck that possesses unprecedented mobility and is designed to be an affordable solution throughout its lifecycle,” said Archie Massicotte, president of Navistar Defense. “Navistar brings world-class truck and engine integration capabilities to the table and with our partners we will be able to provide quick-to-market products to support the needs of Special Operators.”

“As a company founded by special operations personnel to design vehicles for special operations personnel, Indigen Armor is excited to add to the subject matter expertise of Navistar and SAIC to provide the finest solution for SOCOM’s GMV 1.1 requirement,” said John Choate, president of Indigen Armor and former Navy SEAL. “This team establishes a robust alliance that combines proven expertise in meeting Specops mobility requirements, automotive design and manufacturing, C4ISR integration, logistics support and contract management.”

Under the teaming agreements, Navistar will serve as the prime contractor for the GMV 1.1 program. Navistar and Indigen Armor will combine their automotive and Special Operations expertise with SAIC’s skill in C4ISR technologies and its ability to field and provide integrated logistics support.

“This team understands SOCOM’s mission requirements and has worked well together supporting them in recent years,” said Glenn San Giacomo, SAIC senior vice president and business unit general manager. “These experiences will help us as we design, field and sustain an exceptional vehicle that has full life-cycle efficiencies designed in from the start.”

The program currently calls for the production of about 200 units per year for up to five years.  A request for proposals is expected in late February 2012, with production awards expected in early January 2014.

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

About Indigen Armor

Indigen Armor was conceived by special operations personnel while serving in a volatile combat zone in 2004.  Acquired by J.F. Lehman & Company private equity firm in 2009, the company continues to be run by military veterans with extensive Special Operations backgrounds that focus on the design and development of Specops mobility platforms.  The company has a growing staff of professionals housed in a 267,000 square foot, state-of-the-art prototyping and manufacturing facility. For more information, visit www.indigenarmor.com.

About SAIC

SAIC is a FORTUNE 500® scientific, engineering and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy & environment, health, and cybersecurity. The company’s approximately 41,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of approximately $11 billion for its fiscal year ended January 31, 2011. For more information, visit http://www.saic.com. SAIC: From Science to Solutions®.

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U.S.M.C. Relies on Navistar to Upgrade MRAP Vehicles

When the U.S. began to understand the complexity and lethality of the mine and Improvised Explosive Device (IED) threat to its troops in Iraq and Afghanistan it reacted by investing billions in a mixed fleet of Mine Resistant Ambush Protected (MRAP) vehicles from a variety of suppliers. These were large, wheeled armored trucks designed to channel mine blasts and were used to move troops and supplies primarily on roads. They were used to replace unarmored HUMVEE and trucks that the U.S. military had relied on for decades to be their prime movers of men and materials.

Many of these vehicles were evolved out of experience the Israeli and South African military had gained by operating in areas where insurgent movements targeted them with comparable threats. Different companies were able to come up with designs that where quickly purchased and deployed. These included commercial truck companies like Navistar (NAV) and Oshkosh (OSK) as well as traditional defense contractors such as BAE Systems (BAE:LSE) as well as new start ones similar to Force Protection.

With the end of fighting in Iraq and transfer of the main effort to Afghanistan MRAP vehicles were considered too unwieldy and roadbound to support tactical operations. This led to the development of Oshkosh’s MRAP-AT designed for more off road actions.

At the same time the Army, Navy and U.S.M.C. possess large numbers of MRAP vehicles that now must be fitted into tactical organizations and doctrine. With that in mind the Marines just awarded Navistar a contract to upgrade almost 3,000 of their systems with new “rolling” chassis to improve their off-road capability. The contract has a value of $880 million.

Similar efforts will have to be made to improve other MRAP vehicles to make them a more tactical system rather then just a logistics support vehicle. Billions have been invested in them, their support and training. The U.S. will possess a large number for years to come and cannot guarantee that they will be in situations or environments that their features are best for. If not they will have to maintain a fleet of different vehicles and organizations to utilize them which is not only inefficient but expensive in a time when budgets will be declining and must be made more effective.

Photo from Tumbleweed:-)’s Flickr Photostream.

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General Dynamics To Acquire Force Protection

In a major shakeup of the U.S. armored vehicle industry General Dynamics (GD) announced late yesterday that it intends to acquire Force Protection (FRPT). GD is one of the largest defense contractors in the United States and makes a diverse product line including the Stryker wheeled combat vehicle, submarines, C4I systems and other defense related systems. Force Protection came to the fore in the middle part of the last decade as a successful provider of Mine Resistant Ambush Protected (MRAP) vehicles used by the U.S. and its Allies in Iraq and Afghanistan.

GD will pay about $5.52 a share for the South Carolina based company for a total cost of around $360 million. The transaction still needs to go through all of the necessary shareholder and Government wickets but GD hopes to close it out by the end of 2011.

Force Protection is a good example of the boom-and-bust aspect of the defense industry. They were early producers of MRAP vehicles selling quite a few to select customers before in 2004-2005 Congress and the DoD decided to invest in thousands of the heavily armored vehicles. MRAP were seen as the best counter to the mine and Improvised Explosive Device (IED) threat in Iraq and Afghanistan that were causing hundreds of casualties among U.S. troops traveling in their support vehicles which tended not to be heavily armored.

MRAP were bought initially to equip engineering units responsible for removing these threats but then became standard tactical vehicles. Hundreds were purchased from a variety of suppliers including Force Protection, Navistar (NAV), BAE Systems (BAE:LSE) and other companies across the globe. Factories sprang up in South Carolina, Mississippi and other states to produce them. The U.S. used rapid acquisition to buy the MRAP, spares and logistical support and by 2007 deaths were much reduced.

Force Protection’s earnings and stock mirrored this boom going up to a high in 2008 in the mid-$20 range. Unfortunately at a certain point the U.S. had purchased all that it needed especially of the first generation MRAP and by the end of 2008 Force Protection was struggling to make a profit and its stock had dropped below $10.

The company did not win contracts for the new MRAP vehicle being purchased for Afghanistan losing out to Oshkosh (OSK) for the MRAP-ATV contract. It had bid on some other work like Australia’s and Canada’s new armored vehicles but those contracts are yet to be awarded. It did in 2010 win a contract to build vehicles for the U.K. worth a substantial amount.

The acquisition by GD reflects the changing market that currently exists. With defense cuts coming it will be hard for the U.S. to support multiple suppliers for this product. GD gains manufacturing capability and staff who will make money supporting their existing vehicles and will help GD with the design and production of new systems.

It can be expected that there will be an uptick in M&A with mid-level companies like this that will see limited markets. The U.S. Government has made clear that it is not in favor of the bigger defense contractors merging as happened in the Nineties but the cut backs will see many smaller corporations disappear either changing markets or being absorbed by their competitors.

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Better Price Does Not Lead to More Profit

The Department of Defense uses different source selection criteria for different programs depending on what phase they are at in the acquisition cycle or how stable a product they are. One factor that is constant though is they are looking for the best price and value for their dollar. This doesn’t mean that they will always accept the lowest bid but they will accept the most technical constant at the lowest bid.

This means that in some cases companies can win work by aggressively offering a low price by minimizing their overhead costs and factoring in a small amount for profit. This pricing strategy does have as an issue that while it may lead to the contractor winning the work it may mean little or even no profit on the contract. With the new focus by DoD on price this means that margins are going to be squeezed even more while budgetary pressures may reduce the amount of large contracts available for any contractor to win.

Two recent contracts illustrate this issue for different companies.

The first is the Family of Medium Tactical Vehicle (FMTV) truck production for the U.S. Army and U.S. Marine Corps. Oshkosh (OSK) aggressively bid on this work to win it away from BAE Systems (BAE:LSE). Oshkosh’s win was protested by the losers, including BAE and Navistar (NAV), with one of the concerns being the low price offered. The GAO denied the protest and Oshkosh has now built hundreds of the trucks and trailers for the U.S. military.

Oshkosh hoped to offset declines in its commercial specialty truck business with military work and was able to win this contract and another for Mine Resistant Ambush Protected (MRAP) vehicles. The two led to large amounts of revenue for the company but unfortunately the MRAP work is winding down and it turns out that Oshkosh’s price is so low on the FMTV that they are struggling to make money off of it. Their revenues and profit saw steep declines in the last quarter partially due to this issue.

Boeing (BA) recently won the new aerial tanker contract with their 767 derivative KC-46A. They bid $3.6 billion for the development and early production contract that the Air Force estimated would cost $3.9 billion. It was hard for the other bidder, EADS (EADS:P), to match this price. There were concerns raised that Boeing had deliberately bid low to make sure that they won since the contest would ultimately come down to price.

The current estimate for this phase is now around $5.2 billion. It may end up being lower in the end but not by more then a few percent. This means that the Government and Boeing share the cost of the first billion increase and Boeing pays everything above $4.9 billion. If the current price is correct Boeing will lose $300 million. Boeing recently reported a good quarter with earnings up 20% and profits nineteen cents a share.

In Boeing’s case commercial sales as well as their diverse defense product line will offset the overruns in the KC-46A. Oshkosh does not necessarily have that luxury with the FMTV as their commercial vehicle sales are dependent on construction activity and government investment in equipment. Both have fallen off with the current economic situation in the U.S. and probably will be down for a few more years.

While the Government wants companies to make profits and stay in business they are not going to factor that in when they make awards. If a companies offer a low, best price they will take that. It is up to the bidder to calculate the price that offers the best chance of winning while generating revenue and profit. These examples show that is not always the easiest thing to do.

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NAVISTAR DEFENSE OFFERS NEW MRAP AMBULANCE VEHICLE VARIANT — Press Release

NAVISTAR DEFENSE OFFERS NEW MRAP AMBULANCE VEHICLE VARIANT

FORT LAUDERDALE, Fla. (February 23, 2011) Navistar Defense, LLC today showcased its International® MaxxPro® Dash Mine Resistant Ambush Protected (MRAP) ambulance variant at the Association of the United States Army (AUSA) Winter Symposium and Exhibition. The company can also offer ambulance kits to convert existing MRAP vehicles into blast-protected ambulances.

“Our warfighters are challenged to complete a variety of missions and survivability continues to be key,” said Archie Massicotte, president, Navistar Defense. “After fielding nearly 8,000 MaxxPro vehicles, we are proud to make the Dash ambulance available to help support the ongoing critical need for MRAP vehicles.”

The Dash Ambulance includes an easy-to-use litter assist system as well as a protected work space benefitting medics and patients. This solution, paired with the company’s DXM™ independent suspension, helps medical aid navigate rough terrain to get where it is needed.

In addition to new vehicles, Navistar offers a MaxxPro ambulance kit, which can be installed into existing MaxxPro vehicles including the MaxxPro Base, Plus and Dash variants.

As one of the leading providers of MRAP vehicles, Navistar is committed to expanding its family of vehicles to serve multiple mission types. The company also continually develops vehicle enhancements. One of these enhancements, the DXM independent suspension, is currently being retrofitted onto existing MaxxPro vehicles.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

Photo courtesy of the Navistar Defense, LLC.

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NAVISTAR DEFENSE TO PROVIDE 250 MAXXPRO MRAP — Press Release

NAVISTAR DEFENSE TO PROVIDE 250 MAXXPRO MRAP RECOVERY VEHICLES

Family of MRAP vehicles continues to expand to meet mission needs

WARRENVILLE, Ill. (November 22, 2010) Navistar Defense, LLC today announced that it received a delivery order for 250 International® MaxxPro® Recovery vehicles from the U.S. Marine Corps Systems Command. The $253 million order was placed under the company’s Mine Resistant Ambush Protected (MRAP) indefinite delivery / indefinite quantity contract and includes contractor logistics support. This is Navistar’s eighth major MRAP variant.

Navistar originally unveiled the MaxxPro Recovery vehicle, also known as a wrecker variant, in February 2009 as a new utility vehicle offering.

“We believe that part of industry’s role is to recognize a potential need before it becomes an absolute necessity,” said Archie Massicotte, president, Navistar Defense. For Navistar, that meant extending MRAP-level survivability to those running vehicle recovery and other support missions.”

Just last month, Navistar expanded its MRAP family of vehicles again with the launch of the MaxxPro Tractor and MaxxPro Dash Ambulance. The company’s ability to grow its vehicle portfolio, with little lead time, occurs through the use of the existing commercial vehicle platforms.

The MaxxPro Recovery vehicle is based on the same International® WorkStar® platform that lends its flexibility to the company’s growing family of vehicles. MRAP ballistic, mine and improvised explosive device (IED) protection will now aid two- to three-man crews as they retrieve damaged or mission-disabled vehicles and carry out other support missions.

The vehicle is powered by the MaxxForce® 9.3D engine. Production of MaxxPro Recovery units will be completed by fall 2011.

Since receiving its original MaxxPro MRAP contract in May 2007, Navistar has emerged as one of the leading providers of MRAP vehicles. To date, the company has been contracted to produce more than 7,800 units.

“Winning orders like this is consistent with our plans to be a $1.5 to $2 billion annual business,” said Massicotte. “Not only do we have flexible vehicle platforms at the ready, but we have a growing network of engineers along with strong parts and sustainment organizations to keep us on target.”

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE GROWS MAXXPRO FAMILY OF VEHICLES WITH TRACTOR VARIANT AND AMBULANCE KIT — Press Release

NAVISTAR DEFENSE GROWS MAXXPRO FAMILY OF VEHICLES WITH TRACTOR VARIANT AND AMBULANCE KIT

Flexible platform is designed to support multiple mission needs

WASHINGTON, D.C., (October 25, 2010) Navistar Defense, LLC today launched both the International® MaxxPro® ambulance kit and the MaxxPro Tractor variant at the Association of the United States Army (AUSA) Annual Meeting and Exposition.

Since 2007, the company’s family of MaxxPro Mine Resistant Ambush Protected (MRAP) vehicles has grown to include 11 different vehicle variants. The first six of these variants were developed in only 18 months.

“Our ambulance kit, which has received positive reviews from the U.S. Army Medical Department, can quickly turn any MaxxPro vehicle into a fully functioning ambulance and aid station – with full protection for both medics and patients,” said Archie Massicotte, president, Navistar Defense. “The kit does not require new vehicles. Thanks to the flexibility of our proven truck platforms, we are able to quickly develop new vehicle solutions as well as vehicle variants like the MaxxPro Tractor.”

Ambulance kits include an easy-to-use litter assist system as well as a protected work space benefitting medics and patients. This solution paired with the company’s DXM™ independent suspension helps medical aid navigate rough terrain to get where it is needed. While the kit is displayed this week on a MaxxPro Dash unit, the solution is available for other variants such as the MaxxPro Base and Plus.

Combining a proven truck platform with proven survivability solutions, Navistar today also introduced the MaxxPro Tractor into its MRAP family. This vehicle uses an A kit / B kit armor solution with MRAP-level protection available, to allow two- to three-man crews to carry out support missions. The vehicle is powered by a MaxxForce® D 13L engine.

In addition to the MaxxPro Tractor, Navistar also offers two other MRAP utility variants, the MaxxPro Cargo and the MaxxPro Recovery Vehicle. All three utility vehicles utilize MaxxForce® D engines and heavy duty chassis.

To date, Navistar has been contracted to produce more than 7,500 MaxxPro units as well as retrofit 1,222 units in theater with its DXM™ independent suspension solution. MaxxPro vehicles are currently in operation with U.S. forces as well as with six coalition forces.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus® brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE WINS FIRST NAVY CONTRACT FOR HEAVY TRUCK TRACTORS — Press Release

NAVISTAR DEFENSE WINS FIRST NAVY CONTRACT FOR HEAVY TRUCK TRACTORS

Award includes three additional option periods

WARRENVILLE, Ill. (October 5, 2010) Navistar Defense, LLC today announced that it has received an award for $18.9 million from the Naval Facilities Engineering Command (NAVFAC) for 38 International® 5000-MV heavy truck tractors (HTTs). The company’s first contract with the U.S. Navy includes three option periods for additional vehicle orders.

A proven heavy-haul tractor, the 5000-MV HTT unit will support Navy Seabee transportation needs. The vehicles incorporate a variety of armoring solutions derived from the International® MaxxPro® Mine Resistant Ambush Protected (MRAP) vehicle. Units include a manual 18-speed transmission and a MaxxForce® D 13L engine.

“We are very appreciative of the Navy’s decision to select our HTT offering,” said Archie Massicotte, president, Navistar Defense. “The Seabees have a long history of building new infrastructures half way around the world and we are proud to be a part of that tradition going forward.”

Similar 5000-MV HTT variants were used by the U.S. Army during two Persian Gulf Wars to transport tanks across the Northern Saudi Arabian Desert. Nearly 600 HTT units are currently in service with KBR and the Iraqi Ministry of Defense to support security and rebuilding efforts.

Production of HTT vehicles will begin in early 2012. Spare parts and training services are included in the contract.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE LAUNCHES HIGH-MOBILITY MEDIUM TACTICAL VEHICLE BASED ON PROVEN TRUCK PLATFORM — Press Release

NAVISTAR DEFENSE LAUNCHES HIGH-MOBILITY MEDIUM TACTICAL VEHICLE BASED ON PROVEN TRUCK PLATFORM

Company has more than 21,000 medium tactical vehicles in service

QUANTICO, Virginia (September 28, 2010) Navistar Defense, LLC today unveiled its new high-mobility medium tactical vehicle (MTV) at the Modern Day Marine Exposition in Quantico, Virginia. Based on the proven International® 7000-MV platform, the vehicle incorporates the DXM™ independent suspension and can also accommodate a variety of survivability and armoring solutions derived from the International® MaxxPro® Mine Resistant Ambush Protected (MRAP) vehicle.

“Since receiving our first contract in 2005 to support security and rebuilding efforts in Afghanistan, we have provided more than 21,000 medium tactical vehicles based on the 7000-MV platform in 13 different variants,” said Archie Massicotte, president, Navistar Defense. “Now, we’ve enhanced this family of vehicles by incorporating survivability and independent suspension technologies that are in the field on our MaxxPro MRAP vehicles.”

The company recently completed building 1,130 MaxxPro Dash vehicles with its DXM independent suspension for fielding in Afghanistan. An additional 1,222 Dash units already in operation will also soon be retrofitted with the DXM suspension solution.
Capable of climbing a 60 percent gradient and maneuvering 40 percent side slopes, Navistar’s high-mobility MTV also incorporates automatic traction control, anti-lock brakes, self-diagnostics and advanced electronics systems. Additional options include MaxxForce® D 9.3L and 13L powertrain offerings as well as a central tire inflation system (CTIS).

Navistar medium tactical vehicles are currently in operation in countries such as Iraq, Afghanistan, Canada, Israel, Jordan and Taiwan.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services.

Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE DISPLAYS MILITARY VEHICLES FOR FUTURE SOUTH AFRICAN TRUCK REQUIREMENT — Press Release

NAVISTAR DEFENSE DISPLAYS MILITARY VEHICLES FOR FUTURE SOUTH AFRICAN TRUCK REQUIREMENT

CAPE TOWN, South Africa (September 21, 2010) Navistar Defense, LLC today showcased its International® MXT™ and Navistar-Tatra ATX6 vehicles at the Africa Aerospace and Defence exhibition. The company plans to submit variations of these vehicles to compete for the future South African military logistic truck requirement.
“We continue to diversify our product portfolio to meet the needs of allied armed forces all over the world,” said Archie Massicotte, president, Navistar Defense. “Our MXT vehicle and the Navistar-Tatra ATX6 provide flexible platforms that can meet the future military needs of South Africa while also allowing for additional enhancements as mission needs evolve. In addition, the ATX family of vehicles provides solutions in 4×4, 6×6 and 8×8 configurations. ”

Today, the MXT vehicle is in operation in Afghanistan supporting the British Army. The vehicle has demonstrated exceptional survivability and off road performance in all environmental conditions. The vehicle utilizes Navistar’s manufacturing and engineering expertise along with survivability solutions developed by Israel’s Plasan Sasa.
The jointly-produced ATX6 is part of a family of vehicles offered by Navistar and Tatra, a.s. The ATX6 combines Navistar engine technology and other vehicle components with Tatra’s proven backbone-tube chassis design and independent suspension system. Tatra’s chassis concept uses swinging half-axles for world class tactical vehicle mobility and added resistance against chassis wear and tear.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE TO PRODUCE ADDITIONAL U.K. TACTICAL SUPPORT VEHICLES — Press Release

NAVISTAR DEFENSE TO PRODUCE ADDITIONAL U.K. TACTICAL SUPPORT VEHICLES

WARRENVILLE, Ill. (September 7, 2010) Navistar Defense, LLC today announced that it received a second delivery order valued at $56 million from the U.K. Ministry of Defence for an additional 89 International® MXT™ Husky vehicles.

The award follows the company’s April 2009 contract for 262 MXT Husky units for the U.K. Tactical Support Vehicle (TSV) program. All units will be utility variants.

“MXT Husky units are currently supporting missions in Afghanistan and the Ministry of Defence has placed priority on getting these additional vehicles into theater,” said Archie Massicotte, president, Navistar Defense. “Improvised explosive devices continue to threaten coalition forces and the MXT provides the protection and the mobility warfighters need to complete missions safely.”

The Husky is the medium variant for the TSV program and accommodates a four-person crew. The vehicle is equipped with a MaxxForce® D 6.0 L V8 engine, Allison five-speed automatic transmission and also incorporates Plasan Sasa’s armoring solution.

Deliveries are scheduled to begin at the end of October 2010 and will be completed in early 2011.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

Photo courtesy of Navistar Defense, LLC.

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Force Protection to Upgrade U.S.M.C. MRAP Vehicles

The United States Marine Corps announced that they are awarding a Force Protection (FRPT) a contract to upgrade over two thousand Mine Resistant Ambush Protected (MRAP) vehicles previously purchased. The contract to modify the seats on these Cougar vehicles is worth over $60 million.

The U.S. military has invested billions in MRAP vehicles since 2005 due to the prevalence of the mine and Improvised Explosive Device (IED) threat in Iraq and Afghanistan. MRAP provide the ability to move troops across terrain with a higher level of protection then more conventional armored vehicles. Force Protection along with Navistar (NAV), BAE Systems (BAE:LSE) and Oshkosh (OSK) have built thousands of these vehicles for the U.S. military and many Allies.

One of the advantages of being a major hardware supplier to the U.S. military and other customers is the ability to win contracts to modify, support and maintain that hardware. This contract is a good example of that as Force Protection is earning revenue off of already delivered and in-service vehicles.

Force Protection stock has struggled since its high of almost $30 in 2007 to where in the last year it has been between $4 and $6. The U.S. has turned mainly to Oshkosh for its latest MRAP-AT vehicle designed for the more rugged terrain of Afghanistan.

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NAVISTAR DEFENSE AND TATRA TEAM FOR CANADIAN SMP PROGRAM — Press Release

NAVISTAR DEFENSE AND TATRA TEAM FOR CANADIAN SMP PROGRAM

WARRENVILLE, Ill. (June 2, 2010) Navistar Defense, LLC and TATRA, a.s. today announced that they will team for the upcoming Canadian Department of National Defence Standard Military Pattern (SMP) vehicle program. As part of the Medium Support Vehicle System (MSVS) program, SMP will replace Canada’s Medium Logistics truck fleet.

“We are excited to team with Tatra for the upcoming SMP vehicle program and believe that Tatra’s innovative vehicle designs and unique tactical chassis technology provide the team with a great advantage,” said Archie Massicotte, president, Navistar Defense. “Combining our military vehicle expertise, the Navistar-Tatra team brings to the table the know-how and the flexibility to provide Canada with great tactical vehicle technology and support solutions.”

“We are truly energized by how well Tatra and Navistar have come together as a team over these last several months,” said Ronald Adams, Tatra’s CEO and chairman of its board of directors. “As our cooperation has deepened with each passing day, and as we have built our first trucks together, we have come to realize how very powerful this team will be in the tactical vehicle arena. Our combined technology, engineering, manufacturing, and support capabilities present a compelling value proposition for our customers.”

The Navistar-Tatra team also plans to utilize Navistar’s global parts and support network for vehicle support. The team is also focused on creating local sustainment of its vehicles and will meet all requirements under Canada’s Industrial and Regional Benefits policy.

Navistar will serve as the prime contractor for the SMP program. The company is currently providing Military Commercial off the Shelf (MilCOTS) vehicles to the Canadian DND as part of the MSVS program. The company’s Canadian dealerships provide service support for these vehicles.

About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.navistar.com/newsroom.

Tatra, a.s.

Tatra, a.s., located in the Czech Republic, is a long-time manufacturer of heavy-duty, all-wheel-drive, off-road trucks and chassis-cabs. Tatra’s products range from 5-ton payload 4×4’s up to 39-ton payload 12×12’s utilizing Tatra’s unique chassis technology. Tatra also manufactures a line of air-cooled diesel engines, transmissions and portal axles. The company’s integrated line of commercial and military products are distributed globally through Tatra dealers and other affiliated companies. Additional information is available at www.tatra.cz.

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NAVISTAR DEFENSE RECEIVES $191 MILLION IN NEW VEHICLE AND UPGRADE ORDERS — Press Release

NAVISTAR DEFENSE RECEIVES $191 MILLION IN NEW VEHICLE AND UPGRADE ORDERS

WARRENVILLE, Ill. (May 4, 2010) Navistar Defense, LLC today announced that it has received two separate awards totaling $191 million for the delivery of new medium tactical vehicles as well as enhancements to International® MaxxPro® Dash Mine Resistant Ambush Protected (MRAP) units in Afghanistan.

Under the new delivery order for medium tactical vehicles from the U.S. Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command, Navistar will provide 629 additional medium tactical vehicles for $89 million. The order falls under Navistar’s three-year contract awarded in May 2008 to support the Afghan National Police and Afghan National Army. Deliveries are scheduled to begin in October 2010 and all units will be general troop transport trucks for use in Afghanistan.

“To date, we have more than 14,000 vehicles in Iraq and Afghanistan that leverage the same commercial truck platform, but operate as different medium tactical vehicle and MRAP variants,” said Archie Massicotte, president, Navistar Defense. “This commonality allows us to customize our vehicles for the mission while also accelerating the fleet support provided by our global parts and support network.”

Navistar’s second award is from the U.S. Marine Corps Systems Command for $102 million for MaxxPro Dash MRAP capability insertions. Under the contract, the company will provide a number of vehicle enhancements for the 1,222 Dash units currently in Afghanistan. Installations will begin in August 2010 and be completed by the end of October 2010. These same enhancements have been incorporated into the new MaxxPro Dash vehicles with DXM™ independent suspension currently being delivered.

“Capability insertion is just one form of vehicle sustainment that Navistar provides,” said Massicotte. “Vehicle fleets have been known to operate for 15 and 20 years and we will provide all the support necessary to keep our trucks up and running and equipped with the latest and greatest technology.”

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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NAVISTAR DEFENSE SHOWCASES MAXXPRO DASH WITH DXM INDEPENDENT SUSPENSION AT AUSA — Press Release

NAVISTAR DEFENSE SHOWCASES MAXXPRO DASH WITH DXM INDEPENDENT SUSPENSION AT AUSA

FORT LAUDERDALE, Fla., (February 24, 2010) Navistar Defense, LLC today will showcase its enhanced International® MaxxPro® Dash Mine Resistant Ambush Protected (MRAP) vehicle with DXM™ independent suspension for attendees at the 2010 Association of the United States Army (AUSA) Winter Symposium and Exposition.

“The Dash with DXM independent suspension demonstrates our work in improved performance as we continue to bring our significant design force to bear on product improvements for our warfighters,” said Regis Luther, vice president, military products and initiatives. “We are also focused on the swift delivery of this capability and have designed kits and rolling chassis to quickly retrofit the remainder of the MaxxPro and 7000 Series fleets if needed.”

The enhanced MaxxPro Dash with DXM independent suspension offers added mobility for off-road travel while still providing warfighters with Category I MRAP survivability protection. A number of other added features that are included on the enhanced Dash include insulation and door upgrades, as well as an inclinometer, which acts as a level and measures side slope during vehicle operation.

The DXM independent suspension solution is provided by Hendrickson Truck Suspension Systems and AxleTech International. Navistar selected this no-compromises suspension system after conducting an extensive trade study. The DXM design also minimizes the effort needed to integrate the system onto existing MaxxPro and 7000 Series vehicles should the military be interested in retrofitting the company’s fleets.

On February 16, Navistar received an order for 1,050 Dash vehicles, bringing the company’s total MRAP orders to 7,494. Navistar also has provided more than 8,100 International® 7000 Series vehicles to the Afghan National Army and Afghan National Police. These vehicles can also be upgraded with the DXM independent suspension.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

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Rumor Of New MRAP Contracts For Afghanistan May Bouy Navistar

An internal memo from within the Department of Defense some how leaked out. It states that in support of the U.S. operations in Afghanistan a further 2,500 Mine Resistant Ambush Protected (MRAP) vehicles will be required. Over the last two years the focus of acquisition for these kind of vehicles has been the Oshkosh produced MRAP-AT which was the result of the MRAP-All Terrain Vehicle (ATV) contest. The MRAP-ATV requirements were for a lighter, more maneuverable vehicle able to operate better in Afghanistan’s rough terrain.

Navistar was unable to win the MRAP-ATV contest and have missed out on the several hundred million dollars worth of orders for those vehicles. If the memo is correct an order for over one thousand of their MRAP type vehicles for use in Afghanistan will be welcome. The U.S. military has spent a great deal on MRAPs to serve in Iraq and Afghanistan over the last five years. They now possess significant numbers of them and will use them for several years to come. There will be little need to buy more of them and this will affect Navistar, BAE Systems and Force Protection all who ramped up production to meet demand.

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Navistar To Provide More Trucks To U.S. Army

The United States military has expended a great deal of logistics and support vehicles in Iraq and Afghanistan. These trucks have taken a beating both from heavy use and enemy attacks. The Army has let several contracts recently to repair, reset and replace them. Yesterday it was announced that Navistar would be awarded a contract to provide tanker trucks, wreckers and generic troop transport vehicles. The value of this contract is over $400 million.

Navistar was disappointed that it did not win a portion of the MRAP-ATV contract to provide the lighter vehicles for use in Afghanistan. That contract went to Oshkosh. This contract will offset some of the losses from not contributing to that effort. It also demonstrates that the U.S. has been able to grow a decent industrial base when it comes to logistic support vehicles.

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