LISLE, Ill., Sept. 19, 2012 /PRNewswire/ -- 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. SOURCE Navistar Defense, LLC
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV