This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Navistar Defense Awarded $23 Million Order To Provide Armored Cabs To The Afghan National Security Forces

Stocks in this article: NAV

LISLE, Ill., Feb. 20, 2013 /PRNewswire/ -- Navistar Defense, LLC, already a key supplier to the Afghan National Army (ANA) and Afghan National Police (ANP), has received an urgent delivery order from the U.S. Army (TACOM LCMC) to retrofit 205 armored cabs onto Navistar Medium Tactical Vehicles (MTV) currently designated for service with the Afghan National Security Forces.

(Logo: http://photos.prnewswire.com/prnh/20120127/MM32830LOGO-a)

The award, for $23 million, will involve replacing the current commercial cab with a specially designed armored cab— providing savings by re-using the original components of the MTV to protect the ANA and ANP from ballistic and blast threats in the theater of operations. The order also includes enhancing additional vehicle elements for improved survivability to provide Afghan National Security Forces with the capability to conduct route clearance missions with mine roller applications.

"This order reflects Navistar's strong partnership with the U.S. Department of Defense in providing high quality vehicles on very aggressive schedules in support of protecting the soldier on the ground," said Archie Massicotte, president, Navistar Defense. "We are proud to continue to support the vehicle fleet that we have provided to the Afghan National Security Forces and deliver on our commitments to the U.S. military and allies on this very important project and program."

The Navistar MTV is an extremely flexible platform that is already in service in Afghanistan in a variety of key missions including general troop transport, water tankers, fuel trucks, recovery vehicles and cargo trucks. Since 2004, Navistar has provided nearly 9,000 MTVs to the ANA and ANP. There are another 14,000 Navistar MTVs in service with military units around the world. 

The vehicles will be upgraded at the Navistar Defense facility in West Point, Miss. Deliveries are scheduled to begin in April with completion scheduled for July.

About NavistarNavistar 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.

SOURCE Navistar Defense, LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs