Oshkosh Truck Corporation (OSK)

[Investorman]

Pentagon to Buy $192.8 Million Worth of Fire Trucks From Oshkosh

Oshkosh, Wis.-based Oshkosh (NYSE: OSK ) landed a sizable contract award from the Pentagon on Thursday.

The firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the procurement of P-19R Aircraft Rescue Fire Fighting (ARFF) vehicles for the U.S. Marine Corps has a completion date of May 29, 2018, and a ceiling value of $192.8 million. In addition to the vehicles themselves, Oshkosh will provide the USMC with "support and sustainment" services on the new vehicles.

The P-19R is specified as being capable of initiating firefighting operations within five minutes of an alarm. It must have a built-in system for automatic extinguishment of fires on the vehicle itself, and it must be small enough to be transportable aboard an Air Force C-17 transport.

These new vehicles will replace and upgrade the Corps' current fleet of A/S32 P-19A firefighting, aircraft crash, and structural fire trucks.