Yup to NYSE new symbol NAV
MK

Uplisting Monday...;)!!

52 wk hi today
MK

couple weeks maybe...rumors..;)

Would think so
MK

Hmmmmmmmmmm, they should go back to the big boards soon, eh?

He recomended it again w 135.00 tgt
today
MK

Military adds armor to Iraq vehicles as roadside bombs surge

By LOLITA C. BALDOR and CHELSEA CARTER, Associated Press Writers 41 minutes ago

WASHINGTON - The U.S. military is reinforcing the sides of its topline mine-resistant vehicles to shore up what could be weak points as troops see a spike in armor-piercing roadside bombings across Iraq, The Associated Press has learned.

The surge in attacks is putting the mine-resistant, ambush-protected vehicles (MRAPs) to the test, and so far they are largely passing. Statistics reviewed by the AP show that while bombings involving the deadly penetrating explosives have jumped by about 40 percent in the past three months, deaths in such bombings have dropped by as much as 17 percent.

Officials attribute much of the decline in deaths to the increased use of MRAPs, pronounced "M-raps." To date, about a half-dozen troops have died in incidents that involved the new bomb-resistant vehicles, and several of those deaths occurred in rollovers rather than from explosives penetrating the armor.

Military officials spoke on condition of anonymity about the statistics because some are classified. Details of specific incidents often are not provided, making it difficult to determine which type of vehicle is involved in each roadside bombing.

Army spokesman Paul Boyce said that commanders are increasing safety training to help troops better learn how to handle the heavy, ungainly vehicles.

"We're emphasizing the limitations of the vehicle's handling and the importance of understanding the lessons learned after some close calls," said Boyce, adding that the training also focuses on how to get out in an emergency. In addition, officials stress the importance of inspecting and using seat belts.

Meanwhile, at Camp Arifjahn in Kuwait, the military is reinforcing some MRAPs with additional side armor — and it shipped as many as 20 of the newly upgraded vehicles to the battlefront in April. An additional 30 are to go into Iraq beginning this month.

Navy Lt. Cmdr. James Hadley, who is overseeing the upgrades in Kuwait, said not every MRAP is getting the additional armor, which increases the vehicle's weight by as much as 5,000 pounds. The extra protection, he said, is being added to vehicles destined for hot battleground areas.

The additional armor is shipped in kits to Kuwait and installed on the MRAPs, which only recently arrived at a facility dedicated to outfitting the vehicles with antennas and equipment before being sent to troops.

Roadside bombs have long been a primary killer of troops in Iraq, and in May 2007 Defense Secretary Robert Gates declared that the speedy purchase of MRAPs was the Pentagon's top acquisition priority. The vehicles have a V-shaped hull and sit about 36 inches off the ground, so when a bomb explodes the blast is directed out and away from the troops riding inside.

Congress has provided more than $22 billion for at least 15,000 of the vehicles the Defense Department plans to acquire, mostly for the Army. The Marine Corps, citing reduced violence in Iraq and the awkward size of the vehicles, has already announced it wants only 2,300 — 1,400 fewer than initially planned.

The vehicles cost between $500,000 and $1 million each, depending on their size and how they are equipped.

"We will continue to improve the quality of the armor protection on the vehicles," Army Lt. Gen. Stephen Speakes said in an AP interview this week. "Our strategy will be a combination of improving the fleet that is already fielded over in combat, as well as putting additional capability on in the factory."

Speakes, deputy chief of staff for Army resources and equipping, was in Iraq recently and got to test drive one of the MRAPs and talk to commanders about their use. Roughly 3,000 of the vehicles are in Iraq now, with thousands more to be delivered in coming months.

Speakes said that Maj. Gen. Rick Lynch, commander of the 3rd Infantry Division, told him that using the MRAPs has saved the lives of about 40 of his soldiers. Lynch's troops control a large region south of Baghdad.

"We naturally are conscious of cost, and conscious of how much America has sacrificed to put all that capability in the hands of soldiers," said Speakes. "But when you hear a division commander just say 'thank you ... I estimate you've saved 40 of my soldier's lives,' it kind of puts it all in a different perspective."

Details of deaths related to the MRAPs are not readily available. But one soldier died early this year when his MRAP hit a very large, deeply buried roadside bomb and overturned. The soldier was the gunner, and he was sitting atop the MRAP, so it was not immediately clear whether he died as a result of the explosion or the rollover.

In other instances, one service member who was not wearing his seat belt was killed when a bomb exploded near his vehicle, and two soldiers were killed when their MRAP overturned. No other details were available.

Finally, in what may be the only instance in which explosives penetrated the MRAP, two soldiers were killed last week when the MRAP they were riding in was hit by what appeared to be one of the highly lethal explosively formed penetrators, called EFPs.

One or two other troops may have been killed previously in incidents that involved earlier, less heavily armored versions of the MRAP.

The spike in the use of EFPs can be tied in part to the surge in violence last month in Sadr City and Basra. U.S. and Iraqi troops have been battling Shiite militias there, including many armed with Iranian-made weapons.

According to military statistics, in the past three months:

• EFP incidents in Iraq jumped by nearly 40 percent, while casualties related to those attacks went down by about 17 percent.

• Overall roadside bomb incidents in Iraq increased about 10 percent, while casualties dropped by more than 40 percent.

• Roadside bomb incidents in the Baghdad area, including Sadr City, rose by about 20 percent, and casualties went up 30 percent. Fighting spiked recently due to battles with Shiite militia members in Sadr City.

• In the Baghdad area, EFP incidents increased by about 17 percent, while casualties fell by 43 percent.

Officials said that the bulk of the casualties around Baghdad during April were the result of the armor-piercing explosives.

___

Associated Press Writer Chelsea Carter contributed to this report from Camp Arifjahn, Kuwait.

http://news.yahoo.com/s/ap/20080509/ap_on_go_ca_st_pe/armored_vehicles

Navistar gets $1.18 bln order for mine-resistant vehicles
By Robert Daniel
Last update: 1:45 a.m. EST Dec. 19, 2007

Jim Cramer Recommends NAVZ:

NAVZ.PK 60.10 na 'Star Power'
. . . . .
Tomorrow, the Secretary of Defense is supposed to present the new defense budget to the democratic Senate Appropriations Committee...

Now, I think we've got a play on this budget, which Bush has just raised by $50 billion...

Of that $50 billion, approximately $12.5 billion will go toward these mine-resistant MRAP vehicles...

The play there is obvious, but I didn't hear anyone talk about it for some reasons that I'll make evident in a moment...

The play is... Navistar International Corp. (NAVZ.PK)

More specific comments to be added for NAVZ.PK...

. . . . .



The bottom line!: While right now, while this stock may look like a risky stock, I think it could be money in the bank.

http://madmoneyrecap.com/daily_recap_closingcomments_092507.htm

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