THE HILL
 
comment
Print

Lockheed, Oshkosh, AM General win JLTV development contract

By Jeremy Herb - 08/23/12 01:11 PM ET

The Army and Marine Corps picked three contractors Wednesday evening for the next phase of their program to replace the aging Humvee fleet.

Lockheed Martin, Oshkosh and AM General each received contracts between $56 million and $66 million to develop prototypes for the Joint Light Tactical Vehicle, which the Army and Marines plan to use to replace Humvees and MRAPs.

The contracts are for a 27-month Engineering and Manufacturing Development (EMD) phase, where the companies will produce prototype vehicles for the government before it ultimately chooses a winner to produce the replacement fleet.

The JLTV program was threatened with cancellation last year due to the rising costs of the combat trucks, but the program was salvaged as the specs were altered to bring the price tag down.

The contractors have been tasked with providing a vehicle with a cost below $250,000.

The $190 million budgeted for the next phase of the JLTV contract will be provided in the 2013 and 2014 budgets.

Before the contract was awarded, Oshkosh invited reporters Wednesday to ride in its JLTV prototype in Stafford, Va.


Source:
http://thehill.com/blogs/defcon-hill/procurement/244947-lockheed-oshkosh-am-general-win-jltv-development-contract

More Videos »

DEFCON Hill Twitter - Click to follow
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.