Lockheed, Oshkosh, AM General win JLTV development contract

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.

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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.