Oshkosh reports boost in defense sales

By Marjorie Censer / July 29, 2016 at 11:41 AM

Oshkosh Corp. said this week its defense segment saw sales in the most recent quarter jump 36 percent to reach $264 million.

"The increase in sales was primarily due to increased sales of Family of Heavy Tactical Vehicles," the company said. During the same quarter the prior year, Oshkosh "experienced a break in production under the FHTV program."

The segment reported quarterly profit of $19.1 million. In the same period a year earlier, Oshkosh's defense business lost $7.1 million.

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