Following JLTV Win, Oshkosh Defense Prepares To Boost Employment

By Marjorie Censer / September 3, 2015 at 3:10 PM
Following its win of the Joint Light Tactical Vehicle production contract, Oshkosh's defense business is adding employees and readying for a more predictable path forward. The company's defense sales have long been on the decline. In fiscal 2010, Oshkosh's defense unit reported revenues of almost $7.2 billion and profit of $1.3 billion, providing nearly all of the overall company's profit. But by FY-14, the defense group's sales had dropped to a fraction of that total, hitting $1.7 billion. The defense...

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