Oshkosh Defense sales decrease after JLTV contract loss

By Nickolai Sukharev / October 26, 2023 at 1:21 PM
After losing a production contract for tactical vehicles, Oshkosh Defense experienced a loss in sales in the third quarter but expects a “strong” fourth quarter and production capacity to increase, according to the company’s earnings call, today. “We expect the fourth quarter to be the strongest of the year as a result of a richer aftermarket parts mix,” John Pfeifer, the company’s president, said during the call. Oshkosh Defense experienced a 3.6% loss in the third quarter of 2023, a...

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