Oshkosh Defense Sales Fall

Oshkosh said today sales in its defense segment fell nearly 59 percent in the third quarter to hit $194.2 million.

The decrease, the company said, was a result of lower DOD sales "stemming from the break in production under the [Family of Heavy Tactical Vehicles] program and lower [Family of Medium Tactical Vehicles] requirements, as well as the absence of international sales of [Mine-Resistant, Ambush Protected All-Terrain Vehicles]."

The unit reported a loss of $7.1 million for the quarter, compared to profit of $19.1 million in the same period the prior year.