JLTV Award Could Reorder Vehicle Industry - DefenseNews.com
WASHINGTON — The US Army is poised to award a contract for the Joint Light Tactical Vehicle (JLTV), its Humvee replacement, in the coming days — a much anticipated milestone with the power to reshape the ground vehicles industry. One of three competitors, AM General, Oshkosh Defense and Lockheed Martin, will walk away with a contract for three years of low-rate initial production and five years of full-rate production, for a total of 49,100 for the Army and 5,500 for the... "Everybody needs this, and one thing I get asked a lot is who needs the contract the most," said James Tinsley, managing partner of Avascent, a strategy and management consulting firm. The winning firm or team would build 17,000 vehicles for the Army and Marines in the first three years of low-rate initial production, followed by five years of full-rate production, according to a Congressional Research Service report. The first Army unit would be equipped with the vehicles in fiscal 2018, and its acquisition would be complete in 2040. The Marine Corps would begin its buy at the start of production and finish in fiscal 2022. Though full-rate production is set... Source: www.defensenews.com
