Oshkosh Corp Prepared For Fewer Military Contracts

2/15/12 – The Oshkosh Corporation could be among the biggest losers in President Obama’s federal budget — but the maker of military vehicles says it’s ready for the hit. U-S troops have already pulled out of Iraq, and Obama wants to get them out of Afghanistan. He has proposed 600-million dollars less in the next fiscal year for the heavy tactical vehicles made by Oshkosh. The Pentagon’s spending plan includes 11-billion-dollars for ground vehicles for the year starting October first. That’s 32-percent less than the current year. Oshkosh spokesman John Daggett says the company has anticipated the big cut. Meanwhile, the status remains uncertain for the next major contract on the horizon for Oshkosh and other vehicle-makers — 20-billion dollars to replace an aging fleet of Humvees.