- Lockheed Martin (NYSE:LMT) says it is dropping its protest of the loss of a contract to Oshkosh (NYSE:OSK) to build nearly 17K new trucks for the U.S. Army and Marine Corps.
- LMT had sued the Defense Department after failing to win the $6.75B deal to build the joint light tactical vehicles.
- A federal claims court judge last week denied LMT's request for a preliminary injunction that would have forced OSK to stop work on the program.
Lockheed Martin drops challenge to Oshkosh truck contract
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