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Lockheed Martin drops challenge to Oshkosh truck contract

Feb. 17, 2016 11:47 PM ETLockheed Martin Corporation (LMT) StockLMT, OSKBy: Carl Surran, SA News Editor3 Comments
  • 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.

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