08:52 AMOshkosh Truck (OSK): FQ4 EPS of $0.27 beats by $0.11. Revenue of $1.49B (-19.8%) vs. $1.4B. "We expect to be solidly profitable in fiscal 2010, led by significant revenue growth in our defense business, which should more than offset anticipated low demand at our construction-related businesses." Shares +3.8% premarket. (PR)
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12:11 PM
Oshkosh Truck (OSK +0.4%) is forced to halt work on a multibillion-dollar truck contract for the U.S. army after two losing bidders - BAE Systems and Navistar International (NAV -0.75%) - file protests with the GAO. In a note titled Moan, moan, moan, defense analyst Rob Stallard says the protest is the latest in a series filed on major defense programs, and that protests now appear to be "standard practice for the industry."
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Thursday, August 27, 2009
09:49 AM
U.S. Army picks Oshkosh Defense (OSK +9.8%) to produce the FMTV (Family of Medium Tactical Vehicles). First order is valued at $281M for 2,568 trucks and trailers. (PR)
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07:24 AMOshkosh Truck (OSK): FQ3 EPS of -$0.30 misses by $0.12. Revenue of $1.23B (-36.1%) vs. $1.38B. "For Q4, we expect solid performance from our defense and fire & emergency segments, while we expect that our access equipment and commercial segments will both continue to face tough market conditions." (PR)
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13:56 PM
Shares of military-vehicles maker Force Protection (FRPT) are -40%. Oshkosh Truck's (OSK +27%) win of a lucrative $1.06B DoD conract is FRPT's loss.
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09:10 AM
Oshkosh Truck (OSK) +29% premarket after scoring a $1.06B order from the DoD for all-terrain trucks to protect troops in Afghanistan from roadside bombs.
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07:09 AMOshkosh Truck (OSK): FQ4 EPS of $0.72 beats by $0.05. Revenue of $1.9B (+5.8%) vs. $1.82B. Expects continued weakness in economies worldwide to significantly affect sales in 2009. (PR)
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