Shares of Oshkosh Corp (NYSE:OSK) ended Monday session in green amid volatile trading. The shares closed up +1.54 points or 3.03% at $52.42 with 1.97 million shares getting traded. Post opening the session at $51.56, the shares hit an intraday low of $51.50 and an intraday high of $52.89 and the price vacillated in this range throughout the day. The company has a market cap of $3.44 billion and the numbers of outstanding shares have been calculated to be 73.48 million shares.
On September 26, 2016 Oshkosh Defense, LLC, an Oshkosh Corporation (OSK) company, announced that the U.S. Army has placed a $42 million order that exercises available options for the Joint Light Tactical Vehicle (JLTV) program including vehicles, installed kits and packaged kits. The order is the third since the contract was awarded in August 2015. Work will be performed in Oshkosh, Wisconsin with an estimated completion date of November 2017.
“This latest order demonstrates that the JLTV continues to be a central piece of the Army’s future ground force and a modernization priority,” said Dave Diersen, Oshkosh Defense vice president of Joint Programs. “The JLTV program is moving forward with a focus on giving Soldiers and Marines the next generation light vehicle they need for their missions.”
The JLTV program will replace 55,000 of the U.S. Army and Marine Corps’ uparmored HMMWVs. The JLTV designed and manufactured by Oshkosh delivers unmatched performance, protection, networking and off-road mobility in a light vehicle package to support Soldiers and Marines as they perform missions outside the wire. Designed with room for growth as threats evolve, the JLTV’s scalable design is able to adapt to future requirements.
The Oshkosh JLTV, which will be on display at Modern Day Marine 2016 from September 27-29, is outfitted with an EOS R-400S-MK2 remote weapon system integrated with Orbital ATK’s M230 LF 30 mm lightweight automatic chain gun to demonstrate the vehicle’s ability to support increased lethality including a medium caliber weapon system.
Shares of Whirlpool Corporation (NYSE:WHR) ended Monday session in red amid volatile trading. The shares closed down -1.56 points or -0.96% at $160.61 with 569,722.00 shares getting traded. Post opening the session at $161.63, the shares hit an intraday low of $159.76 and an intraday high of $161.83 and the price vacillated in this range throughout the day. The company has a market cap of $11.96 billion and the numbers of outstanding shares have been calculated to be 75.44 million shares.
Whirlpool Corporation (WHR) on Aug. 22, 2016 announced plans to expand its Greenville, Ohio Factory Distribution Center (FDC), which services all global shipments of KitchenAid® small appliances.
The project — which will nearly double the FDC from 327,000 square feet to approximately 650,000 — builds upon Whirlpool Corporation’s commitment to American manufacturing and reinforces Greenville as the global hub of the company’s small appliances business.
“This groundbreaking is a testament both to the success of our global KitchenAid business as well as our commitment to domestic operations in the U.S. and Ohio,” said Ken Hossler, Plant Lead at the Greenville FDC. “We’re continuing to invest in Ohio due to the skilled and talented workforce here, and are looking forward to this expansion’s role in our continued growth.”