26th Aug 2015 05:35
LONDON (Alliance News) - Defence contractor BAE Systems PLC has lost out on a bid to build the next generation of mine-resistant humvees for the US military, a deal which would have been worth around USD6.7 billion, The Times reported.
BAE was part of a Lockheed Martin-led consortium which was on a three-strong shortlist to build the new vehicle, competing with Oshkosh Corp and AM General, the newspaper said.
Oshkosh, the Wisconsin-based truck maker, won the contract, under which it will build 17,000 of an eventual 55,000 Joint Light Tactical vehicles for the US Army and the Marine Corps.
http://www.thetimes.co.uk/tto/business/industries/engineering/article4538429.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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