Friday, May 28, 2010

DTN News: Navistar Defense Receives $61 Million To Support Allied MRAP Needs Vehicles To Operate in Afghanistan

Defense News: DTN News: Navistar Defense Receives $61 Million To Support Allied MRAP Needs Vehicles To Operate in Afghanistan
Source: DTN News / Navistar Defense, dated May 26, 2010
(NSI News Source Info) WARRENVILLE, Ill. - May 28, 2010: Navistar Defense, LLC May 26, completed two foreign military sales worth a total of $61 million for 80 enhanced International® MaxxPro® Dash Mine Resistant Ambush Protected (MRAP) vehicles with DXM™ independent suspension.
The awards from the U.S. Marine Corps Systems Command include parts and service support. Vehicles will support coalition forces.
“U.S. and coalition forces share a common mission in Afghanistan and we are proud to provide vehicles to support that joint objective,” said Archie Massicotte, president, Navistar Defense. “We continue to focus on the quick delivery of MaxxPro vehicles to help our U.S. and allied forces complete their missions safely.”
The enhanced MaxxPro Dash with DXM suspension offers vehicle operators a turning radius of 54 inches, approximately 14.5 inches of wheel travel as well as a number of enhanced capabilities. Upgrades have been made to the windows and doors, which continue to utilize an air-hydraulic system to ensure doors function in the most extreme situations.
The company is currently delivering new Dash units with DXM suspension to U.S. Forces and will begin deliveries to several allies at the end of June. Navistar is the leading provider of Category I MRAPs with 7,589 MaxxPro units on contract.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at
This opportunity was considered in the updated 2010 guidance given in the April 8, 2010 analyst presentation.
Media Contact: Elissa Koc, 630-753-2669
Investor contact: Heather Kos, 630-753-2406

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