WARRENVILLE, Ill., Jun 30, 2009 (BUSINESS WIRE) -- Navistar Defense, LLC today announced that it will continue to grow its business even though it was not selected to produce vehicles for the U.S. Army's Mine Resistant Ambush Protected (MRAP) All Terrain Vehicle (M-ATV) program.
"Navistar offers a unique value proposition of great manufacturing, engineering and sustainment capability," said Archie Massicotte, president, Navistar Defense. "While we recognize we can't win every new program, if it has a diesel engine and wheels, we will pursue it."
Beginning in 2007, Navistar gained recognition for its ability to rapidly deliver 6,444 MRAP vehicles in six major variants. Though its MRAP program was a big success, Navistar still has substantial military business, which includes foreign sales to Canada, Singapore, Taiwan and the United Kingdom. The company also continues to expand its parts and service offerings.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International(R) brand commercial and military trucks, MaxxForce(R) brand diesel engines, IC brand school and commercial buses, the Monaco(R), Holiday Rambler(R), Safari(R), Beaver(R), McKenzieTM and R-Vision(R) brand RVs, and Workhorse(R) 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 and service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.
The outcome of the Mine Resistant Ambush Protected All Terrain Vehicle program does not affect Navistar's previously stated 2009 guidance.
Media contact: Elissa Koc, 630-753-2669
Investor contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
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