WARRENVILLE, Ill., Jan 05, 2010 (BUSINESS WIRE) -- Navistar Defense, LLC today announced that it has made a new foreign
military sale to the Israel Ministry of Defense. Under the $12 million
contract, Navistar will deliver 114 medium tactical vehicles by June
2010.
In addition to the Israel contract, the company also received a second
four-year, System Technical Support (STS) contract for up to $78 million
to support its International(R) MaxxPro(R) Mine
Resistant Ambush Protected (MRAP) vehicles.
"Medium tactical vehicles provide a solid base for our U.S. business and
our ability to customize these vehicles allows Navistar to also support
the mission needs of allied armed forces," said Archie Massicotte,
president, Navistar Defense. "We are honored to help serve U.S. allies
and we will continue to focus on growing our foreign military sales in
2010."
Based on Navistar's commercial International(R) WorkStar(R),
or 7000 Series, platform, vehicle variants for Israel will include
cargo, recovery and tow trucks. Parts and service are not included in
the contract.
Though the company will target growth in markets outside the United
States as part of its 2010 strategy, the company remains dedicated to
its U.S. customers. Under Navistar's four-year STS contract, the company
will provide hardware to accompany work conducted under the previous
MRAP STS engineering award announced November 9, which is also a
four-year contract for up to $78 million. Navistar's STS awards allow
the company to improve MaxxPro MRAP vehicle reliability, support combat
issues encountered in theater, as well as provide new vehicle
enhancements.
"As one of the leading providers of MRAP vehicles, we have a duty to
evolve our vehicles to help counter changing in-theater threats," said
Massicotte. "Both our STS contracts will enable us to quickly serve
those who require new vehicle features to tackle the road - or lack of
road - in Afghanistan."
The company currently supports several vehicle fleets for the U.S. armed
forces, including more than 6,400 MaxxPro MRAP vehicles.
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 Bus(TM) brand school and commercial buses, Monaco RV brands of
recreational vehicles, 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 service
parts. Another affiliate offers financing services. Additional
information is available at www.Navistar.com/newsroom.
SOURCE: Navistar Defense, LLC
Navistar International Corporation
Media contact: Elissa Koc, 630-753-2669
Investor contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
Copyright Business Wire 2010