WARRENVILLE, Ill.--(BUSINESS WIRE)--
Navistar Defense, LLC today announced that it received a $183 million
delivery order for 250 International® MaxxPro® Dash ambulances with DXM™
independent suspension. The order from the U.S. Marine Corps Systems
Command for Mine Resistant Ambush Protected (MRAP) vehicles falls under
the company's existing indefinite delivery / indefinite quantity
contract and is Navistar's ninth major MRAP variant.
"Survivability and mobility continue to be key capabilities required to
help our warfighters complete their missions safely," said Archie
Massicotte, president, Navistar Defense. "Medics face the same threats
on the battlefield and we are proud to provide them with a vehicle that
offers both MRAP level protection and independent suspension for
off-road mobility."
The MaxxPro Dash ambulance is the company's latest MRAP variant and
follows Navistar's November and December orders for MaxxPro Dash and
Recovery vehicles. The company first unveiled its Dash Ambulance at the
Association of the United States Army (AUSA) Annual Meeting and
Exposition in October 2010 as a retrofit kit option for existing MaxxPro
variants.
The vehicle includes an easy-to-use litter assist system as well as a
protected work space benefitting medics and patients. This solution,
paired with the company's DXM independent suspension, helps medical aid
navigate rough terrain to complete its mission. Navistar currently
supports a fleet of more than 8,000 MaxxPro vehicles.
"All our MaxxPro units share commonality and this allows us to respond
rapidly to changing mission needs with vehicle enhancements and fleet
support," said Massicotte. "This flexibility extends across our other
vehicle fleets and is just one piece of a business strategy that moves
us steadily toward our goal revenue base of $2 billion."
Production will occur at the company's West Point, Miss., facility.
Deliveries are scheduled to begin in June and be completed by the end of
September 2011.
In addition to the Dash ambulance order, Navistar last week received a
$13 million delivery order for MRAP field service representatives,
instructors and mechanics. The order was placed by the Marine Corps
Systems Command under the company's existing MRAP contract. Work will be
completed in Kuwait.
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 www.Navistar.com/newsroom.
Forward-Looking Statement
Information provided and statements contained in this report that are
not purely historical are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, Section 21E of
the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements only speak as of the date of this report and the company
assumes no obligation to update the information included in this report.
Such forward-looking statements include information concerning our
possible or assumed future results of operations, including descriptions
of our business strategy. These statements often include words such as
"believe," "expect," "anticipate," "intend," "plan," "estimate," or
similar expressions. These statements are not guarantees of performance
or results and they involve risks, uncertainties, and assumptions. For a
further description of these factors, see Item 1A, Risk Factors of our
Form 10-K for the fiscal year ended October 31, 2010, which was filed on
December 21, 2010. Although we believe that these forward-looking
statements are based on reasonable assumptions, there are many factors
that could affect our actual financial results or results of operations
and could cause actual results to differ materially from those in the
forward-looking statements. All future written and oral forward-looking
statements by us or persons acting on our behalf are expressly qualified
in their entirety by the cautionary statements contained or referred to
above. Except for our ongoing obligations to disclose material
information as required by the federal securities laws, we do not have
any obligations or intention to release publicly any revisions to any
forward-looking statements to reflect events or circumstances in the
future or to reflect the occurrence of unanticipated events.
Navistar International Corporation
Media Contact:
Elissa
Koc, 630-753-2669
or
Investor contact:
Heather Kos,
630-753-2406
Web site: www.Navistar.com/newsroom
Source: Navistar International Corporation
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