WARRENVILLE, Ill.--(BUSINESS WIRE)--
Navistar Defense, LLC today announced that it received a delivery order
for 140 International® MaxxPro® Recovery vehicles with rocket-propelled
grenade (RPG) nets from the U.S. Marine Corps Systems Command. The order
for $142 million also includes parts and support for the Mine Resistant
Ambush Protected (MRAP) vehicles. Navistar received its first MaxxPro
Recovery vehicle order in November 2010.
"Many mission types require MRAP survivability protection and that
includes warfighters running vehicle recovery and support missions,"
said Archie Massicotte, president, Navistar Defense. "To meet urgent
needs, we completed delivery of the last MaxxPro Recovery vehicle order
two months ahead of schedule. We are proud that these vehicles are
performing well and we will work swiftly again to deliver these
additional trucks."
The MaxxPro Recovery vehicle is based on the same International®
WorkStar® platform that lends its flexibility to the company's growing
family of vehicles. MRAP ballistic, mine and improvised explosive device
(IED) protection aids two- to three-man crews as they retrieve damaged
or mission-disabled vehicles and carry out other support missions.
The company will produce the vehicles at its West Point, Miss., facility
where assembly of the recent MaxxPro Dash and Dash ambulance orders is
currently being conducted. Recovery vehicles will be integrated into the
running assembly line and will be delivered in October and November 2011.
"Today's orders are within our $1.9 billion guidance for fiscal year
2011 and add to our total vehicle fleet of more than 32,000 vehicles,"
said Massicotte. "Our vehicles are in use in 26 different countries, and
as we move forward, we will continue to provide fleet support whenever
and wherever they may be operating."
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,
331-332-2669
Investor contact: Heather Kos, 630-753-2406
Web
site: www.Navistar.com/newsroom
Source: Navistar International Corporation
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