Rochester, NY 7/7/2009 3:48:19 AM
End of Day Report - OSK - Hiring Optimistic for Oshkosh Corporation - Sourced WhisperFromWallStreet.com
Oshkosh Corporation
End of Day Report - OSK - Hiring Optimistic for Oshkosh Corporation - Sourced WhisperFromWallStreet.com
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OSHKOSH CP,OSK
They came, one after another, eager to fill out job applications at a manufacturing company that would soon be hiring, one that had just won a government contract potentially worth billions of dollars. Some had resumes, but many of the job seekers who showed up at Oshkosh Corp. last week sought only to get their names on the hiring list. From news reports, they knew the company would need additional help to build thousands of U.S. military vehicles for the expanded war in Afghanistan. All across town, the big military contract was the topic of hopeful conversation. The announcement Tuesday had lifted almost everyone's spirits, even if they never plan to work on the truck-maker's assembly lines. "It's the opposite of losing jobs, and that's good news," said Aaron Baer, co-owner of the New Moon Cafe on Main St. The initial contract, for $1.06 billion, could be worth much more in coming years as the military seeks a lighter, more agile vehicle that's similar to ambush-protected vehicles used in Iraq but is more suited for the rugged terrain in Afghanistan.
About
Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles and vehicle bodies worldwide. The companys Access Equipment segment offers aerial work platforms, telehandlers, scissor lifts, and vertical masts used in various industrial, institutional, construction, and general maintenance applications. Its Defense segment manufactures severe-duty, heavy, and medium-payload tactical trucks for the Department of Defense, including hauling tanks, missile systems, ammunition, fuel, and cargo for combat units. The companys Fire and Emergency segment provides custom and commercial fire apparatus and emergency vehicles, including pumpers, aerial and ladder trucks, tankers, light and heavy-duty rescue vehicles, wildland rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles.
Last Trade: 21.48
Day's Range: 19.41 - 21.70
52wk Range: 3.85 - 20.95
Volume: 6,208,052
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