Navistar Defense Receives $123 Million MRAP Order
Company Continues to Leverage Existing Assets for Growth
WARRENVILLE, Ill. - Navistar Defense, LLC today announced that it received a $123 million delivery order for an additional 175 International® MaxxPro® Dash vehicles with DXM™ independent suspension. The order from the U.S. Marine Corps Systems Command also includes parts for the company’s Mine Resistant Ambush Protected (MRAP) vehicles.
The MaxxPro Dash award comes on the heels of the company’s November 22 award for MaxxPro Recovery vehicles. Navistar has continued to grow its product offerings by leveraging its current commercial capabilities and assets, which includes the proven commercial International® WorkStar® platform. This business strategy not only allows the company to respond quickly to vehicle orders, but it simplifies the integration of vehicle enhancements and the development of new truck variants.
“We are honored to provide additional MaxxPro Dash vehicles so soon after receiving last month’s award for Recovery vehicles,” said Archie Massicotte, president, Navistar Defense. “This award is an element in a strategy that allows us to build our business around a revenue base of $1.5 to $2.0 billion. Another important element is our commitment to keeping warfighters safe.”
Since 2007, the company has been contracted to produce more than 8,000 (7,839 + 175) MaxxPro MRAP units. While the MaxxPro family of vehicles has contributed to Navistar’s growth into new markets, the company has received orders for more than 30,000 vehicles since 2004. This includes sales of the MaxxPro, International® MXT™, as well as vehicles based on the International® PayStar® and WorkStar platforms.
MaxxPro Dash vehicles are powered by MaxxForce® 9.3D engines. Production of the new units will be completed by Summer 2011.
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 Statements
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