In 2015, the U.S. Army awarded Oshkosh Corporation a contract to develop and produce a successor to the Humvee called the Joint Light Tactical Vehicle. The program has turned out to be a smashing success, delivering the first light military truck that is sufficiently fast, protected and versatile to maneuver with combat forces. Oshkosh not only has built 18,000 vehicles on schedule, but at a price per vehicle 17% less than what the Army was expected. Now the company is offering an electrically-powered version of JLTV that saves money on fuel, can run silently on the battlefield, and requires no fixed infrastructure to recharge. Oshkosh’s success on the Joint Light Tactical Vehicle demonstrates why it has gradually come to be the Army’s sole provider of heavy, medium and light trucks. The company consistently out-performs rivals on price and performance, and never loses its sense of urgency about the mission. I have written a commentary for Forbes here.
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