Hello, Guest!
  • Friday, November 22, 2024

Oshkosh Closes Pratt Miller Buy; John Pfeifer Quoted

Oshkosh (NYSE: OSK) has closed its acquisition of engineering company Pratt Miller in a debt- and cash-free transaction worth approximately $115M.

“This acquisition will allow us to leverage Pratt Miller’s experience and innovation in areas such as artificial intelligence, robotics, autonomous and connected systems and electrification, positioning our Company for future growth,” John Pfeifer, president and chief operating officer of Oshkosh, said in a statement published Tuesday.

Pratt Miller will retain its name, branding, facilities and team members and Oshkosh said the acquisition will provide the company immediate access to additional engineering expertise.

Oshkosh first announced the transaction in mid-December.

Video of the Day

Related Articles

State Department Clears Potential $975M HIMARS Launcher Sale to Australia News

State Department Clears Potential $975M HIMARS Launcher Sale to Australia

The State Department has approved Australia’s request to procure up to 22 M142 High Mobility Artillery Rocket System launchers and related equipment from the U.S. government under a potential $975 million foreign military sale agreement. The proposed FMS transaction includes unitary and alternative warhead missile pods for the Guided Multiple Launch Rocket System and its

AM General Wins Army’s Joint Light Tactical Vehicle Production Recompete Contract Awards

AM General Wins Army’s Joint Light Tactical Vehicle Production Recompete

The U.S. Army has awarded AM General a potential 10-year, $8.66 billion contract to produce up to 20,682 Joint Light Tactical Vehicles and 9,883 JLTV trailers for the joint force and foreign military sales customers.  The recompete contract has a five-year base ordering period and five option years, the Army said Thursday. “From the start

Taiwan’s Mine Delivery System Procurement Request Gets State Department Clearance Contract Awards

Taiwan’s Mine Delivery System Procurement Request Gets State Department Clearance

The State Department has approved Taiwan’s request to buy Volcano anti-tank munition-laying systems mounted on M977A4 heavy expanded mobility tactical trucks, related equipment and services through a potential $180 million foreign military sales agreement with the U.S. government. Northrop Grumman (NYSE: NOC) and Oshkosh (NYSE: OSK) will serve as principal contractors in the proposed transaction