OshKosh Corp. shares rose 12% in after-hours trading Tuesday after news that the company won a $6.7 billion contract with the U.S. military. Oshkosh will start producing 17,000 light trucks, called joint light tactical vehicles, this year, according to media reports. The trucks will replace the famed humvees as the U.S. military’s primary light combat vehicle. Oshkosh beat rival Lockheed Martin and AM General for the contract. Shares of Lockheed Martin rose 0.5%.
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