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<blockquote data-quote="Weather Man" data-source="post: 16583653" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Oshkosh soars, Workhorse sinks after USPS contract announcement</strong></span></p><p>Feb. 23, 2021 3:19 PM ET<a href="https://seekingalpha.com/symbol/OSK?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AOSK" target="_blank">Oshkosh Corporation (OSK)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor<a href="https://seekingalpha.com/news/3665085-oshkosh-soars-workhorse-sinks-after-usps-contract-announcement#comments" target="_blank">148 Comments</a></p><ul> <li data-xf-list-type="ul">Oshkosh (<a href="https://seekingalpha.com/symbol/OSK?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">OSK</a> +7.5%) pops after the USPS awards a 10-year contract to the company to manufacture a new generation of U.S.-built postal delivery vehicles as part of a dramatic modernization of the USPS fleet.</li> <li data-xf-list-type="ul">Under the contract's initial $482M investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle, which is a purpose-built, right-hand-drive vehicle for mail and package delivery. Oshkosh is tasked with assembling 50K to 165K of the vehicles over 10 years.</li> <li data-xf-list-type="ul">The next-gen vehicles will be equipped with either fuel-efficient internal combustion engines or battery electric powertrains and can be retrofitted to keep pace with advances in electric vehicle technologies.</li> <li data-xf-list-type="ul">The initial investment includes plant tooling and build-out for the U.S. manufacturing facility where final vehicle assembly will occur. The contract is the first part of a multi-billion-dollar 10-year effort to replace the Postal Service's delivery vehicle fleet.</li> <li data-xf-list-type="ul">Source: <a href="https://seekingalpha.com/pr/18204322-u-s-postal-service-awards-contract-to-launch-multi-billion-dollar-modernization-of-postal?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">Press Release</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16583653, member: 137766"] [size=6][b]Oshkosh soars, Workhorse sinks after USPS contract announcement[/b][/size] Feb. 23, 2021 3:19 PM ET[URL='https://seekingalpha.com/symbol/OSK?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AOSK']Oshkosh Corporation (OSK)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor[URL='https://seekingalpha.com/news/3665085-oshkosh-soars-workhorse-sinks-after-usps-contract-announcement#comments']148 Comments[/URL] [LIST] [*]Oshkosh ([URL='https://seekingalpha.com/symbol/OSK?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']OSK[/URL] +7.5%) pops after the USPS awards a 10-year contract to the company to manufacture a new generation of U.S.-built postal delivery vehicles as part of a dramatic modernization of the USPS fleet. [*]Under the contract's initial $482M investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle, which is a purpose-built, right-hand-drive vehicle for mail and package delivery. Oshkosh is tasked with assembling 50K to 165K of the vehicles over 10 years. [*]The next-gen vehicles will be equipped with either fuel-efficient internal combustion engines or battery electric powertrains and can be retrofitted to keep pace with advances in electric vehicle technologies. [*]The initial investment includes plant tooling and build-out for the U.S. manufacturing facility where final vehicle assembly will occur. The contract is the first part of a multi-billion-dollar 10-year effort to replace the Postal Service's delivery vehicle fleet. [*]Source: [URL='https://seekingalpha.com/pr/18204322-u-s-postal-service-awards-contract-to-launch-multi-billion-dollar-modernization-of-postal?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']Press Release[/URL] [/LIST] [/QUOTE]
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