Navistar Defense, LLC today announced that it received both a contract
extension and a delivery order to support Afghanistan Security Forces.
The $28 million order from the U.S. Army TACOM Life Cycle Management
Command calls for 194 general troop transport vehicles. The contract
extension runs through December 2011 and has a ceiling of $83 million to
allow for additional vehicle orders and support packages.
"Supporting the Afghanistan Security Forces has been one of our
initiatives since 2005 and it is essential for our nation’s success,”
said Archie Massicotte, president, Navistar Defense. "Today we have
nearly 12,000 Navistar vehicles serving in security and rebuilding
missions with Afghan forces. All of those vehicles leverage our current
commercial platforms and we’ll continue to support those units
throughout their 15-20 year lifecycles.”
Under the delivery order, Navistar will provide general troop transport
vehicles based on the International® 7000-MV, or WorkStar®, platform as
well as parts. Other variants currently serving in Afghanistan include
wreckers, water tankers and fuel trucks.
"Providing vehicles to allied forces continues to be one piece of our
business strategy,” said Massicotte. "While we are always pursuing new
sales, providing sustainment services to our fleet of more than 32,000
vehicles also keeps us on track with our goal to maintain a $1.5 to $2
billion revenue base.”
Production will occur at the company’s Garland, Texas, and West Point,
Miss., assembly facilities.
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 Statement
Information provided and statements contained in this report that are
not purely historical are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, Section 21E of
the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements only speak as of the date of this report and the company
assumes no obligation to update the information included in this report.
Such forward-looking statements include information concerning our
possible or assumed future results of operations, including descriptions
of our business strategy. These statements often include words such as
"believe," "expect," "anticipate," "intend," "plan," "estimate," or
similar expressions. These statements are not guarantees of performance
or results and they involve risks, uncertainties, and assumptions. For a
further description of these factors, see Item 1A, Risk Factors of our
Form 10-K for the fiscal year ended October 31, 2010, which was filed on
December 21, 2010. Although we believe that these forward-looking
statements are based on reasonable assumptions, there are many factors
that could affect our actual financial results or results of operations
and could cause actual results to differ materially from those in the
forward-looking statements. All future written and oral forward-looking
statements by us or persons acting on our behalf are expressly qualified
in their entirety by the cautionary statements contained or referred to
above. Except for our ongoing obligations to disclose material
information as required by the federal securities laws, we do not have
any obligations or intention to release publicly any revisions to any
forward-looking statements to reflect events or circumstances in the
future or to reflect the occurrence of unanticipated events.
