WASHINGTON — Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. Initially slated to… Read More »New Postal Vehicle contract awarded to Oshkosh. The USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a subsidiary of Oshkosh Corp, in February. Under the initial $482 million investment, Oshkosh Defense, a unit of Oshkosh Corp, will finalize the production design, testing and vehicle tooling necessary […]. WASHINGTON, DC — The U. The contract could be worth more than $6 billion in total. As you may know, the United States Postal Service (USPS) recently awarded a contract for their Next Generation Delivery Vehicle program to replace the aging USPS fleet. "It is far past time to bring the United States Postal Service into the 21st century," said Rep. - Today, Congresswoman Marcy Kaptur (D-OH), Chairwoman of the House Appropriations Subcommittee on Energy and Water Development and co-Chair of the House Auto Caucus, released the following statement. Workhorse said this lobbying violated a nondisclosure agreement as well as ground rules that Oshkosh was required to sign. ***Directly from Romeo Power's investors presentation - Updated in October, 2020. plunged on Tuesday, triggering multiple trading halts, after a key U. Feb 23, 2021 · The Postal Service anticipates Oshkosh will produce between 50,000 and 165,000 NGDVs under the initial contract. postal workers are soldiering on in their aging, spartan Grumman LLV trucks as Workhorse challenges the contract awarded Oshkosh to replace them. Under the. House lawmakers introduced legislation on Tuesday calling on the U. USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a subsidiary of Oshkosh Corp. Postal Service delivery-truck deal to Oshkosh Corp. 5%) pops after the USPS awards a 10-year contract to the company. USPS delivery vans are in desperate need of updating, and earlier in the year, USPS awarded a multi-billion contract to Oshkosh Defense to manufacture the next generation of delivery vehicles. Feb 26, 2021 · New York, February 26, 2021 -- Moody's Investors Service said that the February 23 awarding of a 10-year contract to Oshkosh Corporation (Baa3 stable) to produce the US Postal Service's (USPS) next generation delivery vehicle (NGDV) is credit positive because it adds another stream of relatively predictable revenue once the production is fully. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New. Postal Service (USPS) announced today that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK), an indefinite delivery, indefinite quantity (IDIQ) contract to produce the Next Generation Delivery Vehicle (NGDV), the USPS's first large-scale fleet procurement in three decades. The new fleet will be a mix of internal combustion engines and battery electric engines, will have more room for packages, and will include heating/air conditioning as well as some other high-tech features. The investment is part of the Postal Service’s soon-to-be-released, 10-year plan to become the “preferred delivery service. 9th 2021 5:47 pm PT. The Oshkosh Defense contract is an agreement for the company to produce a delivery fleet of 165,000 trucks. Workhorse shares plunge as USPS picks Oshkosh for new fleet contract Workhorse shares are down nearly 50 percent after losing the deal for a new fleet contract with the USPS. - Today, Congresswoman Marcy Kaptur (D-OH), Chairwoman of the House Appropriations Subcommittee on Energy and Water Development and co-Chair of the House Auto Caucus, released the following statement after she introduced a House Resolution calling on. Shares of Workhorse Group, an. The contract, announced Feb. Postal Service's upcoming Next Generation Delivery Vehicles (NGDV) here. Postal Service. Feb 23, 2021 · USPS Selects Oshkosh for EV Contract Over Workhorse. On Tuesday afternoon, the USPS awarded a 10-year, $485-million contract to Oshkosh Defense. Advertisement Remember, this is a six billion dollar contract at stake. Feb 24, 2021 · The U. Postal Service officials to learn more about why it lost a lucrative delivery vehicle contract. (NYSE: F) could gain a share of the multi-billion-dollar delivery vehicle contract awarded by the United States Postal Service to Oshkosh Corp. This contract was awarded to Oshkosh Corporation and is worth up to $6 billion. The contract allows for the delivery of 50,000 to 165,000. Postal Service (USPS) release a contract it awarded to Oshkosh Corp that could be. It looks like Oshkosh Defense has won the contract to build the USPS' next generation delivery vehicles, replacing the Grumman LLV fleet. Postal Service (USPS) announced in February 2021 that Oshkosh Defense was awarded a contract to replace its aging fleet of mail-delivery trucks. Postal Service "put its thumb on the scale" against the company when the USPS awarded a contract for mail delivery trucks to Oshkosh Corp. a contract to supply the United States Postal Service with its next generation of vehicles—but some members of the House of. Microvast is/will be working with these companies to produce low cost li-ion batteries and EVs, respectively. USPS delivery vans are in desperate need of updating, and earlier in the year, USPS awarded a multi-billion contract to Oshkosh Defense to manufacture the next generation of delivery vehicles. WASHINGTON, DC — The U. This contract is the first in more than 30 years for postal delivery vehicles, and Oshkosh will receive an initial payment of $482 million to begin final design and tooling work before production. "These blatant breaches appear to have had zero effect on the USPS's decision to award Oshkosh a contract worth up to $3. , began introducing legislation Monday and questioned the USPS contract issued to Oshkosh, Wis. The government has financed many startups, notably database maker Oracle. (NYSE: OSK) on Tuesday, the Detroit. Workhorse, of course, wants to overturn the award made to truck maker Oshkosh (OSK) or, at least, win part of the. (NYSE; OSK) Feb. Postal Service announced yesterday it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. WASHINGTON — The U. USPS awarded a 10-year contract to Oshkosh's unit, Oshkosh Defense, to replace the Postal Service's aging delivery vehicle fleet. USPS expects the first delivery vehicles will arrive on delivery routes by 2023. Kaptur Introduces Resolution Calling for Halt to USPS-Oshkosh Contract in Light of Failure to Meet Electric Vehicle Standards Washington, D. Postal Service currently plans for only 10% had won a long-delayed $6 billion contract to replace the service's fleet of gas-guzzling postal trucks. "We are pleased to share that this work will be conducted right here in Oshkosh, Wisconsin," Bryant said. Workhorse Hasn't Challenged USPS Contract Award to Oshkosh. SPARTANBURG, SC—Defense contractor Oshkosh has won the $6 billion contract to build the U. Workhorse Plunges 8. Postal Service (USPS) said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. The government has financed many startups, notably database maker Oracle. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Green Day for USPS -. Oshkosh, through its Oshkosh Defense unit, won out over five other companies vying for the contract, which calls for the delivery of up to 165,000 vehicles over 10. "It is far past time to bring the United States Postal Service into the 21st century," said Rep. His legislation would. Shares of Workhorse Group , an Ohio-based electric-vehicle company that was competing for the contract, dropped by nearly 50% the next day and have barely recovered since then. The multi-billion-dollar contract with Oshkosh begins the process to replace and expand the Postal Service's aging delivery-vehicle fleet. Postal Service (USPS) announced today that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK), an indefinite delivery, indefinite quantity (IDIQ) contract to produce the Next Generation Delivery Vehicle (NGDV), the USPS’s first large-scale fleet procurement in three decades. WASHINGTON, Feb. The agency said Tuesday that it awarded a 10-year, multibillion-dollar contract to Wisconsin-based Oshkosh Defense to. The USPS announced on Feb. The United States Postal Service took the wraps off the design of a new postal delivery vehicle that will be produced by Wisconsin-based Oshkosh Defense under a 10-year contract starting in 2023. Meanwhile, Oshkosh shares fell 1. Postal Service announced yesterday it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Mar 09, 2021 · A Democratic congressman is demanding that the Securities and Exchange Commission investigate a shady $54 million purchase of Oshkosh Corporation stock just hours before scandal-ridden Postmaster General Louis DeJoy announced the decision to award that company with a lucrative 10-year contract to produce a new, largely gasoline-powered fleet of U. (February 23, 2021) — The U. WKHS Shares Tumble Almost 50%, Workhorse Group Loses USPS Contract to Rival Oshkosh Feb 24 2021 · 11:25 UTC | Updated Feb 24 2021 · 11:53 by Benjamin Godfrey · 3 min read Photo: Workhorse Group. This will allow Oshkosh to finalize the design of the NGDV, and to begin the tooling of an assembly plant. (NYSE: OSK) won a 10-year contract to build next-generation delivery vehicles (NGDVs) for the U. The contract could be worth more than $6 billion. However, that decision didn't go over well with three lawmakers, who recently called on USPS to freeze the contract amid some. OSHKOSH, Wis. plunged on Tuesday, triggering multiple trading halts, after a key U. An initial investment of $482 million will help finalize the. Workhorse (ticker: WKHS) and Oshkosh were among the bidders to replace the Postal Service’s white, right. 4 billion in revenue in the 2019 fiscal year. The USPS plans to spend $482 million initially on the new trucks, but the sum. Postal Service (USPS) announced a 10-year, $6 billion dollar contract with Oshkosh Defense for new mail trucks, but only 10% will. Postal Service announced yesterday it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. (WLUK) -- An Ohio company says the U. The investment is part of the Postal Service's soon-to-be-released, 10-year plan to become the "preferred delivery service. Workhorse shares plunge as USPS picks Oshkosh for new fleet contract Workhorse shares are down nearly 50 percent after losing the deal for a new fleet contract with the USPS. WASHINGTON — The U. as location for. Postal Service awarded a contract for new mail delivery trucks earlier this year. Feb 24, 2021 · The U. 5%) pops after the USPS awards a 10-year contract to the company to manufacture a new generation of U. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Advertisement Remember, this is a six billion dollar contract at stake. Microvast is/will be working with these companies to produce low cost li-ion batteries and EVs, respectively. Subscribe Digg del. Attorneys for Oshkosh Defense, the USPS vehicle award recipient, went one step further in the motion to dismiss it filed Monday, saying both its electric and fossil fuel-powered prototypes were more cost-effective and. (NYSE: OSK) won a 10-year contract to build next-generation delivery vehicles (NGDVs) for the U. plunged on Tuesday, triggering multiple trading halts, after a key U. Kaptur Introduces Resolution Calling for Halt to USPS-Oshkosh Contract in Light of Failure to Meet Electric Vehicle Standards. Postal Service will finally get new high-tech mail delivery trucks. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. The competitively awarded contract allows for the delivery of…. 3% After Losing USPS Contract To Oshkosh. Huffman also expressed concern to Reuters that he's been unable to view the Oshkosh contract in its entirety. 27 on Tuesday. (February 23, 2021) — The U. A runner-up says the USPS favored its competitor all along. Postal Service (USPS) decision in February to award a. USPS Selects Oshkosh for EV Contract Over Workhorse. In February, the U. Feb 23, 2021 · USPS Selects Oshkosh for EV Contract Over Workhorse. -built postal delivery vehicles that will drive. However, this decision has run into a bit of a potential snag, as three lawmakers are now calling on USPS to freeze the contract amid. As we reported last month, the United States Postal Service awarded Oshkosh Defense with a $6 billion dollar contract to build a new delivery vehicle that will replace the current Grumman Long Life Vehicle (LLV), which Ford could potentially supply engines for. Electric-vehicle maker Workhorse Group Inc. My former employer did not want to shell out that cold hard cash. However, last month, USPS awarded Oshkosh (NYSE: OSK) the contract. I'd think Tesla could partner with someone. The Postal Service in 2016 awarded contracts to. Section D7: Terms and Conditions for Subcontracts Issued in support of United States Postal Service Next Generation Delivery Vehicle, Contract No. asking him to take a look at the Oshkosh. The historic investment is part of a soon-to-be-released plan. The award has been protested by losing bidder Workhorse. Workhorse is considering. USPS contract with Oshkosh is for 165,000 trucks over the next 10 years; that is a pretty substantial contract. But on Feb. I know a lot of us are waiting on this play since for the end of march. Sherrod Brown wrote to President Biden. The 59-page lawsuit alleges that the Postal Service's secretive evaluation process was flawed from the outset because the agency "put its thumb on the scale" against Workhorse. The initial investment will. Under the contract's initial $482-million investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose. The contract could be worth more than $6 billion in total. Oshkosh Truck Corp. The USPS contract. Feb 24, 2021 · The postal agency will pay Oshkosh $482 million for initial engineering and factory buildout ahead of production of the "next-gen" delivery vehicles. As you may know, the United States Postal Service (USPS) recently awarded a contract for their Next Generation Delivery Vehicle program to replace the aging USPS fleet. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. postal workers are soldiering on in their aging, spartan Grumman LLV trucks as Workhorse challenges the contract awarded Oshkosh to replace them. Postal Service said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. The contract with Oshkosh is currently stuck behind that veil, too, meaning everyone outside the defense contractor and the USPS has been playing a guessing game as to what it entails. May 10, 2021. Postal Service (USPS) said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. However, this left another company, Workhorse Group, spurned after long rounds of negotiations. Postal Service (USPS) announced on Tuesday, Feb. 23 that it awarded the first part of the 10-year, multibillion-dollar contract to update the postal delivery vehicle fleet to Oshkosh Defense. The contract could be worth more than $6 billion in total. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles, a source told Reuters. Manufacturing in America and Europe. Per the contract, "Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand-drive vehicle for mail and package delivery — and will. ,-based Oshkosh will get a $482 million contract to complete the production design of what the Postal Service is calling the “Next Generation Delivery. WASHINGTON -- The U. By Sebastian Blanco Jun 24, 2021. The USPS said that as part of the 10-year contract, Oshkosh Defense will manufacture postal delivery vehicles, which will drive the "most dramatic modernization of the USPS fleet in three. Image A Postal Service rendering of its next-generation delivery vehicle. -based Oshkosh Corp. Oshkosh Defense nabbed the multibillion-dollar NGDV contract this February. "We are pleased to share that this work will be conducted right here in Oshkosh, Wisconsin," Bryant said. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. Postal Service (USPS) release a contract it awarded to Oshkosh Corp that could be. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Feb 26, 2021 · New York, February 26, 2021 -- Moody's Investors Service said that the February 23 awarding of a 10-year contract to Oshkosh Corporation (Baa3 stable) to produce the US Postal Service's (USPS) next generation delivery vehicle (NGDV) is credit positive because it adds another stream of relatively predictable revenue once the production is fully. The new truck will be able to use a battery-powered. -built delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. OSHKOSHCORP. Defense contractor Oshkosh Truck Corp. The contract could be worth more than $6 billion in total. Questions arise for corrupt postmaster DeJoy over USPS gas-guzzler contract. Mar 09, 2021 · The USPS has been in need of a new postal vehicle for around 15 years. Now Workhorse (ticker: WKHS) is meeting with the USPS to discuss the bid. Biden has added several Democrats to the USPS' board, so DeJoy may face a challenge to his leadership in the near future. (NYSE: OSK). RELATED:Oshkosh Corporation wins contract to build up to 165,000 'next generation' USPS mail trucks RELATED:Milwaukee Common Council members pitch Century City to Oshkosh Corp. (February 23, 2021) — The U. WASHINGTON, DC — The U. Postal Service (USPS) announced a 10-year, $6 billion dollar contract with Oshkosh Defense for new mail trucks, but only 10% will. Workhorse, which has developed and manufactures drone-integrated electric vehicles designed for the last-mile delivery sector, says it requested - pursuant to the bid process rules - additional information from the USPS after. Workhorse has sued to block the USPS contract for new vehicles that was awarded to Oshkosh Defense in February. Postal Service's recent contract award to purchase up to 165,000 new postal vehicles from Oshkosh Corporation in a deal valued at up to $6 billion. Air conditioning and heating, improved ergonomics, and advanced vehicle technology, including 360-degree cameras, will be included on the new vehicles. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new. 23, USPS announced it had chosen Wisconsin company Oshkosh Defense to build the mail trucks “in accordance with competitive Postal Service procurement policies. I've put together some janky DD of pros and cons of each company. USPS expects the first delivery vehicles will arrive on delivery routes by 2023. But on Feb. The contract announced. Per the contract, "Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand-drive vehicle for mail and package delivery — and will. The award has been protested by losing bidder Workhorse. USPS contract with Oshkosh is for 165,000 trucks over the next 10 years; that is a pretty substantial contract. The contract could be worth more than $6 billion in total. USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a subsidiary of Oshkosh Corp, in February. As you may know, the United States Postal Service (USPS) recently awarded a contract for their Next Generation Delivery Vehicle program to replace the aging USPS fleet. Oshkosh Corporation Classification - Restricted. The investment is part of a soon-to-be-released initiative by the Postal Service to improve its financial results and customer service. Washington, D. -built postal delivery vehicles that will drive. Workhorse snuck their way back into the bidding process by partnering up with VT Hackney. Washington, D. Jared Huffman, D-Calif. Per the contract, "Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand-drive vehicle for mail and package delivery — and will. The contract could be worth more than $6 billion in total. (NYSE; OSK) Feb. In February, the U. Postal Service has awarded Oshkosh Defense a 10-year, multi-billion contract for its next generation of delivery vehicles. Section D7: Terms and Conditions for Subcontracts Issued in support of United States Postal Service Next Generation Delivery Vehicle, Contract No. Huffman’s bill would require at least 75% of the new fleet be electric or zero-emission vehicles. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. This will allow Oshkosh to finalize the design of the NGDV, and to begin the tooling of an assembly plant. USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a subsidiary of Oshkosh Corp, in February. I write to pass along reports of what might be unusual trading of Oshkosh stock that took place. The 10-year, $482 million contract calls for Oshkosh Defense to design, produce and deliver 50,000 to 165,000 NGDVs. February 23, 2021 admin Trading Ideas Comments Off on Workhorse stock plunges after news Oshkosh wins USPS contract …read more. Workhorse snuck their way back into the bidding process by partnering up with VT Hackney. The choice of Wisconsin-based Oshkosh is a big miss for Ohio-based electric vehicle startup Workhorse Group, which put in an all-electric bid for the vehicles. asking him to take a look at the Oshkosh. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new. Defense contractor Oshkosh Truck Corp. Feb 23, 2021 · OSHKOSH, Wis. A runner-up says the USPS favored its competitor all along. The new fleet will be a mix of internal combustion engines and battery electric engines, will have more room for packages, and will include heating/air conditioning as well as some other high-tech features. Postal Service to freeze Oshkosh Corp’s $482 million contract that would finalize. The USPS, under the leadership of DeJoy and Trump-appointed postal governors, selected Oshkosh for the contract over Workhorse, a truck-maker that had bid to replace the Postal Service's current delivery vehicles with an all-electric fleet. -built delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. Manufacturing in America and Europe. Postal Service awarded a deal for up to 165,000 new mail trucks worth up to $6 billion to defense contractor Oshkosh. It allows for the. (February 23, 2021) — The U. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. Postal Service (USPS) release a contract it awarded to Oshkosh Corp that could be. (NYSE:OSK) won a 10-year contract to build next-generation delivery vehicles (NGDVs) for the U. OSHKOSH (NBC 26) — A massive government contract will help create 1,000 new jobs at Oshkosh Corporation, but we now know those jobs will be far from Northeast Wisconsin. Postal Service awarded a deal for up to 165,000 new mail trucks worth up to $6 billion to defense contractor Oshkosh. The contract could. 23, USPS announced it had chosen Wisconsin company Oshkosh Defense to build the mail trucks “in accordance with competitive Postal Service procurement policies. It allows for the. Per the deal, the USPS would pay Oshkosh $482 million to commence engineering. 27 on Tuesday. 5%) pops after the USPS awards a 10-year contract to the company. co/hootmoney Today we go over t. 4 billion in revenue in the 2019 fiscal year. Initially slated to… Read More »New Postal Vehicle contract awarded to Oshkosh. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New. 4811-4940-3615. 3% in extended trading after a steep drop of about 47. 23 at 3:04 p. Wisconsin-based purpose built vehicle manufacturer Oshkosh Defense has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract by the United States Postal Service (USPS) to produce its Next Generation Delivery Vehicle (NGDV). It will have a right-hand drive and carry a larger amount of packages than the smaller long-life vehicles can accommodate. 12, 2021)—Today, Rep. (NYSE; OSK) Feb. com brings you breaking news on the USPS Electrification contract. ***Directly from Romeo Power's investors presentation - Updated in October, 2020. The investment is part of the Postal Service’s soon-to-be-released, 10-year plan to become the “preferred delivery service. An initial investment of $482 million will help finalize the. USPS expects the first delivery vehicles will arrive on delivery routes by 2023. This will allow Oshkosh to finalize the design of the NGDV, and to begin the tooling of an assembly plant. Postal Service's upcoming Next Generation Delivery Vehicles (NGDV) here. Lawmakers Call on USPS to Freeze Oshkosh Vehicle Contract More FILE PHOTO: The U. Wisconsin-based purpose built vehicle manufacturer Oshkosh Defense has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract by the United States Postal Service (USPS) to produce its Next Generation Delivery Vehicle (NGDV). Washington, D. The $6 billion deal went to a company you may not know much about: Oshkosh Corp. Another customer of theirs is Oshkosh, also a candidate for the USPS contract. Postal Service announced yesterday it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. The 10-year, $482 million contract calls for Oshkosh Defense to design, produce and deliver 50,000 to 165,000 NGDVs. That means the Postal Service can add money for more vehicles. According to the lawmakers, the Oshkosh bid called. Manufacturing in America and Europe. 3DVPRT-21-B-0002. USPS described the deal as the first part of a multibillion-dollar 10-year effort to replace its delivery vehicle fleet. On Tuesday, USPS announced it has awarded a 10-year contract to the Wisconsin-based defense contractor. A large portion of its 230,000-vehicle fleet has been in service for 30 years. Feb 24, 2021 · The U. By David Shepardson. WASHINGTON, DC — The U. The USPS announced on Feb. The United States Postal Service awarded Oshkosh Defense a contract in February to begin replacing its 30-year-old fleet of neighborhood delivery vehicles (see related story). Workhorse challenges USPS decision to award vehicle contract to Oshkosh. OSHKOSH, Wis. The saga of the Postal Service upgrading its fleet of outdated delivery vans continues. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. WASHINGTON, DC — The U. Postal Service to award $6. 27 on Tuesday. Postal Service (USPS) said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. However, the Postal Service will have the ability to order more vehicles during the 10-year contract period. Under the contract's initial $482 million investment, Oshkosh Defense will. Just over a month ago, the United States Postal Service ended the years-long process of choosing a company to replace its long-running Grumman Long Life Vehicle (LLV) mail delivery vehicle by awarding a $6 billion dollar, 10-year contractto Oshkosh Defense. , included a 165,000-vehicle order — but only 10 percent of those vehicles would be electric, Postmaster General Louis DeJoy told a U. Workhorse, which has developed and manufactures drone-integrated electric vehicles designed for the last-mile delivery sector, says it requested - pursuant to the bid process rules - additional information from the USPS after. Ohio Congressman U. The award has been protested by losing bidder Workhorse. Under the contract's initial $482-million investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose. In the wake of USPS' announcement to replace its vehicle fleet with. However, that decision didn't go over well with three lawmakers, who recently called on USPS to freeze the contract amid some. Kaptur Introduces Resolution Calling for Halt to USPS-Oshkosh Contract in Light of Failure to Meet Electric Vehicle Standards. An initial investment of $482 million will help finalize the. The choice of Wisconsin-based Oshkosh is a big miss for Ohio-based electric vehicle startup Workhorse Group, which put in an all-electric bid for the vehicles. USPS awarded Oshkosh Defense a $6 billion, 10-year contract to manufacture a new fleet of as many as 165,000 postal delivery vehicles with “either fuel-efficient internal combustion engines or battery electric powertrains. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U. The agency said Tuesday that it awarded a 10-year, multibillion-dollar contract to Wisconsin-based Oshkosh Defense to. A representative from Oshkosh Corp. com brings you breaking news on the USPS Electrification contract. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. ,-based Oshkosh will get a $482 million contract to complete the production design of what the Postal Service is calling the “Next Generation Delivery. A runner-up says the USPS favored its competitor all along. (NYSE: OSK) on Tuesday, the Detroit. I know a lot of us are waiting on this play since for the end of march. Feb 24, 2021 · The postal agency will pay Oshkosh $482 million for initial engineering and factory buildout ahead of production of the "next-gen" delivery vehicles. Postal Service said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Workhorse has since sued the Government over the contract due to Oshkosh Corp. WASHINGTON — Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. postal workers are soldiering on in their aging, spartan Grumman LLV trucks as Workhorse challenges the contract awarded Oshkosh to replace them. The Postal Service anticipates Oshkosh will produce between 50,000 and 165,000 NGDVs under the initial contract. Under the. The lawmakers say media reports show suspicious stock trades ahead of the USPS-Oshkosh contract announcement, including a $54 million purchase of Oshkosh Corporation stock just hours before DeJoy. Meanwhile, Oshkosh shares fell 1. In practical terms, USPS will be ordering the vehicles from Oshkosh, thus retaining control over the mix of internal-combustion and EV vehicles in their fleet. Workhorse said this lobbying violated a nondisclosure agreement as well as ground rules that Oshkosh was required to sign. Huffman also expressed concern to Reuters that he's been unable to view the Oshkosh contract in its entirety. Mar 09, 2021 · A Democratic congressman is demanding that the Securities and Exchange Commission investigate a shady $54 million purchase of Oshkosh Corporation stock just hours before scandal-ridden Postmaster General Louis DeJoy announced the decision to award that company with a lucrative 10-year contract to produce a new, largely gasoline-powered fleet of U. Workhorse is considering. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. , included a 165,000-vehicle order — but only 10 percent of those vehicles would be electric, Postmaster General Louis DeJoy told a U. Workhorse Group has a meeting scheduled with U. Under the. That all changes with its multibillion-dollar order for new mail trucks that make up the largest fleet in the U. Ohio-based Workhorse Group, an electric vehicle manufacturer, was also a bidder for the contract. (NYSE: OSK) won a 10-year contract to build next-generation delivery vehicles (NGDVs) for the U. WASHINGTON (Reuters) - The chairwoman of the House Oversight and Reform Committee on Friday demanded the U. Postal Service decision in February to award a multibillion-dollar, 10-year. Lawmakers Call on USPS to Freeze Oshkosh Vehicle Contract More FILE PHOTO: The U. to build up to 165,000 next-generation delivery vehicles, valued at an estimated more. The contract calls for Oshkosh Defense to make. Postal Service (USPS) would be awarding a contract worth up to $6 billion to Oshkosh Defense, a subsidiary of Wisconsin-based Oshkosh Corp. An initial investment of $482 million will help finalize the. The historic investment is part of a soon-to-be-released plan. WASHINGTON -- The U. The company beat out Workhorse Group, a small electric vehicle startup. Workhorse stock plunges after news Oshkosh wins USPS contract. WASHINGTON, DC — The U. filed last month in federal court has been unsealed. News reports have also revealed suspicious stock trades ahead of the USPS-Oshkosh contract announcement, including a $54 million purchase of Oshkosh Corporation stock just hours before DeJoy announced the contract award. Sep 07, 2021 · So, the awarding of the Postal Service contract to Oshkosh in February stunned some electric vehicle advocates who figured electric delivery van maker Workhorse Group had an inside track because. Postal Service, beating out electric delivery van maker. The Postal Service awarded the contract to Wisconsin-based Oshkosh Defense, which will help the agency reduce its costs and transition away from greenhouse gas-emitting technologies to cleaner. Postal Service (USPS) decision in February to award a. The Postal Service anticipates Oshkosh will produce between 50,000 and 165,000 NGDVs under the initial contract. "There are many questions surrounding the USPS-Oshkosh contract to construct 165,000 postal vehicles over the next decade, representing roughly a third of the entire federal government's fleet," Kaptur said. Late last week, Postmaster Louis DeJoy announced the U. WASHINGTON — Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. The contract, announced Feb. Stephen Edelstein March 11, 2021 Comment Now! Last month, the U. us Facebook Reddit StumbleUpon Technorati. Postal Service (USPS) said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. The investment is part of a soon-to-be-released initiative by the Postal Service to improve its financial results and customer service. EV advocates (and investors in WKHS stock) were shocked and disappointed by the US Postal Service's recent decision to award a 10-year contract to Wisconsin-based Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Ohio Congressman U. Feb 24, 2021 · The U. Postal Service announced today that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corp. The initial contract will see Oshkosh get $482 million to finalize the production design of the vehicle and begin assembly of the next generation delivery vehicle. The USPS finally ann ounced the winner of its coveted contract to build an all-electric fleet of delivery vehicles. In a long-awaited decision, the U. The search for new delivery vehicles took the USPS. Per the contract, "Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand-drive vehicle for mail and package delivery — and will. OSHKOSH, WI (WTAQ-WLUK) — A formal challenge has been filed against the awarding of a $6 billion contract for mail trucks to Oshkosh Corp. The contract could be worth more than $6 billion in total. The NGDVs will include air conditioning and heating, increased cargo capacity and advanced vehicle technology. Late last week, Postmaster Louis DeJoy announced the U. Oshkosh Truck Corp. Oshkosh won the six-billion dollar contract from the U-S-P-S to build up to 165-thousand delivery vehicles. Postal Service (USPS) announced a 10-year, $6 billion dollar contract with Oshkosh Defense for new mail trucks, but only 10% will. (NYSE: F) could gain a share of the multi-billion-dollar delivery vehicle contract awarded by the United States Postal Service to Oshkosh Corp. However, the Postal Service will have the ability to order more vehicles during the 10-year contract period. (WLUK) -- An Ohio company says the U. Ford confirmed to 21st Century Postal Worker that they were partnering with Oshkosh, but declined to elaborate further. Under the contract it will build between 50,000 and 165,000 vehicles over a period of 10 years. Feb 23, 2021 · USPS Selects Oshkosh for EV Contract Over Workhorse. Feb 23, 2021 · The USPS press release states:. Some Democrats in Congress have been critical that the USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a unit of Oshkosh Corp. Postal Service (USPS) release a contract it awarded to Oshkosh Corp that could be worth $6 billion to build up to 165,000 next-generation delivery vehicles. Under the contract's initial $482 million investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand. The Postal Service on Feb. The contract is estimated to be worth more. Workhouse was a frontrunner for the contract. Original story 12:02pm EST: The United States Postal Service has decided on a new delivery vehicle. Postal Service, beating out electric delivery van maker. Postal Service has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corp. , began introducing legislation Monday and questioned the USPS contract issued to Oshkosh, Wis. The new truck will be able to use a battery-powered. However, this decision has run into a bit of a potential snag, as three lawmakers are now calling on USPS to freeze the contract amid some questionable stock trades and allegations of possible political influence. The contract could be worth more than $6 billion in total. Mar 09, 2021 · As you may know, the United States Postal Service (USPS) recently awarded a contract for their Next Generation Delivery Vehicle program to replace the aging USPS fleet. Workhorse (ticker: WKHS) and Oshkosh were among the bidders to replace the Postal Service's white, right. Jun 03, 2021 · Oshkosh Wins $942M Stryker Upgun Contract, Unseating GDLS. The USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a subsidiary of Oshkosh Corp, in February. The immense selling. Biden has added several Democrats to the USPS' board, so DeJoy may face a challenge to his leadership in the near future. Ohio-based Workhorse Group, an electric vehicle manufacturer, was also a bidder for the contract. The Oshkosh Defense contract is an agreement for the company to produce a delivery fleet of 165,000 trucks. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. Oshkosh , in addition to their standalone entry, also partnered with Ford and entered a Transit based truck for the USPS contract. But on Feb. Postal Service. USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a subsidiary of Oshkosh Corp, in February. The USPS finally ann ounced the winner of its coveted contract to build an all-electric fleet of delivery vehicles. 12, 2021)—Today, Rep. Workhorse Stock crashes after news that USPS did not award them the contract Oshkosh (OSK +7. 23 that it awarded the first part of the 10-year, multibillion-dollar contract to update the postal delivery vehicle fleet to Oshkosh Defense. Jun 18, 2021 · A competitor is challenging the awarding of the contract for new U-S Postal Service vehicles to the Oshkosh Corporation. Workhorse is considering. House lawmakers introduced legislation on Tuesday calling on the U. The complaint. The contract calls for Oshkosh Defense to make. 03-05-2021, 07:07 PM #60. By Brian Silvestro Feb 24, 2021. WASHINGTON, Feb. Oshkosh Defense nabbed the multibillion-dollar NGDV contract this February. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. I've put together some janky DD of pros and cons of each company. Per the deal, the USPS would pay Oshkosh $482 million to commence engineering. WASHINGTON (Reuters) - The U. Microvast is/will be working with these companies to produce low cost li-ion batteries and EVs, respectively. Postal Service (USPS) announced on Tuesday, Feb. The Oshkosh Defense contract is an agreement for the company to produce a delivery fleet of 165,000 trucks. The USPS selected Oshkosh Defense for the multi-billion-dollar NDGV contract in. The beloved vehicle you see on the road today is the Grumman LLV. Feb 26, 2021 · The United States Postal Service has selected Oshkosh Defense to build the Next Generation Under the terms of the contract, Oshkosh Defense will assemble 50,000 to 165,000 NGDVs over the. Ford and Oshkosh had their earnings this week and both CEOs talked USPS contract and batteries. The contract with Oshkosh is currently stuck behind that veil, too, meaning everyone outside the defense contractor and the USPS has been playing a guessing game as to what it entails. The USPS plans to spend $482 million initially on the new trucks, but the sum. Oshkosh Defense has selected Spartanburg, South Carolina to be the home of its efforts to build the Next Generation Delivery Vehicle (NGDV) for the U. Postal Service (USPS) has given Oshkosh Defense of Oshkosh, Wisconsin, a 10-year contract to produce a new generation of US-built postal electric delivery vehicles, which will be the most significant modernization of the USPS fleet in three decades. That means the Postal Service can add money for more vehicles. Postal Service's Next Generation Delivery Vehicle (NGDV) mail truck contract for between 50,000 and 165,000 units over ten years, with production start targeted for 2023. The investment is part of the Postal Service's soon-to-be-released, 10-year plan to become the "preferred delivery service. 23, is potentially worth billions of dollars. The multi-billion-dollar contract with Oshkosh begins the process to replace and expand the Postal Service’s aging delivery-vehicle fleet. Postmaster General Louis DeJoy recently awarded Oshkosh Corp. The contract is the first part of a multi-billion-dollar 10-year effort to replace the USPS’s delivery vehicle fleet, one of the world’s largest. Green Day for USPS -. “This should. Oshkosh Defense, a division of Wisconsin-based Oshkosh Corp. Oshkosh Defense, a contractor largely known for producing the kind of rugged, tactical vehicles normally found in warzones, was selected in February 2021 to receive the U. asking him to take a look at the Oshkosh. In February, the U. Defense contractor Oshkosh Truck Corp. 90% said its Oshkosh Defense subsidiary was awarded an "indefinite delivery, indefinite quantity" contract to help modernize the USPS. Shares of Workhorse Group , an Ohio-based electric-vehicle company that was competing for the contract, dropped by nearly 50% the next day and have barely recovered since then. Oshkosh Selected for Massive $6 Billion Post Office Vehicle Contract The award is a blow to start-up Workhorse Group, another finalist in the competition. It contends that USPS awarded the contract to Oshkosh even. WASHINGTON — Workhorse Group will file a legal challenge to the U. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. 23, USPS announced it had chosen Wisconsin company Oshkosh Defense to build the mail trucks "in accordance with competitive Postal Service procurement policies. Shares of Workhorse fell more than 47% Tuesday. Postal Service said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Workhorse (ticker: WKHS) and Oshkosh were among the bidders to replace the Postal Service’s white, right. Feb 26, 2021 · New York, February 26, 2021 -- Moody's Investors Service said that the February 23 awarding of a 10-year contract to Oshkosh Corporation (Baa3 stable) to produce the US Postal Service's (USPS) next generation delivery vehicle (NGDV) is credit positive because it adds another stream of relatively predictable revenue once the production is fully. On Tuesday afternoon, the USPS awarded a 10-year, $485-million contract to Oshkosh Defense. Huffman’s bill would require at least 75% of the new fleet be electric or zero-emission vehicles. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. Postal Service officials to learn more about why it lost a lucrative delivery vehicle contract. 3% After Losing USPS Contract To Oshkosh. Under the contract it will build between 50,000 and 165,000 vehicles over a period of 10 years. My former employer did not want to shell out that cold hard cash. Updated May 8, 2021 11:35 am ET / Original May 7, 2021 7:21 pm ET Order Reprints Print Article Text size. Under the new contract, the Postal Service will pay Oshkosh Defense $482 million to finalize the production design and equip factories for production of 50,000 to 165,000 delivery vehicles. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. News reports have also revealed suspicious stock trades ahead of the USPS-Oshkosh contract announcement, including a $54 million purchase of Oshkosh Corporation stock just hours before DeJoy announced the contract award. Ford and Oshkosh had their earnings this week and both CEOs talked USPS contract and batteries. 23 awarded Oshkosh, a Wisconsin-based maker of military trucks, a 10-year contract for as many as 165,000 vehicles worth as much as $6 billion. asking him to take a look at the Oshkosh. us Facebook Reddit StumbleUpon Technorati. The initial contract will see Oshkosh get $482 million to finalize the production design of the vehicle and begin assembly of the next generation delivery vehicle. -built delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. In February 2021, Oshkosh Defense was awarded the U. O) filed a legal challenge on Wednesday to the U. Feb 26, 2021 · New York, February 26, 2021 -- Moody's Investors Service said that the February 23 awarding of a 10-year contract to Oshkosh Corporation (Baa3 stable) to produce the US Postal Service's (USPS) next generation delivery vehicle (NGDV) is credit positive because it adds another stream of relatively predictable revenue once the production is fully. Postal Service currently plans for only 10% had won a long-delayed $6 billion contract to replace the service's fleet of gas-guzzling postal trucks. - Today, Congresswoman Marcy Kaptur (D-OH), Chairwoman of the House Appropriations Subcommittee on Energy and Water Development and co-Chair of the House Auto Caucus, released the following statement after she introduced a House Resolution calling on the Biden Administration to halt the USPS-Oshkosh contract until an investigation can be conducted to ensure 1) there was no. Oshkosh won the six-billion dollar contract from the U-S-P-S to build up to 165-thousand delivery vehicles. Workhorse, which has developed and manufactures drone-integrated electric vehicles designed for the last-mile delivery sector, says it requested - pursuant to the bid process rules - additional information from the USPS after. The Postal Service awarded the contract to Wisconsin-based Oshkosh Defense, which will help the agency reduce its costs and transition away from greenhouse gas-emitting technologies to cleaner. I write to pass along reports of what might be unusual trading of Oshkosh stock that took place. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New. Had the initial USPS contract award been made to Workhorse it would have had the capital to build a factory and finish the design of an all-electric vehicle fleet. The contract is the first part of a multi-billion-dollar 10-year effort to replace the USPS’s delivery vehicle fleet, one of the world’s largest. I'd think Tesla could partner with someone. (NYSE: F) could gain a share of the multi-billion-dollar delivery vehicle contract awarded by the United States Postal Service to Oshkosh Corp. Feb 23, 2021 · OSHKOSH, Wis. Photo courtesy USPS. A Democratic congressman is demanding that the Securities and Exchange Commission investigate a shady $54 million purchase of Oshkosh Corporation stock just hours before scandal-ridden Postmaster General Louis DeJoy announced the decision to award that company with a lucrative 10-year contract to produce a new, largely gasoline-powered fleet of U. The contract includes an initial $482 million investment from the USPS in Oshkosh to finalize the design of the Next Generation Delivery Vehicle (NGDV) and to begin the tooling of an assembly. I write to pass along reports of what might be unusual trading of Oshkosh stock that took place. Kaptur Introduces Resolution Calling for Halt to USPS-Oshkosh Contract in Light of Failure to Meet Electric Vehicle Standards. The contract could. A postal worker died from a heat stroke earlier this summer during a heat wave in California. The contract award was made to Oshkosh Defense in February 2021, is valued at up to $6 billion, and up to 160,000 vehicles will be built in a new facility. Oshkosh, through its Oshkosh Defense unit, won out over five other companies vying for the contract, which calls for the delivery of up to 165,000 vehicles over 10. USPS awarded Oshkosh an indefinite delivery, indefinite quantity (IDIQ) contract: between 50,00 and 165,000 vehicles delivered over a 10-year period. The Workhorse Group told the U. Gains followed a Bloomberg headline that said a House democrat vows to stop USPS's contract with Oshkosh Corp. WASHINGTON — The U. 03-05-2021, 07:07 PM #60. Post #3720969 ( 7) Post #3720949 ( 3) Post #3717552 ( 2) Post #3723326 ( 2) Post #3722020 ( 1). Postal Service's upcoming Next Generation Delivery Vehicles (NGDV) here. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal Delivery Vehicle Fleet. 23 at 3:04 p. com brings you breaking news on the USPS Electrification contract. WKHS Shares Tumble Almost 50%, Workhorse Group Loses USPS Contract to Rival Oshkosh Feb 24 2021 · 11:25 UTC | Updated Feb 24 2021 · 11:53 by Benjamin Godfrey · 3 min read Photo: Workhorse Group. -built delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. -built postal delivery vehicles that will drive the most dramatic modernization of the USPS fleet in three decades. Workhorse challenges USPS decision to award vehicle contract to Oshkosh. Jun 03, 2021 · Oshkosh Wins $942M Stryker Upgun Contract, Unseating GDLS. WKHS Shares Tumble Almost 50%, Workhorse Group Loses USPS Contract to Rival Oshkosh Feb 24 2021 · 11:25 UTC | Updated Feb 24 2021 · 11:53 by Benjamin Godfrey · 3 min read Photo: Workhorse Group. Jameson Dow - Mar. 23, USPS announced it had chosen Wisconsin company Oshkosh Defense to build the mail trucks “in accordance with competitive Postal Service procurement policies. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. However, this decision has run into a bit of a potential snag, as three lawmakers are now calling on USPS to freeze the contract amid. However, that decision didn’t go over well with three lawmakers, who recently called on USPS to freeze the contractamid some questionable stock trades and allegations of possible political influence. Oshkosh Defense, a division of Wisconsin-based Oshkosh Corp. Shares of Workhorse Group. The multi-billion-dollar contract with Oshkosh begins the process to replace and expand the Postal Service’s aging delivery-vehicle fleet. By David Shepardson. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Ryan's demands for an investigation added fuel to Workhorse's long-shot bid to overturn its loss to Oshkosh, which surged as much as 16% on the day the Postal Service announced the contract award. The NGDV is the USPS's first large-scale fleet procurement in three decades, and the contract would replace its aging. The contract could be worth more than $6 billion. It allows for the delivery over 10 years of between 50,000 and 165,000 vehicles, with a mix of internal combustion-powered and battery-electric models. WASHINGTON — The U. Postal Service announced yesterday it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to. Green Day for USPS -. The contract. House lawmakers introduced legislation on Tuesday calling on the U. 9th 2021 5:47 pm PT. The USPS announced on Feb. 23 that it awarded the first part of the 10-year, multibillion-dollar contract to update the postal delivery vehicle fleet to Oshkosh Defense. Washington, D. The saga of the Postal Service upgrading its fleet of outdated delivery vans continues. manufacturing facilities. Electric-vehicle maker Workhorse Group Inc. Postal Service (USPS) decision in February to award a. Oshkosh Defense plans to build zero-emission electric vehicles and fuel-efficient low-emission gas-powered vehicles in an effort to lessen pollution from postal vehicles. The USPS finally ann ounced the winner of its coveted contract to build an all-electric fleet of delivery vehicles. Just over a month ago, the United States Postal Service ended the years-long process of choosing a company to replace its long-running Grumman Long Life Vehicle (LLV) mail delivery vehicle by awarding a $6 billion dollar, 10-year contract to Oshkosh Defense. The contract could be worth more than $6 billion. 1 billion," Workhorse said in its bid protest. I'd think Tesla could partner with someone. Oshkosh Defense plans to build zero-emission electric vehicles and fuel-efficient low-emission gas-powered vehicles in an effort to lessen pollution from postal vehicles. WASHINGTON, DC — The U. Postal Service awarded a contract for new mail delivery trucks earlier this year. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Under the initial $482 million investment, Oshkosh Defense, a unit of Oshkosh Corp, will finalize the production design, testing and vehicle tooling necessary prior to vehicle production. Postal Service, beating out electric delivery van maker. Updated May 8, 2021 11:35 am ET / Original May 7, 2021 7:21 pm ET Order Reprints Print Article Text size. Oshkosh Defense Wins Giant Mail Truck Replacement Contract. The USPS said that as part of the 10-year contract, Oshkosh Defense will manufacture postal delivery vehicles, which will drive the "most dramatic modernization of the USPS fleet in three decades. (WLUK) -- An Ohio company says the U. The $6 billion deal went to a company you may not know much about: Oshkosh Corp. Feb 24, 2021 · The U. OSHKOSH, Wis. The competitively awarded contract allows for the delivery of…. This contract is the first in more than 30 years for postal delivery vehicles, and Oshkosh will receive an initial payment of $482 million to begin final design and tooling work before production. Postal Service (USPS) decision in February to award a. Under the contract announced today, the USPS has committed to pay Oshkosh Defense $482 million to initiate engineering efforts to finalize the production vehicle design, and for tooling and factory. From the USPS: Under the contract's initial $482 million investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand-drive vehicle for mail and package delivery — and will assemble 50,000 to 165,000 of them over 10 years. The complaint. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles, a source told Reuters. Advertisement Remember, this is a six billion dollar contract at stake. Oshkosh Defense's Wisconsin-based parent, the Oshkosh Corporation, had $8. Source:: Yahoo Finance. Postal Service announced today it awarded a 10-year contract to Oshkosh, WI, based Oshkosh Defense, to manufacture a new generation of U. Oshkosh, through its Oshkosh Defense unit, won out over five other companies vying for the contract, which calls for the delivery of up to 165,000 vehicles over 10. Workhorse has sued to block the USPS contract for new vehicles that was awarded to Oshkosh Defense in February. (NYSE: OSK). LATEST REVISION OF THIS DOCUMENT AS POSTED ON THE OSHKOSH PROCURE MENT WEBSITE OSN. The NGDV is the USPS's. The new truck will be able to use a battery-powered. The NGDV is the USPS's first large-scale fleet procurement in three decades, and the contract would replace its aging. WASHINGTON — Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. Postal Service contract to build next. USPS awarded a 10-year contract to Oshkosh's unit, Oshkosh Defense, to replace the Postal Service's aging delivery vehicle fleet.