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Oshkosh Corporation Message Board

  • myprofile96 myprofile96 Oct 11, 2010 11:44 PM Flag

    Iraq Set to Place Multi-Billion Order

    According to the October 2010 newsletter "The SPADE Investor" (www.spadeindex.com ), Iraq will soon place a $13 billion order for U.S. defense hardware. As part of the order, I expect more than a billion dollars worth of MRAP vehicles will be part of the deal enabling the Iraqi military to patrol the countryside. In addition, the Obama adminsitration is pushing to increase export sales of military hardware to buyers around the world.

    This should give the company plenty of business to get to mid-2011+ when orders for the firm's heavy non-military vehicles should begin to rebound from the massive contraction of the past two years.

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