WARRENVILLE, Ill. – December 18, 2007 – Making its largest single order to date of Mine Resistant Ambush Protected (MRAP) vehicles, the U.S. Marine Corps today ordered 1,500 additional MRAP vehicles valued at nearly $1.2 billion from International Military and Government, LLC, a wholly owned affiliate of Navistar International Corporation (Other OTC: NAVZ).
Navistar captured nearly 50 percent of the industry-wide orders announced by the military today. Overall, Navistar’s MRAP orders total nearly $3 billion since the first contract was awarded in May.
The new order increases Category I MRAP vehicle orders to 4,471 to be delivered by the end of July 2008. The new order totals $1,183,141,218.40. MaxxPro MRAP vehicles are designed to protect troops from roadside bombs and other threats. This contract award also includes funding for Navistar’s parts and support programs for MRAP vehicles.
A revised engineering design of the Category I MaxxPro MRAP vehicle increases protection and expands payload for greater mission flexibility such as more cargo and crew capacity and vehicle applications.
As orders continue for these vehicles, Navistar has delivered 60,000 parts pieces, components and other field support services to keep the more than 700 MaxxPro MRAP vehicles in theater mission ready. Parts and service contracts thus far total nearly $300 million. In recent months, the Tank-Automotive and Armament Command (TACOM) of the U.S. Army has also awarded the company nearly $80 million in truck orders including water and fuel tankers. Overall, more than 90 percent of Navistar’s total military sales are non-MRAP vehicles to both the
“Navistar’s global scale and array of truck products offers the
With dealerships in
“All Navistar support solutions are available to sustain these vehicles at home and abroad,” said Massicotte. “Monthly production of MaxxPro MRAP vehicles continues to increase; we will be at 500 units per month by February.”
In the past, Navistar has built more than 160,000 commercial trucks and school buses and 560,000 diesel engines in a 12-month period.
About Navistar International Corporation
Navistar International Corporation (Other OTC: NAVZ) is a holding company whose wholly owned subsidiaries produce International® brand commercial trucks, MaxxForce brand diesel engines, IC brand school buses, 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 parts and service. Another wholly owned subsidiary offers financing services. Additional information is available at www.Navistar.com and www.InternationalMilitaryandGovernment.com.
Forward Looking Statements
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