WEST POINT, Miss. (January 2, 2008) At a special ceremony today to honor the men and women of the nation’s Armed Services, assembly-line workers proudly presented military personnel with the 1,000th International® MaxxPro™ Mine Resistant Ambush Protected (MRAP) vehicle from International Military and Government, LLC, a wholly owned affiliate of Navistar International Corporation (Other OTC: NAVZ).
Elected Officials, military personnel and numerous Navistar employees gathered together at the company’s West Point, Mississippi plant where final assembly of the MaxxPro™ MRAP vehicle occurs to mark the special occasion and pay tribute to the troops serving in harm’s way. MaxxPro MRAP vehicles are designed to protect troops from roadside bombs and other threats.
“We gather today at Navistar to honor the service and sacrifice of the troops with a special presentation of our 1,000th MaxxPro MRAP vehicle,” said Archie Massicotte, president of International Military and Government, LLC. “The men and women of Navistar who build the MaxxPro MRAP vehicle are proud to know that we’re doing our part to help protect those who serve in harm's way, and it’s a privilege.”
In just five months of production Navistar delivered its 1,000th MaxxPro MRAP vehicle to the military, and next month the company will reach another production milestone of 500 MRAP vehicles in a single month. Moreover, the company’s swift production ramp up is set to manufacture 1,000 MaxxPro vehicles in the months of March and April – combined. Currently, there are more than 700 MaxxPro MRAP vehicles in theater.
In December 2007, Navistar captured nearly 50 percent of the industry-wide orders announced by the military – 1,500 MRAP vehicles and parts support valued at nearly $1.2 billion – in its single largest order to date of MRAP vehicles. Overall, Navistar’s MRAP orders
(vehicles and support) total nearly $3 billion since the first production contract was awarded in May 2007. Navistar’s total order is 4,471 Category I MRAP vehicles to be delivered by the end of July 2008.
Navistar has delivered more than 60,000 parts pieces, components and other field support services to keep the MaxxPro MRAP vehicles 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. In fiscal year 2007, more than 90 percent of Navistar’s total military sales were non-MRAP vehicles to both the U.S. military and U.S. allies.
With dealerships in Iraq and Afghanistan, Navistar has nearly 1,000 dealership locations worldwide with facilities in 75 countries outside North America.
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.
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.
Media contact: Tim Touhy, 630-753-3869
Investor contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com