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October 30, 2008 6:19 PM

Army Announces Joint Light Tactical Vehicle Teams

By
Matthew Potter
(MoneyWatch)  The U.S. Army announced the three teams of companies that will be awarded development contracts for the Joint Light Tactical Vehicle (JLTV). The companies have a little over two years to develop a prototype vehicle for a series of tests. Then at least one, but hopefully from the Department of Defense side possibly two, of the teams will be awarded production contracts. BAE is on two of the winning teams, those led by Navistar and Lockheed Martin. The third winning team was a new company, General , made up of AM General and General Dynamics. The contract has the potential to be large with tens of thousands of JLTV vehicles being procured to replace the HUMVEE.

See Crain's Detroit Business for the story.

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