Mexican Media Brands
Lockheed Protests Army Vehicle Award to Oshkosh
As expected, Lockheed Martin Corp. has filed a protest over the U.S. Army's award of a $6.8 billion contract to Oshkosh Corp. for a light tactical vehicle to replace the Humvee.
#legal
Share
As expected, Lockheed Martin Corp. has filed a protest over the U.S. Army's award of a $6.8 billion contract to Oshkosh Corp. for a light tactical vehicle to replace the Humvee.
Oshkosh won a bid late last month to supply about 17,000 vehicles under a 25-year-old program that eventually will entail the purchase of some 55,000 so-called Joint Light Tactical Vehicles for the Army and Marine Corps. The cost of the full program could reach $30 billion.
Lockheed is the government's largest contractor. Oshkosh ranks 99th, according to Bloomberg News. Lockheed claims its bid offers "the most capable and affordable solution" for the 25-year program.
The Government Accounting Office has until Dec. 17 to rule on Lockheed's protest. Bloomberg estimates only about 2% of challenges to Dept. of Defense awards have been overturned in the past four years.
RELATED CONTENT
-
Former VW Exec Schmidt Gets Maximum Sentence in Diesel Scandal
Oliver Schmidt—the former Volkswagen AG executive who pleaded guilty in August to lying about VW’s diesel pollution cheating—has received the maximum sentence of seven years in prison and a $400,000 fine.
-
Court Ruling Exposes GM to Punitive Damages Over Ignition Switches
A new ruling by the federal judge who presided over General Motors Corp.’s 2009 bankruptcy could expose post-bankruptcy General Motors Co. to a wave of costly punitive damage awards linked to the company’s defective ignition switches.
-
VW Is Storing Nearly 300,000 Repurchased Diesels in U.S.
Volkswagen AG has stashed about 294,000 diesel-powered cars across the U.S. that it bought back from customers after admitting the vehicles were rigged to evade U.S. emission laws.