Here’s the abstract to my Defense-Industrial Research Memorandum #2011-02.
As some—though not I—predicted back in 2009, Oshkosh is indeed today losing money on its contract to supply the US Army with FMTV-type trucks. We use some basic financial statement analysis to estimate just how much, and conclude that it’s a significant sum, but not enough to sink the company. Thus, we maintain our assertion that the Army should not be concerned about the viability of this contractor.
As I’ve covered issues at Oshkosh pretty openly, I’m releasing this issue of the DIRM to the widest audience. As always, I appreciate feedback, particularly in this case on my financial analysis.