Oshkosh Secondary Spanks Shares Further (OSK)
Oshkosh Corporation (NYSE: OSK) is using recent strength to unload shares of stock. The company said it will sell 13,000,000 shares of common stock to repay a portion of the term loan borrowings under its credit agreement. Shares closed down over 5% at $30.42 in regular trading and we show trading down another 5% at [...]
VOLUME ALERT: Force Protection (FRPT, OSK)
Force Protection Inc. (FRPT) shares are up about 5 percent on volume of about 90,000 shares at the opening of Nasdaq trading. The company announced contracts for both Phase 1 and Phase 2 installation of specifically redesigned TAK-4 independent suspension kits for 1,317 Cougar MRAP vehicles.
Note our post last week involving a contract win for [...]
Premarket Alert: Watch defense contractors on contract news (OSK, FRPT, BAESY, GD, NAV)
Oshkosh Corp. (NYSE: OSK) shares are up more than 20 percent in early premarket trading after the company was awarded a $1.06 billion fixed-price contract to from the U.S. Army for 2,244 MRAP mine-resistant All-Terrain Vehicles for use in Afghanistan. The Pentagon could order thousands more of the vehicles.
Other stocks to watch today on the [...]
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