Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) - Oshkosh Beats Workhorse For Postal Service Delivery Vehicle Contract
Share: Defense contractor Oshkosh Truck Corp. (NYSE: OSK) won a 10-year contract to build next-generation delivery vehicles (NGDVs) for the U.S. Postal Service, beating out electric delivery van maker Workhorse Group Inc. Day traders had driven Workhorse (NASDAQ: WKHS) shares to record levels in recent months, anticipating that at least a piece of the multibillion-dollar contract would be awarded to the company. It was one of three finalists. The Postal Service delayed awarding the contract for several years after inviting seven companies to build prototypes for evaluation. Workhouse shares...
Source: benzinga.com