Workhorse Group shares tanked after the U.S. Postal Service awarded a 10-year contract to Oshkosh Truck Corp. to modernize the aging mail delivery fleet.
Workhorse Group shares plummet as Postal Service delays delivery truck contract to early 2021. Separately, a potential short seller claims the electric delivery truck maker is worth just 20% of its valuation.
Oshkosh Corp. has a green light from the U.S. Army to enter full production of its Joint Tactical Light Vehicle that will replace the HUMVEE in war zones.
Oshkosh Corporation (NYSE: OSK) reported its fiscal year 2019 second quarter earnings on April 30, highlighting an increased diluted earnings per share of $1.82, compared to the $1.47 reported in the same quarter in 2018, and a net income of $128.5 million compared to $110.8 million, in 2018.
