oshkosh

Oshkosh beats Workhorse for Postal Service delivery vehicle contract

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...

https://s29755.pcdn.co/news/oshkosh-beats-workhorse-for-postal-service-delivery-vehicle-contract

Workhorse scrutinized as Postal Service again delays contract

Investors pummeled Workhorse Group (NASDAQ: WKHS) shares Wednesday after the U.S. Postal Service again delayed a multibillion-dollar contract for next-generation delivery vehicles.  

“The COVID-19 pandemic previously resulted in the expected production award being pushed to the end of 2020,” Postal Service spokeswoman Kim Frum said Wednesday,

“However, amid continuing COVID-19 concerns, and in order to provide for capital investment activities and required approvals, the program decision is now...

https://s29755.pcdn.co/news/workhorse-group-scrutinized-as-postal-service-again-delays-contract

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