Navistar (NYSE:NAV) Jumps on $752 Million MRAP Vehicle Contract

2/17/2010-Shares of Navistar International (NYSE:NAV) are trading 1.4% higher to $40.27 Wednesday after its subsidiary Navistar Defense was awarded a $752 million contract to provide 1,050 enhanced International® MaxxPro® Dash Mine Resistant Ambush Protected (MRAP) vehicles to the U.S. Marine Corps Systems Command.

Archie Massicotte, president, Navistar Defense, commented, "We are constantly looking at enhancements across our vehicle portfolio to provide warfighters with the most advanced equipment. The threats that our warfighters face continue to change every day and we understand the urgency needed to rapidly engineer and deliver new Dash vehicles to defeat emerging threats. We are constantly looking at enhancements across our vehicle portfolio to provide warfighters with the most advanced equipment."