Why Oshkosh Stock Traded Higher in March
Oshkosh (NYSE: OSK) soared higher in late February after the truck and equipment maker won a key government contract. The market was still digesting that contract -- and what it might mean for the company -- in March, helping to lift the shares 11.9%, according to data provided by S&P Global Market Intelligence.
The U.S. Postal Service in late February awarded Oshkosh an initial $482 million to modernize its fleet of postal delivery vehicles, a contract that could eventually be worth more than $6 billion. The win was a bit of a surprise, and in early March some lawmakers announced legislation to halt the contract.
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