General Motors Is Angling to Revive Its Defense Business

A U.S. Army contract competition for a truck that can be parachuted out of a plane and driven off with an infantry squad has been narrowed to three finalists that are expected to deliver prototypes for review by Nov. 13.

General Motors (NYSE: GM), the Oshkosh Defense unit of Oshkosh (NYSE: OSK), and Polaris Industries (NYSE: PII) are vying for a contract to build 651 Infantry Squad Vehicles (ISV) to provide mobility for a nine-soldier squad and its equipment to get close to a battle after being dropped by parachute from a Sikorsky UH-60 Black Hawk helicopter or a Boeing CH-47 Chinook.

A Polaris Industries DAGOR ultra-light tactical vehicle being carried by a Black Hawk helicopter. Image source: Polaris Industries.

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Source Fool.com