AM General wins Army’s JLTV recompete, deal valued up to $7.3 billion

 

WASHINGTON — The Army has selected AM General to produce its Joint Light Tactical Vehicle (JLTV), ending a years-long attempt to replace the service’s Humvee at a reduced price point. In the immediate aftermath of the decision, revealed Thursday evening in a contract announcement, a variety of unanswered questions remain about acquisition plans and the price tag. Under the new deal, AM General has received a $230.8 million contract to produce an unspecified number of JLTVs. However, that deal could be worth up to $7.3 billion over the next decade, according to government estimates. Read more »