UK: FMTV deal loss leads to US$929m write-down at BAE

Following a re-evaluation of a US Army contract to Oshkosh, which resulted in the Army affirming that the Family of Medium Tactical Vehicles (FMTV) contract will remain with Oshkosh, BAE Systems has said that it will take a charge of £592m (US$929m) to its 2009 accounts. BAE Systems and Navistar Defense Subscribe to Automotive World … Continued

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• February 16, 2010