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Lockheed Martin (NYSE:LMT) says it filed a formal protest against the $6.75B U.S. Army contract to build almost 17K armored trucks awarded to Oshkosh (NYSE:OSK) last month, without elaborating on its specific concerns.
Chief executive Dave Lewis said the sale process had been “highly competitive”, adding: “This sale realises material value for shareholders and allows us to make significant progress on our strategic priority of protecting and strengthening our balance sheet”.
Fiat Chrysler recently recalled over 8,000 vehicles that are vulnerable to a bug through which hackers can take control over the car’s computer system, which would eventually give them the control over the entire auto.