Shares in Oshkosh surged on the news that Icahn was set to bid for the company.
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Mr. JORDAN MONROE (Reporter, Youth Radio): Blues has been in my life since Oshkosh B'Gosh.
"I deplore the leaks that have taken place, " he said on a trip to Oshkosh, Wisconsin.
Oshkosh is a leading manufacturer of specialty vehicles, including fire trucks, military trucks and concrete-mixer trucks.
They write that Oshkosh has a lot of customers in cyclical industries, like construction.
It sidestepped a successful protest by the losing bidders (including Navistar) and directed the work to Oshkosh.
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Oshkosh bulls write that it has the No. 1 market share in many of its product categories.
"They would iron their clothes and pack their knapsack, " says Richards, now a criminologist at University of Wisconsin-Oshkosh.
Another competitor, Oshkosh Trucks, has entered TerraMax, an 11-foot-tall, 12-ton robotic truck roughly the size of an 18-wheeler's cab.
But now that Relational has gone after L-3 and Icahn has targeted Oshkosh, the story is taking on a different meaning.
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Or maybe the neighbors will send her pies and petunias instead, and thank her for being such a great crime-stopper in Oshkosh.
"I can easily foresee a future where we can achieve a 75% reduction of troops at risk, " says Joaquin Salas at Oshkosh.
In Oshkosh, Wisconsin, runners will head out this weekend for a half-marathon.
Compared with the competition, Oshkosh is run more profitably and it's cheaper (and will continue to be less expensive in the future).
So, basically, Oshkosh is telling Wall Street that the road traveled by its rumbling vehicles might be bumpy in the second quarter.
Companies that may suffer include Cummins (CMI) and Oshkosh (OSK).
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Currently, the company dominates the Milwaukee food market with a leading 50% market share, along with other Wisconsin cities like Madison and Oshkosh.
With its back to the wall, Oshkosh management turned to the one customer that had enough cash to save it: the U.S. military.
FORBES: Oshkosh Proof That Pentagon Can Make, Or Break, A Company
Cellcom's 4G LTE network includes cell sites in Green Bay, Sturgeon Bay, Appleton, Oshkosh, Wausau, Manitowoc and parts of Oconto and Marinette Counties.
But more important is that Oshkosh's offering is based on a common Marine supply vehicle, making a future deal with the military almost inevitable.
Plenty of workers at other companies lost their jobs when Oshkosh displaced the incumbent producer of the trucks that are now weighing down results.
FORBES: Oshkosh Proof That Pentagon Can Make, Or Break, A Company
According to Segarra, Oshkosh has an operating earnings yield of 6% and ranks above 71% of the other companies in the Ford universe of stocks.
Oshkosh makes specialty trucks for the defense, fire, and emergency markets.
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But when it comes to contract terms, the aggressively-priced proposal that won the work for Oshkosh two years ago has now come back to haunt it.
FORBES: Oshkosh Proof That Pentagon Can Make, Or Break, A Company
TerraMax, a 12-ton Oshkosh military truck fitted with laser sensors and global positioning equipment, nearly plowed into a concrete pillar and was disqualified early in the race.
From the viewpoint of investors, Oshkosh had been saved by the U.S. Army, and it now had the revenues required to pay debts and preserve core franchises.
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Other investors predictably piled into the stock, raising the share price markedly but burdening Oshkosh executives with a sizable faction of shareholders bent on realizing substantial near-term gains.
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The subsequent moves on L-3 and Oshkosh confirm that shareholder activism will be a persistent undercurrent influencing defense managers as they seek to adapt to changing market conditions.
FORBES: Faltering Defense Industry Faces New Danger: Activist Investors
Four-year schools could follow the lead of the University of Wisconsin-Oshkosh, which used the program to connect with dropouts who might still be interested in a two-year diploma.
The possibility it might lack the resources to cover overruns got short shrift, and after a few modifications the Army pushed ahead with re-awarding the work to Oshkosh.
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