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Military cutbacks hurt Oshkosh Corp.

The leader of a local business group says he's not too concerned about a disappointing third-quarter economic report from the Oshkosh Corporation.

The company reported a 46 percent drop in sales for the defense division, and an overall earnings decline of 29 percent.

Oshkosh Area Chamber of Commerce president John Casper says other areas of the company improved. He says that includes a 27 percent sales boost in the commercial division. He hopes those sectors can eventually make up for a drop in U.S. military purchases.

Casper says if Oshkosh can win a contract to replace the military's Humvees, in a couple of years, many of the losses would be offset.

posted : July, 30th by WHBY


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