Bob Salm
Show Information:
Weather Now:
News » WHBY News
Your Story

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


LATEST BLOGS
Happy Halloween Weekend... Since I have the day off Friday to freeze while handing out candy to kids, the Thursday…
posted by Philcast 1 day ago
Coming up on the Wednesday PhilCast show.... We'll play the "Yes or BS" game in the first hour. One lucky…
posted by Philcast 2 days ago
They call that a pizza? As an Italian-American I call that a hot mess....insulting to my people to even call…
posted by Philcast 3 days ago