Terex venture is awarded U.S. contract

Terex recently announced that its joint venture, American Truck Company, which Terex is two-thirds owner, has been awarded a contract with the U.S. Army tank armaments and automotive command (TACOM) to supply the ministry defense of Israel with 302 medium tactical trucks and associated logistics support. The order is valued at approximately $54 million before operations. The Ministry of Defense of Israel also has the option to purchase an additional 243 trucks, valued more than $40 million. The 302 trucks are being supplied to Israel by the United States under the U.S. Foreign Military Sales Program.