Workhorse Group (WKHS) Cut In Half After Losing Out on Massive USPS Next Gen Vehicle Deal
Tweet
Share
E-mail
Get Alerts WKHS Hot Sheet
Up)Join SI Premium – FREE
Workhorse Group (NASDAQ: WKHS) shares were clobbered 47% after the company lost out on the massive U.S. Postal Service (USPS) fleet upgrade award. The USPS instead awarded the contract to Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK).
The contract allows for the delivery of between 50,000 and 165,000 Next Generation Delivery Vehicle (NGDV) over a period of 10 years.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Central Securities (CET) Releases Report to Stockholders
- Calavo Growers (CVGW) Issues Update to Shareholders
Create E-mail Alert Related Categories
Corporate News, Hot Corp. News, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
