Terex Corporation’s joint venture, American Truck Company (ATC), has received a contract with the US Army Tank-armaments and Automotive Command (TACOM) to supply Israel’s Ministry of Defence (IMOD) with 302 medium tactical trucks and associated logistics support. Delivery will take place over the next 12-14 months.
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The initial value of the contract is approximately $US54 million before options. IMOD also has options to purchase an additional 243 trucks for value in excess of $40 million.
Terex owns two-thirds of the ATC joint venture, The remainder is owned by Czech truckbuilder Tatra, a.s., and STV USA. ATC vehicles are based on Tatra designs and Terex also owns 71% of Tatra.
The United States is supplying the trucks to Israel under its Foreign Military Sales programme.
