Oshkosh Corp. division, Air Force sign $20M deal
OSHKOSH, Wis. (AP) — The airport-related division of Oshkosh Corp. will provide 36 vehicles to the U.S. Air Force in a deal worth nearly $20 million.
Oshkosh Airport Products Group said Thursday the vehicles will be deployed at Air Force bases around the world starting in January.
The deal calls for 15 Striker vehicles, which are large firefighting trucks specially equipped to handle emergencies involving airports and aircraft.
It also calls for 21 snow-clearing vehicles, which are huge trucks designed to remove snow from miles of runways. They can throw as much as 5,000 tons of snow per hour.
Oshkosh Corp. makes large vehicles including armored military trucks and fire and rescue equipment.
Shares rose 75 cents, or 2.4 percent, to $32.39 in morning trading Thursday.
Sep 4, 2009 at 4:11 p.m.
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Another link:
http://tinyurl.com/lpdr32
Sep 4, 2009 at 4:10 p.m.
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Wow. Brilliant argument. It's like TOTALLY THE SAME!
The depression ended in 1933. The economy expanded in 1934. We did not begin even discussing lend-lease until 1940 and we did not enter WWII until only weeks before 1942. That is nearly a decade later so the entry into WWII had ZERO to do with the END of the Depression.
In 1934, "the economy turns around: GNP rises 7.7 percent, and unemployment falls to 21.7 percent. A long road to recovery begins."
"Sweden becomes the first nation to recover fully from the Great Depression. It has followed a policy of Keynesian deficit spending."
Yes, deficit spending. It began during WWI and has, with the notable exceptions of Eisenhower and Clinton, continued ever since.
http://www.huppi.com/kangaroo/Timeline.h...
Sep 4, 2009 at 10:16 a.m.
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"certainly accelerated the exit from" OR "ended"
six to one / half a dozen to the other
Sep 3, 2009 at 9:11 p.m.
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No, WWII is ***NOT*** what ended the Great Depression.
However, the rise of the war "machine" or military-industrial complex, greatly spurred by government borrowing and spending, certainly accelerated the exit from the depression and the rise of the mid-century middle class.
To further counter this belief, I offer just three pieces of evidence (many more can be studied):
1. The demand for manufactured goods and the amount of trade between the US, Canada, Central and South America, and Europe vastly increased after 1933.
2. The rise in engineering and technology during the 1930s is actually quite breathtaking: aircraft design (the 30s are often considered the golden age of aircraft design) , skyscraper construction, dam (Hoover finished 1936) and bridge (e.g. Golden Gate finished 1937) construction, metallurgy, massive refinery construction along the Texas coast, etc. I'll note only in passing that our scientific and technological breakthroughs in the 1930s allowed this nation to so quickly ramp up and produce what was needed to win the war in the 1940s.
3. The second Sino-Japan war (1937-45 but long simmering since the first war in the 1890s) did not help the Japanese economy much despite the massive influx of raw materials. War does not inherently lead to economic prosperity and few wars have led to long-term economic prosperity. The Soviet Union won the Eastern Front in WWII but one would be hard pressed to say the benefited economically!
Sep 3, 2009 at 3:21 p.m.
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sad but true...
Sep 3, 2009 at 1:09 p.m.
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Well it is what ended the Great Depression.
Sep 3, 2009 at 12:13 p.m.
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This is like a broken record. How much $ total in the past few weeks? I guess war is profitable...
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