The replacement for the aging Humvee has finally been determined; the Oshkosh Joint Light Tactical Vehicle (JLTV) will take its place on the battlefield. Oshkosh beat out AM General and Lockheed Martin for the US Army’s biggest contract in years for the next generation JLTV.

The contract with Oshkosh is estimated to be worth $30 billion through 2024 starting with an initial low-rate production at $6.7 billion for 3 years before ramping up to full production for five-years. When the contract is completed Oshkosh will have built a total of 49,100 for the Army and 5,500 for the Marine Corps.

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Oshkosh has impressed the US Army with its vehicles before; the Mine Resistant Ambush Protected Vehicle (M-ATV) currently used in Afghanistan does an excellent Job of keeping troops protected from IEDs. The new JLTV vehicle looks to top that in every way, John Urias, president of Oshkosh Defense, said the company’s JLTV “is proven to provide the ballistic protection of a light tank, the underbody protection of an MRAP-class vehicle, and the off-road mobility of a Baja racer.” With improvement in every aspect of the vehicle, the myriad of terrain the troops will face should be tackled with ease. Urias also added that the JLTV will travel over terrain at speeds 70% faster than the M-ATV.

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With statements like that we're betting this JLTV is the real deal. With military builds specs are minimal, the only thing we know for sure is that it will be powered by a Banks 866T V8 Diesel engine based on Duramax architecture. If you’re a fan of the iconic Humvee don’t worry the US Army is only replacing a 1/3 of the current Humvee Fleet with the Oshkosh JLTV with the first vehicles arriving in fiscal 2018 for the Army and fiscal 2022 for the Marine Corps.