Navistar Defense Wins $261 Million Contract for International(R) MaxxPro(TM) MRAP...

Thu Apr 17, 2008 11:42am EDT

* Reuters is not responsible for the content in this press release.

Navistar Defense Wins $261 Million Contract for International(R) MaxxPro(TM) MRAP Armor Upgrades

       Offers Tougher Defense against Evolving Explosive Threats
WARRENVILLE, Ill.--(Business Wire)--
Armor upgrades to Mine Resistant Ambush Protected (MRAP) vehicles
will provide U.S. troops with a tougher defense against evolving
explosive threats. Navistar Defense, LLC won a contract valued at more
than $261 million from the U.S. Marines for engineering upgrades to
the armor used on International(R) MaxxPro(TM) MRAP vehicles. Navistar
Defense, formerly known as International Military and Government, LLC,
is a wholly owned affiliate of Navistar International Corporation
(Other OTC: NAVZ).

   Under the new contract, armor protection on production MaxxPro
MRAP vehicles will be increased to that of the MaxxPro Plus protection

   MaxxPro MRAP vehicles are designed to protect troops from roadside
bombs and other threats. To date, the military has ordered 5,214 total
production MaxxPro MRAP vehicles.

   "Our close collaboration with the U.S. military allows us to
swiftly adapt our vehicles to meet the growing threats and challenges
faced by our troops in theater," said Archie Massicotte, president of
Navistar Defense. "It is a privilege to build and service the MaxxPro
MRAP vehicles because this is about protecting our troops so they can
fulfill their missions safely."

   Navistar International Corporation (Other OTC: NAVZ) is a holding
company whose wholly owned subsidiaries produce International(R) brand
commercial and military trucks, MaxxForce(TM) brand diesel engines, IC
brand school and commercial buses, and Workhorse brand chassis for
motor homes and step vans. It also is a private-label designer and
manufacturer of diesel engines for the pickup truck, van and SUV
markets. The company also provides truck and diesel engine parts and
service. Another affiliate offers financing services. Additional
information is available at

Navistar International Corporation
Media contact:
Tim Touhy, 630-753-3869
Investor contact:
Heather Kos, 630-753-2406
Web site:

Copyright Business Wire 2008

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.