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Massive armor needs trigger industry gold rush.

A steady stream of military contracts for armored vehicles has set off a flurry of industry takeovers and lash-ups that would have been inconceivable only a few years ago. Just in recent weeks, the industry has undergone a gradual metamorphosis. One of the Army's major truck manufacturers, Stewart & Stevenson, was acquired by an armor supplier, Armor Holdings. Another armor provider, Ceradyne Inc., entered the vehicle market with the introduction of a new line of commercial armored trucks. Oshkosh Truck Corporation, which dominates the Marine Corps' truck market, signed an agreement with an Australian firm to sell the Bushmaster armored vehicle in North America. Defense industry giant Lockheed Martin purchased a British firm so it could secure the design rights for an armored vehicle it wants to sell to the U.S. military.

As one industry watcher points out, "When was the last time that trucks were this interesting?"
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Title Annotation:Washington PULSE
Author:Erwin, Sandra I.
Publication:National Defense
Date:Apr 1, 2006
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