Oshkosh Boosts Stock Buyback By 10 Million Shares

By Sue ChangMarketWatch Pulse

Oshkosh Corp. on Monday said it will increase its stock repurchase program by 10 million shares. It currently has 299,198 shares remaining in its previous repurchase authorization. The increase follows an announcement last week that the company won a U.S. military-contract worth $6.7 billion to build light trucks to replace aging Humvees. Shares of Oshkosh finished flat at $42.05 on Monday after five days of gains.

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