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WASHINGTON — The Army has selected AM General to produce its Joint Light Tactical Vehicle (JLTV), ending a years-long attempt to replace the service’s Humvee at a reduced price point.
In the immediate aftermath of the decision, revealed Thursday evening in a contract announcement, a variety of unanswered questions remain about acquisition plans and the price tag. Under the new deal, AM General has received a $230.8 million contract to produce an unspecified number of JLTVs. However, that deal could be worth up to $7.3 billion over the next decade, according to government estimates.
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