As of Wednesday, August 22nd, 2012, the Joint Light Tactical Vehicle (LJTV) program awarded major contracts to three defense corporations with the intent to replace the U.S. Military’s Humvee truck. These new trucks will be lighter and more agile than its predecessor thanks to material and technology advances like composites. A decline in the U.S Defense Department’s budget over a year ago almost eliminated the JLTV all together. However, under the restructured limitations, the JLTV program is still pushing forward.

Oshkosh Corp. (OSK), Lockheed Martin Corp. (LMT) and AM General, LLC are the three finalist in hopes of producing the “New Humvees”. All three industry teams are using modular B-kit armor panels made of advanced lightweight composite materials instead of metal to keep weight down while providing ballistic, mine and IED protection. After the unveiling of the Fuel Efficient Humvee at the Society of Automotive Engineers (SAE) Conference earlier this year, the interest of revamping the Humvee has continued to grow.

[Fox Business]