- Navistar Defense, LLC has been awarded a contract for $24.8M for MaxxPro gunner restraints and an accelerated production schedule for the Dash, a lighter and more maneuverable variant of Navistar Defense's Mine Resistant Ambush Protected (MRAP) vehicle. Work under the contract will be performed at the company's West Point, Miss., assembly plant and will be completed by the end of June 2009.
- At Expo Transporte in Guadalajara, Mexico, Navistar today debuted a mid-sized commercial bus for Mexico and Latin America, with additional potential for other export markets.
- Continues to expand its global business, enhancing its presence in the Middle East with two new dealerships in Qatar and Oman. Currently, Navistar is represented by 15 full-service dealerships in 33 locations in the region, including Saudi Arabia and the United Arab Emirates.
- Some job reductions are expected from reorganization of truck business as functions are consolidated and streamlined to align with market conditions, but final numbers have not been determined. Sees an earnings impairment related to capacity for production of V-8 and V-6 diesel engines due to current economic conditions and significantly lower future outlook for these engines.
- Reminder: On 11/10 NAV said it would reogranize its truck operations.

Other headlines for [NAV]

• NAV 12/30/1899 00:00am
  Navistar International Corp CEO: may announce a 1M shares repurchase (1.4% of shares outstanding) - conf call summary- Expects to enter the motor home market in 2010
  
• NAV 12/30/1899 00:00am
  Navistar International Corp Guides FY09 EPS $5.10-5.60 v $6.08e, Rev $15-16B v $13.9Be- Sees Military unit rev of $2.3B - Suspending pay raises to management - Will need to refinance $1.4B in credit in Q2 2010 - Plans to buy more...
  
• 12/30/1899 00:00am
  US Treasury: considering aiding firms on case by case basis that serve the auto industry
  
• NAV 12/30/1899 00:00am
  Navistar International Corp Provides restatements to 2008 Q1, Q2 and Q3 EPS - filing- Cites errors in truck unit reporting - Changes Q1 EPS to -$0.92 from -$0.75 previously reported - Changes Q2 EPS to $2.88 from $2.94 more...
  
• NAV 12/30/1899 00:00am
  Navistar International Corp Reports Q4 -$4.81 (incl charges) v +$0.88e, R $3.87B v $3.72Be ($3.20B y/y)- Q4 and FY results include impairment charges of $358M. - Reports FY08 profit ex-items $7.23 v $6.71e - FY08 R $14.7B v more...
  

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