American company Oshkosh Defense, a light tactical vehicle manufacturer, announced Tuesday that it has agreed to buy Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsport and multiple ground vehicle markets, for a price of $115 million. Pratt Miller will maintain its name, team members, facilities and branding elements.
The engineering company founded in 1989 is becoming known for its robotics capabilities and recently won a U.S. Army contract in a partnership with QinetiQ to provide the service prototypes of the light variant of its Robotic Combat Vehicle (RCV) for evaluation.
The Defense News website reported that Pratt Miller also won a contract to develop a design to integrate a new weapon system onto a Stryker combat vehicle under the Stryker Medium Caliber Weapons System (MCWS) lethality program....MORE
