Workhorse Jumps on USPS Contract Challenge By Investing.com
By Christiana Sciaudone Investing.com -- Workhorse jumped 11% after Reuters reported it will challenge the USPS decision to award a multibillion-dollar, 10-year contract to Oshkosh (NYSE:OSK) Defense for a new generation of postal delivery vehicles. The contract, which could be worth more than $6 billion, includes the delivery of 50,000 and 165,000 of internal-combustion and battery-electric vehicles over 10 years. Workhorse had proposed an all-electric vehicle fleet. The bid protest will be filed in the U.S. Court of Federal Claims as soon as today, a source familiar with the matter told Reuters. Workhorse rallied in 2020...
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