2021-02-23

7782

Cincinnati-based electric vehicle-maker Workhorse Group, which was a finalist for the multi-billion dollar postal service contract but whose all-electric offering was passed over, now appears to be the heir apparent to the deal, though there’s no guarantee the contract would go to Workhorse, Reuters reported.

2021-02-24 · Workhorse Group to Fight $6 Billion Contract Loss to Oshkosh (LLV) was supposed to have a 24-year life span, but was kept on life support as the USPS kept delaying the contract. Many Workhorse bulls have pinned their hopes on Workhorse being awarded all or part of the U.S. Postal Service Next Generation Delivery Vehicle contract, which some estimates say could be worth as More contracts and even winning a portion of the USPS deal will set up Workhorse for a bright future in the EV delivery truck sector without needing to hit these initial financial targets.The 2021-01-08 · More contracts and even winning a portion of the USPS deal will set up Workhorse for a bright future in the EV delivery truck sector without needing to hit these initial financial targets.The Shares of Workhorse Group [WKHS] dropped 8.3% in extended trading after falling nearly 50% on Tuesday. The massive selling in WKHS stock came after the electric delivery van maker lost a multi-billion dollar U.S. Postal Service (USPS) contract to rival, Oshkosh Corp. USPS Contract. USPS was selecting a company to contract with for its future delivery vehicles. Workhorse Group was one of the top four finalists being eyed by USPS for the ten-year contract. The contract is estimated to be worth $6.3 billion.

Workhorse usps contract

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The contract is estimated to be worth $6.3 billion. USPS announced on February 23, 2021, that it had awarded the ten-year contract to Oshkosh Defense. 2021-02-01 2021-02-25 The outlook for Workhorse stock could be bright if it secures the USPS contract. The USPS is looking forward to upgrading its aging fleet of mail trucks.

Probably the same if they got quite a large piece of the contract.

Oct 13, 2020 A West Coast-based investment banking firm predicts Workhorse Group Inc. will win the $8.1 billion U.S. Postal Service contract to manufacture 

Update 1537EST: The stock has been halted lower a fourth time. Good thing there's only 23 minutes left in the cash session. -- Shares of Workhorse imploded on Tuesday afternoon… 2021-02-26 · Under the contract’s initial $482 million investment, Oshkosh Defense will finalize the production design of the USPS's Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand 2021-02-24 · Electric-vehicle maker Workhorse Group Inc. shares fell on Wednesday, extending its decline to about 52% in two trading sessions, after losing out on a key contract from the U.S. Postal Service. Workhorse (WKHS) Loses Its Mojo While Microvast Gains as Oshkosh (OSK) Wins the USPS Next Generation Delivery Vehicle (NGDV) Contract By Rohail Saleem Feb 23, 2021 15:46 EST The United States Postal Service revealed last month that it had chosen Oshkosh Defense to make the next USPS mail truck, which meant that Workhorse, another bidder for the contract, lost.

Workhorse usps contract

Missing out on the USPS contract had sent Workhorse's stock plunging 47.5% on Feb. 23 to $16.46, and the stock has lost another 9.4% since 

Workhorse usps contract

Earlier this year, the Loveland, Ohio, startup said that Pride Group Enterprises would buy 6,320 C-Series all-electric delivery vehicles. 2021-02-24 · Workhorse Group to Fight $6 Billion Contract Loss to Oshkosh (LLV) was supposed to have a 24-year life span, but was kept on life support as the USPS kept delaying the contract. Many Workhorse bulls have pinned their hopes on Workhorse being awarded all or part of the U.S. Postal Service Next Generation Delivery Vehicle contract, which some estimates say could be worth as More contracts and even winning a portion of the USPS deal will set up Workhorse for a bright future in the EV delivery truck sector without needing to hit these initial financial targets.The 2021-01-08 · More contracts and even winning a portion of the USPS deal will set up Workhorse for a bright future in the EV delivery truck sector without needing to hit these initial financial targets.The Shares of Workhorse Group [WKHS] dropped 8.3% in extended trading after falling nearly 50% on Tuesday. The massive selling in WKHS stock came after the electric delivery van maker lost a multi-billion dollar U.S. Postal Service (USPS) contract to rival, Oshkosh Corp. USPS Contract.

Workhorse usps contract

Overall, three 2021-03-04 · Missing out on the USPS contract had sent Workhorse's stock plunging 47.5% on Feb. 23 to $16.46, and the stock has lost another 18.2% since then, putting it on track for the lowest close since June Workhorse shares lost nearly half their value on Feb. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. Workhorse shares rose 7.2% Monday to $17.34 on 2021-01-26 · In winning the USPS contract, Workhorse will cement itself as a viable leader in the electric delivery van market.
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Workhorse usps contract

Workhorse shares rose 7.2% Monday to  During the class period, Workhorse Group touted its potential to obtain the USPS contract, speculated that its all-electric vehicle "is probably the  In a July 21, 2020 article published by Benzinga, Steve Schrader, Workhorse's CFO, provided an update on the USPS contract estimated to be  The loss of the United States Postal Service contract by the Workhorse Group constitutes a major setback for the company, whose base case scenario lies in. The Workhorse Group and VT Hackney team competing for the multi-billion-dollar U.S. Postal Service mail truck contract has broken up.

Mar 15, 2021 Workhorse, an electric vehicle startup that was also in the running for the USPS contract, is located in Ohio and could benefit if there's a shift to  Oct 13, 2020 A West Coast-based investment banking firm predicts Workhorse Group Inc. will win the $8.1 billion U.S. Postal Service contract to manufacture  Mar 8, 2021 The quotes are intended to show that Workhorse led investors on about the possibility of getting all or part of the USPS's contract for new mail  Mar 10, 2021 Notably, the USPS did not select Ohio-based EV-maker Workhorse, a contender for the NGDV contract. Reps. Kaptur and Ryan both represent  Mar 4, 2021 CINCINNATI, March 04, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. that it had made an award under the NGDV contract to a competing finalist, the On March 3, 2021 Workhorse met with USPS representatives to ..
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PING i2100 Irons – Pure Precision: Built for precision, distance control and workability, i210 Irons are a workhorse for scoring. PING Signs Bubba Watson to 'Lifetime' Contract, PING signs Sahith Theegala Shipped with USPS Priority Mail.

Kaptur and Ryan both represent  Mar 4, 2021 CINCINNATI, March 04, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. that it had made an award under the NGDV contract to a competing finalist, the On March 3, 2021 Workhorse met with USPS representatives to .. Mar 3, 2021 In a statement, the company told News 5 “Lordstown Motors' business plan was never reliant on Workhorse receiving the USPS contract; if they  Mar 4, 2021 Ohio-based electric vehicle manufacturer Workhorse Group was passed over for the contract.


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Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was

PING Signs Bubba Watson to 'Lifetime' Contract, PING signs Sahith Theegala, College Player Shipped with USPS Priority Mail. Combine to deliver more speed, distance control a workhorse for scoring, Unlocking distance: Launch and. Shipped with USPS Priority Mail. PING introduces G425 drivers, fairways, hybrids, irons and crossovers, PING Signs Bubba Watson to 'Lifetime' Contract, PING Workhorse for scoring, Tyrrell Hatton and Stewart Cink each won in 2020 with  hybrids, irons and crossovers, PING Signs Bubba Watson to 'Lifetime' Contract, PING signs Sahith Theegala, Built for precision, distance control and workability, i210 Irons are a workhorse for scoring. Shipped with USPS Priority Mail. Workhorse Group rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp. and another lawmaker raised questions about Investors in WKHS stock were crushed when the company lost a U.S. Postal Service delivery-truck deal to Oshkosh Corp.