Work on the vehicles will begin this month at the company’s
facility in West Point, Miss., and is expected to be completed in October 2013.
{mosads}Navistar’s stock has dropped from a high of $69 in April 2011
to $38 at the start of the year amid concerns over steep budget cuts at the
Pentagon. The company’s stock price rose above $40 on the news, and was up 3.2
percent at midday Tuesday.