Navistar protests M-ATV competition

Navistar International has apparently staged a protest of the M-ATV (all-terrain MRAP) competition. The grounds of the context remain unclear since Navistar successfully made it to the second round of that competition.

Navistar filed a protest of the contest with the U.S. Government Accountability Office on March 30, Michael Golden, the GAO's managing associate general counsel for procurement law, said in an interview today. The contest was under way at the time, and a GAO decision on the matter is due by July 8, he said.

Roy Wiley, spokesman for Navistar, confirmed the protest and declined to specify its legal basis because "the matter is under review."

(The Daily Herald)

Navistar's stock dropped on the announcement, according to the story. That makes sense, for one is not likely to protest a competition that one is winning handily.