Workhorse requests more information from USPS on award decision
(Reuters) – Electric vehicle maker Workhorse Group Inc said on Wednesday it had requested more information from the U.S. Postal Service after it lost a multibillion-dollar contract to Oshkosh Defense for making a new generation of postal delivery vehicles.
Workhorse intends to explore all avenues that are available to non-awarded finalists in a government bidding process, the company said in a statement.
Workhorse shares were down about 10% in premarket trading on Wednesday. They had lost nearly half their value a day earlier after USPS said it would award the 10-year contract to Oshkosh Defense, a unit of Oshkosh Corp.
I thought the PO was broke? It’s all funny money on the books.
The entire US government is broke with 20+ billion in debt. You notice that doesn’t stop them spending. They even spend four or five billion dollars just sending out money to people for covid-19.
Has all government agencies do they just keep piling debt on top of debt.