Thursday, August 31, 2017

Caterpillar Lands 663-Million-Dollar Pentagon Contract

Caterpillar's stock is trading higher on the news that the company will be building tractors for the U.S. military.  Cat announced a 663-million-dollar contract with the Pentagon yesterday.  No one is saying just what Cat will be building, but the work will be done at Cat's East Peoria facility where heavy tractors are made.  The five-year deal runs through 2022.

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