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MarketScreener Homepage  >  Equities  >  Nyse  >  Navistar International Corp    NAV

NAVISTAR INTERNATIONAL CORP

(NAV)
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Navistar International : To Invest $125 Million In Alabama ; Investment brings 145 additional jobs to Huntsville

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06/18/2019 | 11:29am EDT

LISLE, Ill - Navistar, a leading maker of commercial trucks and buses, has decided to make capital investments of approximately $125 million in new and expanded manufacturing facilities in the state of Alabama, the company announced today. The investment will bring 145 additional jobs to the company's Huntsville facility.

The company, which already manufactures International brand diesel engines at its plant in Huntsville, Ala., plans to make the new investments over the next three years. Its intent is to produce next-generation big-bore powertrains developed with its global alliance partner TRATON.

'Over the last two decades, the state of Alabama has been a wonderful partner for Navistar as we have developed and produced big-bore engines and other products in the state,' said Persio Lisboa, Navistar's executive vice president and chief operating officer. 'Today, we are excited to have the opportunity to expand our presence in Alabama, while adding to our array of next-generation products.'

The principal engine currently built at Navistar'sHuntsville plant is the International A26, a 12.4 liter big-bore engine that is offered in Class 8 on-highway trucks such as the International LT Series and RH Series, as well as in vocational trucks such as the International HV Series and HX Series.

'Navistar has been a longstanding corporate partner in our community and we are glad to see the company continues to see Huntsville as a strategic part of their growth strategy,' said Tommy Battle, Mayor of Huntsville, Alabama. 'We welcome the new production component to Navistar's manufacturing operations and look forward to a successful future.'

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International brand commercial and military trucks, proprietary diesel engines, and IC Bus brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.

SOURCE Navistar

For further information: Media contact: Lyndi McMillan, lyndi.mcmillan@navistar.com, 331-332-3181; or Investor contact: Marty Ketelaar, marty.ketelaar@navistar.com, 331-332-2706; or Web site: www.Navistar.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 11 477 M
EBIT 2019 734 M
Net income 2019 302 M
Debt 2019 3 882 M
Yield 2019 -
P/E ratio 2019 8,05x
P/E ratio 2020 7,61x
EV / Sales2019 0,54x
EV / Sales2020 0,49x
Capitalization 2 368 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 37,43  $
Last Close Price 23,88  $
Spread / Highest target 130%
Spread / Average Target 56,8%
Spread / Lowest Target -3,69%
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Managers
NameTitle
Troy A. Clarke Chairman, President & Chief Executive Officer
Persio V. Lisboa Chief Operating Officer & Executive Vice President
Walter Gerhardt Borst Chief Financial Officer & Executive Vice President
Julie Ragland Chief Information Officer & Senior Vice President
Vincent J. Intrieri Lead Independent Director
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