MILWAUKEE--(BUSINESS WIRE)--REV Group (NYSE:REVG), a $2.4 billion manufacturer of industry-leading specialty vehicle brands and leading provider of parts and services and its wholly-owned subsidiary, ElDorado National-California (“ENC”) learned today that the board of directors of the Los Angeles County Metropolitan Transportation Authority approved the recommendation for award of contract to ENC to supply 295 40-foot CNG powered transit buses. There is a provision for an additional 305 buses or 600 buses in total over a 5-year period.
Along with related optional vehicle features, spare parts and training, this contract award represents over $400 million in revenue over the contract life.
“We are very pleased and excited about this award and the opportunity to provide Los Angeles County Metropolitan Transportation Authority with the best buses for the value,” said Tony Wayne, President of ElDorado-National California. “ENC won the bid based on addressing all of the contract requirements and delivering the best overall value considering all evaluation factors. Located in Riverside, California – ENC and our employees are proud to have been chosen to meet and exceed the expectations of the County.”
Work on this contract will commence once certain administrative matters pertaining to a competitor’s challenge have been resolved.
About REV Group
REV (REVG) is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. REV serves a diversified customer base primarily in the United States through three segments: Fire & Emergency, Commercial and Recreation. REV provides customized vehicle solutions for applications including: essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (“RVs”) and luxury buses). REV’s brand portfolio consists of 29 well-established principal vehicle brands including many of the most recognizable names within our served markets. Several of REV’s brands pioneered their specialty vehicle product categories and date back more than 50 years. Investors-REVG