Michelin is back on the mission...
Leading tyre manufacturer Michelin has once again been selected by the United States military to manage its military tyre program for ten years. The contract is valued at $1.7 billion and includes the job of providing ground tyres for every class of wheeled vehicles for all military divisions, i.e. Army, Air Force and Navy. Apart from this, Michelin has also been awarded with the contract of military aircraft tyres valuing at $700 million. To meet the soaring demand, mainly driven by Operation Iraqi Freedom, the company has invested $16 million to increase military tyre production. Apart from this, the company was also awarded with a contract for military aircraft tyres valued at $700 million.
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Source : IIPM Editorial, 2007
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