Caterpillar awarded $633M government contract Caterpillar was awarded a fixed-price with economic-price-adjustment contract with a maximum $633M for material handling equipment. The type of appropriation is FY13-FY18 Defense Working Capital funds.
Chanos says heavy equipment companies 'have the wind in their face' Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).