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The bus manufacturing subsidiaries of Thor Industries Inc. were awarded a contract to build around 5,000 buses for the state of California for around $200 million.
Thor, parent of several high-profile RV manufacturing subsidiaries including Airstream, Dutchmen and Keystone, has a three-year contract with a two-year option to supply the buses to California, according to Wade F.B. Thompson, Thor’s chairman.
“We believe this is the largest unit contract ever awarded to a bus manufacturer and again demonstrates our leadership in the mid-size bus industry,” Thompson said. “Our plants in Kansas and Michigan are expected to start shipping these orders by mid-2002.”
During the first half of Thor’s fiscal year 2002, which ended Jan. 31, bus sales accounted for 31% of the company’s total revenue of $479 million. The balance of Thor’s revenue came from building RVs, primarily towables.