BUSINESS

Truck maker Oshkosh Corp. among U.S. companies sanctioned by Iran

Associated Press
Oshkosh Corp.

TEHRAN, Iran - Iran on Sunday sanctioned what it described as 15 American companies, alleging they support terrorism, repression and Israel’s occupation of land Palestinians want for a future state, likely in retaliation for sanctions earlier announced by the U.S.

The wide-ranging list from an American real estate company to a major arms manufacturer and Wisconsin’s Oshkosh Corp. appeared more symbolic than anything else as the firms weren’t immediately known to be doing business anywhere in the Islamic Republic.

Oshkosh Corp. is one of the world's largest manufacturers of military vehicles, with thousands of its trucks used by the U.S. military in Afghanistan and Iraq. The company also has produced military trucks for U.S. allies including Saudi Arabia, the United Emirates, Jordan, Oman, Greece, Turkey, Egypt and the United Kingdom.

By U.S. law, Oshkosh is not allowed to sell military vehicles to Iran, Syria, Sudan or any country on a U.S. list of state-sponsored terrorism.

A Foreign Ministry statement carried by the state-run IRNA news agency said the sanctions barred companies from any agreements with Iranian firms and that former and current directors would not be eligible for visas. It also said any of the companies’ assets in Iran could be seized.

“The sanctioned companies have, directly and/or indirectly, been involved in the brutal atrocities committed by the Zionist regime in the occupied Palestinian territories, or they have supported the regime’s terrorist activities and Israel’s development of Zionist settlements on the Palestinian soil,” the IRNA report said.

Oshkosh, has worked closely with Israeli armored products maker Plasan, including on the Sand Cat armored vehicle that is used by several countries, including Israel. The Israeli Defense Ministry is reportedly seeking to buy some 200 tactical trucks from Oshkosh.

The IRNA report referred to the sanctions as a “reciprocal act,” without elaborating. Iran’s new sanctions comes after the Trump administration in February sanctioned more than two dozen people and companies in retaliation for a recent ballistic missile test.

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The companies named did not immediately respond to requests for comment Sunday. They included ITT Corp., missile-maker Raytheon Co. and United Technologies Corp. Denver’s Re/Max Holdings Inc., a real estate company, also made the list.

Rick Barrett of the Journal Sentinel staff contributed to this report.