IED and RPG magnet. No armor. Open doors and windows. Bullet magnet. Pity the poor souls that ride that hearse.
The poor souls wrote the requirements for their "hearse" and this is at least getting close to what they wanted for ULCV. It hasn't entered acquisition phase yet, basically a technology demonstration. This isn't competing with JLTV, it is for a niche role to operate predominantly off-road with enhanced mobility.