Appears solid.

“This is a 1954 near mint condition M38A1 Willys Jeep. This is the waterproof model of the Willys Jeep. It is in fantastic condition and except for a few upgrades and/or repairs that have been done over the years it is in original condition. For instance – New canvas top, starter, brake light on the back, overdrive was installed ( a $2,000+ addition), seat belts added etc.
This is the military 24 volt system. Has black-out lights, waterproof screw-on wires, rear canvas seat, also installed a hidden kill-switch so it can be parked in public. Original mileage 19,632”

http://nwct.craigslist.org/cto/5355951705.html