There is indeed a panhard bar behind the axle.

There are also two fairly long (for a stock setup) trailing arms attached to the frame rails, and a short center link attached to the top of the diff. Matt Brown of Independent4x described it as sort of a half-assed 3-link.

Half-assed or not, it works quite well.

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Steve Carlson - 95 Trooper LS expo rig
Serenity now!