This paper presents a dynamic modeling of a military vehicle suspension featuring disc spring and MR valve. Firstly, the dynamic model of the disc spring is established with respect to the load and pressure. The nonlinear behavior of the spring is incorporated with the model. Secondly, the dynamic model of the MR valve is derived by considering the pressure drop due to the viscosity and yield stress of MR fluid. The governing characteristics of the proposed suspension system are then investigated by presenting the field-dependent pressure drop of the MR valve and spring force of the gas spring.