Oshkosh Defense Supports Resources for Military Members With Armed Forces Foundation Congressional Gala Sponsorship
Event raises funding and awareness to assist military members and their families
OSHKOSH, Wis. (April 5, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is supporting the Armed Forces Foundation (AFF) as a sponsor of its 7th Annual Congressional Gala, held April 6 at the Ronald Reagan Building in Washington, D.C. The event will honor nearly 200 injured military members who will be in attendance and celebrate the 10-year anniversary of the AFF.
“As a company we go to great lengths to provide the best products and services possible to troops so they may safely complete their missions – but our commitment to military members doesn’t stop in the field,” said Andy Hove, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “Supporting troops when they return home is equally as important, which is why we are honored to support the AFF in its mission to provide military members and their families with a range of services to help them in times of need.”
Donations raised through the gala will benefit the AFF and its wide range of assistance, including financial support, career counseling, housing assistance and recreational therapy programs for service members and their loved ones. Out of every dollar donated, 94 cents goes directly to the military community.
“Oshkosh Defense has been an ongoing partner of the Foundation and has provided a great deal of support over the past several years,” said Patricia Driscoll, president and executive director of the Armed Forces Foundation. “They go far beyond merely paying lip service to supporting the troops. Without supporters like them, our foundation couldn’t exist.”
In 2010, Oshkosh and the AFF partnered to sponsor Rumble With a Cause, a nationwide sweepstakes that raised more than $150,000 for the AFF and awarded two grand prize winners with custom-painted motorcycles.
Oshkosh Defense has a long-standing history of supporting military members, both in the field and when they return, and their families through charitable giving and program support. The company has partnered with organizations such as Fisher House, USO, Tragedy Assistance Program for Survivors (TAPS), Wounded Warrior Project, Our Military Kids and others. Oshkosh also actively recruits from the military and currently employs more than 300 guard, reserve and retired military members.
About The Armed Forces Foundation:
The Armed Forces Foundation (AFF) was established in 2001 as a national 501 (c) (3) non-profit organization. A part of the U.S. Department of Defense’s America Supports You program, AFF considers it their duty; honor and privilege to serve the needs of those that have bravely served our country. AFF issues direct aid to our wounded warriors, as well as active-duty, retired personnel, Guard, Reserve Components and their families through a variety of programs. From financial assistance to morale, welfare and recreation, AFF’s dedication to our troops help them get back on their feet and care for their loved ones at home. For more information, please visit www.armedforcesfoundation.org.
About Oshkosh Defense
Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit www.oshkoshdefense.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the impact on revenues and margins of the decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof, especially in an environment when the U.S. government is operating under a Continuing Resolution budget action; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
Receive Oshkosh news as soon as it happens by entering your email address below. You will receive a confirmation e-mail within a few minutes. If you do not receive a confirmation e-mail, please notify us.
For further information
Sr. Manager, Global Marketing Communications