Oshkosh Defense Sponsors Service Members of the Year Awards
Oshkosh Defense sponsors award to service members that demonstrate exemplary pride, dedication and courage
OSHKOSH, Wis. (July 20, 2012) — For the third consecutive year, Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), supported the Military Times Service Members of the Year Awards. The 2012 Awards Ceremony, held Thursday at the Capitol Hill Cannon House Office Building in Washington, D.C, honors service members who demonstrate exemplary pride, dedication and courage.
“Role model, mentor, respected leader – these are some of the words used to describe the outstanding men and women being honored,” said John Urias, executive vice president, Oshkosh Corporation and president, Oshkosh Defense. “While performing exceptionally well in their respective fields as they serve our country, they also actively serve as leaders in their communities and in volunteer organizations. We’re proud to support the Service Members of the Year Awards and honor their accomplishments.”
The Service Members of the Year Awards were established in 2001 to highlight exemplary achievement by a service member beyond the call of duty. Recipients are also selected based on their high level of professionalism, their concern for fellow service members and their commitment to community service.
This year’s winners include Soldier of the Year Sergeant Steven B. Davidson, Marine of the Year Staff Sergeant Jessie C. McDonald, Sailor of the Year HM1(SW) Maria T. Decena-Taylor, Airman of the Year Master Sergeant Brandon J. Lambert and Coast Guardsman of the Year Ensign Stacy L. Smith. The winners were honored at the ceremony in the presence of officials from their commands, members of Congress and senior Pentagon officials.
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 Tragedy Assistance Program for Survivors (TAPS), Fisher House Foundation, Disabled Sports USA/Wounded Warfighter Program, Military Child Education Coalition and others. Oshkosh also currently employs more than 300 guard, reserve and retired military members.
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.
®, TM 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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets; the expected level and timing of the U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to increase prices to offset higher input costs; risks related to facilities consolidation and alignment, including costs and charges thereof and that anticipated cost savings may not be achieved; 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 Company or equity market expectations; 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; 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 or shipment delays arising from 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 actions of activist shareholders; and the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. 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.
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