OSHKOSH, Wis. (July 1, 2022) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the U.S. Army Contracting Command – Detroit Arsenal has placed a $216 Million order for 513 Joint Light Tactical Vehicles (JLTVs) and 1,152 trailers (JLTV-T) for the U.S. Army, U.S. Marine Corps, U.S. Air Force, U.S. Navy, and the Armed Forces of Montenegro, Brazil, and Lithuania.
Today’s announcement comes just a month before the follow-on contract proposals are due. The contract calls for more than 15,000 additional vehicles over five order years followed by five option years, extending the associated production through 2034. The contract is expected to be awarded during the first quarter of 2023.
“Seven years ago, we assembled a world-class team of experts in engineering, manufacturing, supply chain management, and operations, and delivered a winning JLTV solution to the U.S. military,” said George Mansfield, Vice President and General Manager of Joint Programs for Oshkosh Defense. “Today, we have an experienced workforce, a refined manufacturing process, and a mature, robust supply chain. No one else can say that. We are committed to delivering the best protected mobility vehicle for years to come.”
To date, Oshkosh Defense has also built almost 17,000 vehicles and delivered them to over 50 locations worldwide.
About Oshkosh Defense
Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.
Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].
Learn more about Oshkosh Defense at oshkoshdefense.com.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 14,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, London™ and Pratt Miller. For more information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news 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 news 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 overall impact of the COVID-19 pandemic on the Company’s business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company’s Access Equipment, Commercial and Fire & Emergency markets, which are particularly impacted by the strength of the U.S. and European economies and construction seasons.
