Award received from Military Training Technology Magazine
OSHKOSH, Wis. (Nov. 8, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been recognized for the third consecutive year as a Top Simulation and Training Company by Military Training Technology Magazine. This annual list recognizes companies that have made a significant impact in the military training industry.
“At the Oshkosh Product Training Center, we are constantly striving to further our support for troops and their missions,” said Dan Albrecht, director of Product Training Solutions for Oshkosh Defense. “We’ve enhanced our vehicle operation and maintenance training capabilities with the Oshkosh Virtual Trainer and Technical Video Instruction (TVI). Blending these tools with classroom training and hands-on experience allows a greater number of troops to gain a wider variety of skills in a safe environment and keeps training costs down.”
Oshkosh supports the military forces with fully integrated product support that encompasses readiness, life-cycle management and fleet modernization. The Oshkosh Product Training Center provides expertise-level training for vehicle operators and mechanics on all Oshkosh vehicles and technologies globally. These training services include mobile training teams sent in-theater or to customer locations throughout the world, as well as training at the Oshkosh Corporation campus in Wisconsin.
The first Oshkosh virtual training module, for the Heavy Expanded Mobility Tactical Truck (HEMTT) M978 Tanker, has been incorporated into the aftermarket sustainment training offered by Oshkosh for the U.S. Army. The Oshkosh Virtual Trainer has been shown to reduce training time by two days compared to the traditional classroom approach – an efficiency that equates to a 20 percent or more cost savings per participant. Additionally, students are able to practice fueling and refueling procedures and recovering from a fuel spill in the virtual world without exposure to the real-life hazards of such processes. TVI allows classes to preview how to correctly perform tasks prior to attempting to work on an actual vehicle, preventing wear and tear on government demonstration vehicles. Additionally, TVI is incorporated into the training when safety or quality needs to be emphasized.
In awarding the Top Simulation and Training Companies, Military Training Technology Magazine considers a spectrum of technologies and services, including simulation, distributed learning, serious gaming, visual systems, embedded training, targets and ranges, and database modeling.
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 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®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, 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, please visit www.oshkoshcorporation.com.
®, TM All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
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, especially in the current environment where there are conflicting signs regarding the future global economic outlook; 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; the ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to the Company’s exit from its ambulance business, including the amounts of related costs and charges; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; 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; 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, including the amount of related costs; the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals; risks and uncertainties associated with the pending tender offer for the Company’s shares, the outcome of any litigation related to the offer or any other offer or proposal, and the Board’s recommendation to the shareholders concerning the offer or any other offer or proposal. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K. 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.
