OSHKOSH, Wis. — (Jan. 30, 2007) — Oshkosh Truck Corporation (NYSE:OSK) announced today that the company has been awarded a contract by Marine Corps Systems Command to provide four test vehicles in support of the Mine Resistant Ambush Protected (MRAP) vehicle program. Under the contract, Oshkosh will provide two Category I and two Category II vehicles, which will then undergo testing at the government’s Aberdeen Proving Ground. Oshkosh Truck was one of several companies awarded a contract to provide vehicles for testing under the MRAP initiative.
The Category I vehicle is the smaller of the two vehicles, intended for urban operations and referred to as the Mine Resistant Utility Vehicle (MRUV). The Category II vehicle is a larger platform, designated as the Joint Explosive Ordnance Disposal Rapid Response Vehicle (JERRV), and is designed to carry up to 10 passengers on multiple types of missions.
“We’re extremely proud to have been chosen as one of the possible MRAP vehicle providers,” said John Stoddart, Oshkosh’s executive vice president and president of defense. “We believe our proposed solutions for the MRAP program are highly successful vehicle designs. When paired with Oshkosh’s quality manufacturing, design expertise, and our global service network, they would provide the military with both world-class vehicles and unmatched service and support.”
Following testing, the Marine Corps program office can place orders on the Indefinite Delivery, Indefinite Quantity contract for up to 1,500 of the Category I vehicles, and 2,600 of the Category II vehicles. The MRAP program is a joint acquisition taking place under Rapid Deployment Capability authority, intended to field protected vehicles to forces in theater in large quantities as rapidly as possible.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire and emergency and military vehicles and vehicle bodies. Oshkosh’s products are valued worldwide by rental companies, fire and emergency units, defense forces, municipal and airport support services, and concrete placement and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshtruck.com.
Forward-Looking Statements
This press release contains statements that the company believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “expects,” “intends,” “estimates,” “anticipates,” or “believes” and similar expressions 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 that 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 markets, the company’s ability to successfully integrate the JLG acquisition, the consequences of financial leverage associated with the JLG acquisition, risks related to reductions in government expenditures, the uncertainty of government contracts and the company’s ability to turnaround its Geesink Norba Group business. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission.
