OSHKOSH, Wis. — March 6, 2008 — Oshkosh Corporation (NYSE:OSK) received a contract modification from the U.S. Army to the current family of heavy tactical vehicles (FHTV) contract, ordering the manufacture of 1,084 heavy expanded mobility tactical trucks (HEMTT) in the A4 configuration. This contract modification raises the total of Oshkosh® HEMTT A4s currently under contract to 1,745, for a total contract modification of more than $321 million. The Oshkosh HEMTT A4 production will begin in July 2008.
An original contract modification was awarded on February 1, 2008, while the second modification designated the vehicle models to be manufactured as HEMTT A4s. The Oshkosh Defense Group will continue to manufacture product-improved HEMTT A2s until the A4 upgrades take effect in July. The most recent improvements to the HEMTT A2 are a fully air conditioned cab and cab structural changes that makes installation of add-on-armor in the field quicker and easier.
The HEMTT’s 13-ton payload and off-road capabilities make it the backbone for the U.S. Army’s logistics fleet. Since its introduction in 1985, the HEMTT has helped keep the Army on the move during major conflicts such as Operations Desert Storm and Iraqi Freedom.
The vehicle also fulfills critical resupply missions in its different configurations, including fuel servicing, load handling system (LHS) and cargo variants.
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®, BAI®, Oshkosh Specialty Vehicles, Frontline®, SMIT®, Geesink®, Norba®, Kiggen®, CON-E-CO®, London® and IMT®.
The Oshkosh brands are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.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 access equipment, commercial and fire & emergency markets, especially during a recession, which the U.S. economy may be entering; 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.
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