OSHKOSH, Wis. (August 27, 2008) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE:OSK), today announced that it has received orders from General Mitchell International Airport in Milwaukee, Wis., for nine Oshkosh® HT-Series™ snow tractors, three Oshkosh H-Series™ snow blowers and two Oshkosh Striker® aircraft rescue and fire fighting (ARFF) vehicles. The order is valued at $5.6 million and delivery is scheduled for March 2009.
“This order is an outstanding example of Oshkosh’s mission to provide the most technologically advanced and innovative portfolio of vehicles engineered specifically for the world’s finest airport operations,” said Tim Raupp, Oshkosh Corporation Airport Products Group president. “Tremendous vehicles, plus round the clock service and support were keys to our being awarded this significant contract with General Mitchell International Airport.”
The HT-Series snow tractor vehicle is an all-purpose, multi-tasking apparatus that can perform a myriad of functions, including plowing, sweeping, scraping and/or forced air blowing. The H-Series high-speed blower vehicle can throw snow as far as 150 feet while operating at speeds up to 35 mph. Both the HT-Series and H-Series vehicles feature tremendous visibility with more glass, no corner posts and rear three-quarter windows to eliminate blind spots. The large, comfortable cockpit offers two full size seats, digital climate controls and Command Zone™ advanced electronics with built-in safety features.
A leading consumer magazine called the Oshkosh Striker the “Porsche 959 of fire trucks” for its fast-response acceleration, unmatched visibility and triple-agent firefighting capability. Both of the Striker 3000 models specified by Milwaukee feature a 3,000 gallon water tank, TAK-4® independent suspension, 680 hp engine, electronic foam proportioning and a high volume low attack bumper turret. One of the Striker vehicles also features a Snozzle™ high reach extendable turret.
General Mitchell International Airport is owned by Milwaukee County and operated by the Department of Transportation & Public Works, Airport Division, and is the largest airport in Wisconsin. General Mitchell serves 13 airlines that offer approximately 235 daily departures and fly direct to 90 cities, which ranks Milwaukee among the top 10 percent of U.S. cities in the number of nonstop destinations.
About Oshkosh Airport Products
The Oshkosh Airport Group, a division of Oshkosh Corporation, is a designer and builder of industry-leading airport fire fighting and snow removal vehicles. Its flagship Striker¨ Aircraft Rescue and Fire Fighting (ARFF) vehicle and Oshkosh® H-Series™ snow removal chassis are known for their durability and superior performance and sold throughout the world. For more information, visit www.oshkoshairport.com.
About Oshkosh Corporation
Oshkosh Corporation [NYSE: OSK] is the leading North American manufacturer of a broad range of snow removal vehicles, fire and emergency vehicles, specialty access equipment, commercial vehicles, and military vehicles and vehicle bodies. Oshkosh’s products are valued worldwide by municipal and airport support services, fire and emergency units, concrete placement companies, rental companies, defense forces, and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit 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 consequences of the Company’s financial leverage position and the level of associated borrowing costs; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a recession, which many believe the U.S. economy has already entered; risks related to reductions in government expenditures and 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.
