OSHKOSH, Wis. — Sept. 29, 2008 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded multiple contracts valued at $28 million from U.S. Marine Corps Systems Command (MARCORSYSCOM) for aftermarket support of the Oshkosh Medium Tactical Vehicle Replacement (MTVR) fleet.
Oshkosh will deliver nearly 200 reducible-height armor kits, more than 200 fuel fire protection kits and more than 160 vehicle engines to support in-theater maintenance and repair of the MTVR. The reducible-height version of the armor kit allows the Marine Corps to transport armored MTVRs aboard ships by lowering the overall height of the vehicle. Work will be completed by September 2009.
“The armor kits have proven extremely successful in enhancing the protection provided to Marines in Iraq and Afghanistan since they were originally fielded in 2005,” said John Stoddart, executive vice president and president, Defense, Oshkosh Corporation. “We were the first manufacturer to provide integrated armor kits on vehicles and will continue to lead the way in developing and fielding tactical wheeled vehicle technology to enhance survivability on the battlefield.”
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 Corp. 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®. Oshkosh products 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 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.
