OSHKOSH, Wis. — Aug. 13, 2009 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has delivered a competitively priced and low-risk bid for the U.S. Army’s Family of Medium Tactical Vehicles (FMTV) competitive rebuy.
In addition to pre-award production and engineering investments that are being performed at no charge to the government, Oshkosh Defense has strategic relationships with almost 90 percent of the FMTV’s major component suppliers. As a result of current production volumes with these suppliers, Oshkosh Defense can submit an FMTV pricing structure that is equal to, if not better than, the incumbent program.
“As with all of our programs, we are committed to supplying high-quality FMTV vehicles according to the delivery schedule and at a very competitive price,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “The significant investments we have made in our production capabilities make us a stronger, leaner manufacturer with minimal new equipment startup costs.”
Oshkosh Defense’s pre-award FMTV investments include preparing the production workforce, engineering vehicle components and purchasing tooling. The company also has independently completed the design and production of a long-term armor strategy (LTAS)-compliant FMTV cab to provide a “hot” start to the program, reduce risk and ensure timely production deliveries. As the supplier of the Army’s Family of Heavy Tactical Vehicles (FHTV), Oshkosh Defense has demonstrated its commitment to maintaining that program at affordable levels. The company will work with the Army to do the same for the FMTV.
The FMTV program is a five-year, multibillion-dollar contract award for the production of an estimated 23,000 vehicles and trailers for the Army. Oshkosh Defense is the only current manufacturer of medium and heavy tactical wheeled vehicles in the U.S. defense industry, having produced more than 67,000 military class vehicles in its manufacturing facilities. The company’s use of an advanced integrated assembly line has allowed for the simultaneous production of up to 10 vehicle models with 29 variations.
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™, 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.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
