OSHKOSH, Wis. (Aug. 20, 2010) – Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is supporting the U.S. National Guard’s broad mission with a diverse demonstration of technologies and vehicles at the 132nd National Guard Association of the United States’ (NGAUS) 2010 General Conference and Exhibition at the Austin Convention Center, Austin, Texas. The company will exhibit a U.S. Army Family of Medium Tactical Vehicles (FMTV) dump truck variant, a Pierce Manufacturing Inc. mobile command vehicle and a SandCat™ Tactical Protector Vehicle.
“It is important that the men and women serving in the National Guard have modern, highly protected dual-use systems to support their combat missions, national security operations, disaster relief and a variety of other deployments,” said Mike Ivy, Oshkosh Defense vice president and general manager, Army Programs. “Our advanced vehicle platforms give the National Guard the tactical capabilities they need, whether they’re serving on the frontlines overseas or conducting missions at home.”
Oshkosh also provides comprehensive, world-class vehicle training to National Guard units through the Oshkosh Product Training Center. Certified Oshkosh instructors train National Guard members in operation, vehicle maintenance and repairs. Training is offered at Oshkosh’s Wisconsin campus or via mobile training teams at unit bases across the U.S. and abroad. “Mobile training has proven very successful as it allows National Guard soldiers to train according to their units’ schedules – in a real-world environment with real-world constraints,” Ivy said.
The FMTV 10-ton dump truck replaces obsolete and maintenance-intensive vehicles currently in the fleet. It can perform local and line haul, unit mobility, unit resupply and other missions in combat, combat-support and combat-service-support units. It is rapidly deployable worldwide and operates on primary and secondary roads, trails and cross-country terrain, in all environmental conditions.
Pierce mobile command vehicles are used for a wide variety of applications, including incident command and consequence management. They are highly customized to meet specific customer requirements. A wide array of features include audio and video equipment such as multi-band radio interoperability, cell and satellite telephone capability, digital and infrared cameras, along with galleys and slideouts to maximize working space within the vehicle. Pierce is a division of Oshkosh Corporation and is North America’s leading fire and rescue apparatus manufacturer.
The protected and highly maneuverable Oshkosh SandCat can be configured to fulfill a variety of roles in a vast array of missions. It is tailored to meet each operational environment to provide the perfect balance of mission performance, protection and payload.
Oshkosh is exhibiting Aug. 21-23 in booth #1513 at the 132nd NGAUS General Conference & Exhibition in Austin, Texas.
About Pierce Manufacturing
Pierce Manufacturing Inc., an Oshkosh Corporation [NYSE: OSK] company, is the leading North American manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, wildland trucks, minipumpers, elliptical tankers, and homeland security apparatus. In addition, Pierce designs its own foam systems and was the first company to introduce frontal airbags and the Side Roll Protection system to fire apparatus. To learn more about Pierce, visit www.piercemfg.com
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 Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, 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, visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this presentation, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology 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, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the impact on revenues and margins of the projected decrease in M-ATV production rates; the cost of any warranty campaigns related to the Company’s products; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the expected level and timing of U.S. DoD procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the Company’s ability to start production under the FMTV contract at targeted margins; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Cor
