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Oshkosh Defense Delivers Proposal for FMTV A2 Production

OSHKOSH, Wis., (May 8, 2017) Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that it has submitted a proposal in response to the U.S. Government’s Request for Proposal (RFP) for Family of Medium Tactical Vehicles (FMTV) A2 production effort.  Oshkosh’s FMTV A2 proposal addresses the U.S. Army’s need for increased payload and improved survivability, ride quality, and mobility.

“As the missions change, so should the vehicles built to support those missions,” said Pat Williams, vice president and general manager of Army and Marine Corps Programs at Oshkosh Defense. “With our proposed FMTV A2 design, Oshkosh leverages its vast experience manufacturing and providing support to FMTV vehicles under the current FMTV A1P2 program. No one understands the U.S. Army’s FMTV platform better than Oshkosh Defense, and we are prepared to seamlessly transition into FMTV A2 production.”

Oshkosh Defense’s FMTV A2 proposal is in response to the U.S. Army’s competitive RFP that requires bidders to validate and produce an upgraded FMTV A2 fleet of vehicles with improved payload, underbody protection, ride quality, mobility, engine power, electronics, diagnostics, and safety enhancements.  The Firm Fixed Price (FFP) and Cost Plus Fixed Fee (CPFF) requirements contract will establish pricing for up to seven order years.  The Government can buy over 2,400 trucks and 1,200 underbody kits across the contract.  The scope of work includes delivering upgraded vehicles for test and logistics development as soon as 450 days after contract award, expected in the spring of 2018.

“Oshkosh’s proposal for the FMTV A2 program is another example of our unwavering commitment to the U.S. soldier to provide the safest, most capable, and reliable FMTV with the most protection this platform has ever offered,” added John Bryant, Oshkosh Corporation senior vice president and Oshkosh Defense president.  “We look forward to the opportunity to continue our service to the U.S. Army.”

The future generation FMTV A2 will be comprised of 16 models and associated trailers capable of carrying payloads ranging from 3-ton to 10-ton, and performing a wide range of duties from supporting combat missions, to relief efforts, to logistics and supply operations. The Oshkosh FMTV A2 features parts commonality that results in streamlined maintenance, training, sustainment and overall cost efficiency for the U.S. Army, Army Reserves, National Guard, and U.S. Air Force.

Oshkosh Defense has manufactured and sustained more than 150,000 Tactical Wheeled Vehicles for the U.S. DoD and its allies.  Oshkosh Defense was first awarded the FMTV contract following a competitive evaluation in 2009 and, to date, has delivered more than 35,000 FMTV trucks and trailers while saving U.S. taxpayers more than $2 billion.  The U.S. Department of Defense recognized Oshkosh Defense with the Value Engineering Achievement Award for improvements that resulted in millions of dollars in cost savings for the U.S. Army, as well as improved performance and reliability.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions. In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax® unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions. Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

To learn more about Oshkosh Defense, please visit us at oshkoshdefense.com.

About Oshkosh Corporation

Founded in 1917, Oshkosh Corporation is 100 years strong and continues to make a difference in people’s lives. Oshkosh brings together a unique set of integrated capabilities and diverse end markets that, when combined with the Company’s MOVE strategy and positive long-term outlook, illustrate why Oshkosh is a different integrated global industrial.  The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.

Today, Oshkosh Corporation is a Fortune 500 Company with manufacturing operations on four continents. Its products are recognized around the world for quality, durability and innovation, and can be found in more than 150 countries around the globe.  As a different integrated global industrial, Oshkosh is committed to making a difference for team members, customers, shareholders, communities and the environment. For more information, please visit oshkoshcorporation.com.

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 press release, 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.

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