OSHKOSH, Wis. (April 11, 2022) — Oshkosh Defense, a wholly-owned subsidiary of Oshkosh Corporation (NYSE: OSK), has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army Combat Capabilities Development Command (DEVCOM) Armaments Center (DEVCOM) at Picatinny Arsenal.
Under the CRADA, Oshkosh Defense and DEVCOM will cooperate in the development, integration, and testing of innovative armament technologies to provide a transformative, next-generation lethality capability for the Warfighter. Additionally, the CRADA will enable both organizations to mature their technologies for eventual transition to direct fire medium caliber platforms such as the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV). Development activities will leverage the proven Oshkosh Defense Stryker Medium Caliber Weapon System (MCWS) 30 mm turret.
“We are already starting with a robust weapon system platform with our Stryker MCWS turret”, said Pat Williams, Vice President and General Manager of U.S. Army and Marine Corps Program for Oshkosh Defense. “This CRADA allows us to explore additional weapon system capabilities and apply them to our OMFV solution to provide our Soldiers with the cutting edge technology required on the modern battlefield.”
In June 2021, the U.S. Army selected Oshkosh Defense, Pratt Miller Defense, and Rafael Advanced Defense Systems to provide a precision lethality capability to the Stryker Brigade Combat Teams (SBCTs) as part of the Stryker MCWS program. Production of the Oshkosh Defense Stryker MCWS is expected to begin in Spring 2022. In July 2021, the U.S. Army also selected Oshkosh Defense to participate in the OMFV Concept Design Phase, which culminates in Q1FY23. Oshkosh Defense has partnered with Pratt Miller Defense, Hanwha Defense USA, Rafael Advanced Defense Systems, QinetiQ Inc., and Plasan for the OMFV Concept Design Phase.
About Oshkosh Defense
Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.
Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].
Learn more about Oshkosh Defense at oshkoshdefense.com.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 15,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, London™ and Pratt Miller. For more information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news 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 news 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. These factors include the overall impact of the COVID-19 pandemic on the Company’s business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company’s customers, suppliers and employees; and the cyclical nature of the Company’s Access Equipment, Commercial and Fire & Emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons.
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