OSHKOSH, Wis. (Nov. 23, 2010) – Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been named one of G.I. Jobs’ 2011 Top 100 Military-Friendly Employers. The annual list recognizes companies for their efforts to recruit and support military employees. Oshkosh employs more than 300 active-duty military members and many retired veterans.
“Members of the Armed Forces are at the heart of what we do every day,” said Andy Hove, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “They rely on our vehicles in the field, and are an integral part of our workforce. We understand the valuable experience gained during military service, and we have a history of actively seeking out veterans, Guard members and Reservists in our recruiting efforts. As a veteran, I know our well-supported military personnel have made us a better company, and allow us to better serve our customers.”
In creating the list, G.I. Jobs focuses on a company’s military recruiting efforts, the percentage of new hires with prior military service, and policies toward National Guard and Reserve service. With a strong commitment to these areas, Oshkosh made the list from a sample of more than 5,000 companies.
For years, Oshkosh has adopted policies to make the company a welcoming place for employees who have prior military service, as well as active members of the Guard and Reserve. The company’s comprehensive military-leave program includes: a paid differential to employees who are called up to active military duty; time off for Reservists for yearly training; and programs that help employees and their families stay in touch with deployed loved ones. In 2008, Oshkosh was awarded the Freedom Award from the US Department of Defense, the highest recognition given by the government to employers for support of employees who serve in the National Guard and the Reserve. That same year, Oshkosh also received two awards at the state level from the Wisconsin Employer Support of the Guard and Reserve (ESGR), the Above and Beyond Award and the Pro Patria Award, which is the highest honor given at the state level for companies that adopt policies that make it easier for employees to participate in the National Guard and Reserve.
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 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. These factors include the impact on revenues and margins of the projected decrease in M-ATV production rates; 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 Company’s ability to produce vehicles under the FMTV contract at targeted margins; 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. Department of Defense (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 consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to costs and charges as a result of facilities consolidation and alignment; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
