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NATIONAL ADVANCED MOBILITY CONSORTIUM SELECTS OSHKOSH DEFENSE TO PRODUCE NEW COLD WEATHER ALL-TERRAIN VEHICLE PROTOTYPE

OSHKOSH, Wis. (APRIL 5, 2021) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the National Advanced Mobility Consortium (NAMC) has selected Oshkosh Defense and partner, ST Engineering, to participate in the prototype phase for the U.S. Army’s Cold Weather All-Terrain Vehicle (CATV).

The CATV is a new program for a tracked vehicle that operates in extreme cold weather or arctic conditions and is designed to replace the Small Unit Support Vehicles (SUSVs) that have been in service since the early 1980s.

“Oshkosh Defense and ST Engineering bring together an abundance of defense industry and manufacturing expertise to address the U.S. Army’s need for a proven vehicle that can easily maneuver in arctic environments,” said Pat Williams, vice president and general manager of U.S. Army and U.S. Marine Corps programs. “We are confident that the Oshkosh CATV will enable Soldiers to efficiently move personnel and supplies in the most extreme conditions, and we look forward to getting them into the hands of the end user for testing and evaluation.”

The Oshkosh CATV is derived from the Bronco 3, a member of the proven, highly effective, and reliable Bronco family of vehicles (FoV) by ST Engineering which have been in service in various countries. The Bronco FoV has undergone more than 1,860 miles of performance testing in arctic conditions as well as over 200,000 miles in a theatre of operations on harsh desert terrain. The Oshkosh CATV prototypes will offer built-in mission modularity to accommodate a variety of configurations. A General Purpose vehicle, for example, can be used as a troop carrier, casualty evacuation (CASEVAC) or Command and Control vehicle and can be swapped from one configuration to another in the field within 30 minutes by a two-person crew.

“The new vehicle design will be built with the combined expertise of Oshkosh Defense and draws on the rich heritage of the Bronco family of vehicles, a proven, robust and versatile articulated platform which has been in operation since 2001,” said Lee Shiang Long, President/Head, Land Systems, ST Engineering.

Oshkosh Defense and ST Engineering will deliver two prototypes – one General Purpose and one Cargo vehicle for testing and Soldier evaluation in Q3FY21. The prototypes will be evaluated on payload, mobility, crush resistance, swimming, and transportability. The U.S. Army has announced plans to issue a follow-on production contract for up to 200 CATVs in FY22.

About Oshkosh Defense

Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles and mobility systems. As a pioneer of combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that advance troop 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 more than 14,000 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®, Frontline™, Jerr-Dan®, 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.

About ST Engineering

ST Engineering is a global technology, defence and engineering group with offices across Asia, Europe, the Middle East and the U.S., serving customers in more than 100 countries. The Group uses technology and innovation to solve real-world problems and improve lives through its diverse portfolio of businesses across the aerospace, smart city, defence and public security segments. Headquartered in Singapore, ST Engineering reported revenue of $7.2b (about US$5.2b) in FY2020 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.

In the U.S., it has major operations across 17 cities in 13 states and employs about 5,500 people providing innovative products and solutions to commercial and government customers.

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 guaranteeing 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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