NEWS

New Oshkosh Defense Virtual Trainer Improves Safety, Reduces Military Vehicle Training Costs

Virtual vehicle training decreases cost by 20 percent or more

OSHKOSH, Wis. (Nov. 28, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has expanded its military training capabilities with the new Oshkosh Virtual Trainer. This virtual training element makes the overall vehicle training program safer and more cost-effective. Oshkosh will unveil its first virtual training module for the Heavy Expanded Mobility Tactical Truck (HEMTT) M978 Tanker at the annual Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) Nov. 28–Dec. 1 in Orlando, Fla.

“In today’s traditional HEMTT Tanker training curriculum, soldiers receive a limited amount of hands-on experience for critical procedures such as fueling and refueling,” said Dan Albrecht, senior training manager for Oshkosh Defense. “The Oshkosh Virtual Trainer provides life-like training in a safe, virtual environment, which provides soldiers with the skills they need to perform the actual tasks. In addition to enhancing soldiers’ training experience, we estimate that adding a virtual element to our comprehensive program will reduce training costs by 20 percent or more per participant.”

In a recent pilot of the inaugural Oshkosh Virtual Trainer, the HEMTT Tanker module was shown to reduce training time by two days compared to the traditional classroom approach – an efficiency that equates to a 20 percent or more cost savings per participant. During the training, 12 students were able to train simultaneously and demonstrate skill proficiency in the virtual environment before performing tasks on the actual vehicle. For example, students are able to practice fueling and refueling procedures, and recovering from a fuel spill in the virtual world, without being exposed to the real-life hazards. The interactive skill-building using virtual training is not achieved in the traditional training courses where students learn primarily from static course materials and instructor demonstrations.

In addition to reducing direct training expenses, the Oshkosh Virtual Trainer helps prevent wear and tear on the U.S. government’s demonstration vehicles and reduce costly damage to these vehicles.

The Oshkosh Virtual Trainer HEMTT Tanker module will be incorporated into training courses for U.S. Army personnel in May.

“We are excited to introduce our new virtual training capabilities to soldiers in May, and look forward to expanding the program to include more vehicle modules in the future,” Albrecht said.

In addition to its new virtual-training capability, Oshkosh Defense also provides hands-on, classroom and simulation training for operators and mechanics as part of its full life-cycle services and support on all Oshkosh Heavy and Medium Tactical Wheeled Vehicles. The company received a Best Programs (red) ribbon award from Military Training Technology for the 2011 Top Simulation and Training Companies competition.

The HEMTT Tanker Virtual Task Trainer will be on display and Oshkosh representatives will be available at I/ITSEC at DiSTI booth #2481.

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 www.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.

®, TM 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 expected level and timing of DoD’s procurement of products and services and funding thereof, including the impact of the DoD’s allocation of certain tires which will restrict and delay certain FHTV sales; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic uncertainty, lower municipal spending 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 potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 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; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. 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.

NEWS CONTACTS

For further information
please contact:
Alexandra Hittle
Sr. Manager, Global Brand Management
Oshkosh Defense
920.966.5978

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