Oshkosh Corporation Receives Orders Valued at $325 Million for M-ATV Parts, Repair Kits
OSHKOSH, Wis. — Jan. 25, 2010 — Oshkosh Corporation (NYSE:OSK) today announced its Defense division received two delivery orders valued at more than $325 million from the U.S. Army Tank- automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply spare parts and repair kits for the MRAP All-Terrain Vehicle (M-ATV).
Timing for the delivery orders is expected to begin in August 2010 and be completed by the end of January 2011. To date, Oshkosh has received awards valued at more than $3.9 billion to deliver 6,619 M-ATVs, as well as spare kits and aftermarket in-theater support.
“These M-ATV spare parts and repair kits are being produced to ensure they are available to our Armed Forces as operations require,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “We have a continued commitment to our Warfighters to keep a robust aftermarket parts support program running parallel to the needs in the field.”
Oshkosh Defense provides the complete spectrum of service and support for the M-ATV fleet in the Afghan theater. The company already has field service representatives (FSR) to support the M-ATV program in-theater. Building on its experience from Operation Iraqi Freedom, Oshkosh FSRs can operate service facilities on any of the forward operating bases that might require training and more support than internal assets can provide.
Existing Oshkosh manufacturing facilities have available production manufacturing capability to deliver these M-ATV orders and vehicles for all other Defense programs, including the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production. The company has exceeded the accelerated vehicle delivery schedule every month since being awarded the M-ATV contract on June 30, 2009.
Using the Oshkosh-patented TAK-4® independent suspension system, the M-ATV features a 70-percent off-road profile capability and 16 inches of independent wheel travel to deliver the superior off-road mobility that is needed for Afghanistan’s mountainous terrain and unimproved roads. The TAK-4 system is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan and has undergone more than 500,000 miles of government testing.
Oshkosh teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh Medium Tactical Vehicle Replacement (MTVR) Armored Cabs already in theater.
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 Corp. 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, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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