NEWS

Oshkosh Debuts Future of Light Tactical Vehicles at CANSEC 2013

The Oshkosh L-ATV provides unprecedented off-road mobility and crew protection in an ultra-transportable design

OTTAWA, Ontario (May 29, 2013) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is showcasing the Oshkosh Light Combat Tactical All-Terrain Vehicle (L-ATV) – the future of light tactical vehicles – for the first time in Canada at the CANSEC 2013 defence exhibition in Ottawa, Ontario. The L-ATV aims to replace aging Light Utility Vehicle, Wheeled (LUVW) and special operations vehicle fleets and give troops greater off-road mobility, protection, speed and transportability capabilities.

“Military threats, tactics and environments are changing at unprecedented speeds,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “Our L-ATV platform leverages the latest automotive technologies and vast military experience to give troops next-generation levels of mobility, protection and operational flexibility for missions both at home and abroad. We believe this vehicle represents the future of light tactical vehicles and are excited to share this cutting edge solution in Canada.”

The Oshkosh L-ATV offers an advanced crew protection system proven to optimize crew survivability. The platform can accept multiple armour configurations, which allows the vehicle to adapt easily to changing operational requirements. The L-ATV also applies the Oshkosh TAK-4i™ intelligent independent-suspension system to provide significantly faster speeds when operating off-road, which can be critical to troops’ safety.

The U.S. Army and Marine Corps selected the Oshkosh L-ATV in August 2012 as one of three vehicles to be evaluated in the Engineering, Manufacturing and Development (EMD) phase of the Joint Light Tactical Vehicle (JLTV) programme, which focuses on replacing the HMMWV fleet. As part of the JLTV programme, Oshkosh will deliver 22 L-ATVs in August 2013 for U.S. Government testing and evaluation.

Also at CANSEC, the company will be displaying the Oshkosh Heavy Expanded Mobility Tactical Truck (HEMTT) A4 Light Equipment Transporter and the Oshkosh Family of Medium Tactical Vehicles (FMTV) 5-ton wrecker, as well as demonstrating a new module of the Oshkosh Virtual Trainer for the HEMTT Load Handling System (LHS).

Oshkosh Defense leadership will be available at CANSEC to discuss the company’s commitment to Canada, as well its full range of vehicle, technology and service offerings, at indoor booth #1001 in The Ernst & Young Centre (formerly the CE Centre) and outdoor booth #2029 today through May 30.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For more than 90 years, Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions. In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax™ unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions. Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance.

To learn more about Oshkosh Defense, please visit us at 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®, Jerr-Dan®, Frontline™, 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, please visit to 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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; the expected level and timing of the DoD procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of the significant projected decrease in sales levels in the defense segment; the Company’s ability to comply with laws and regulations applicable to U.S. government contractors; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; 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 Company or equity market expectations; 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 or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; and risks related to 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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