Oshkosh Defense Announces Leadership for Dedicated Marine Corps Programs Unit; John Bryant and Bruce Sellers Join Oshkosh Defense Team
OSHKOSH, Wis. (Sept. 24, 2010) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today that John Bryant has joined the organization to serve as vice president and general manager of Marine Corps Programs. Bryant is leading the Marine Corps development, production and sustainment programs, which include the Medium Tactical Vehicle Replacement (MTVR) and Logistics Vehicle System Replacement (LVSR), for Oshkosh. He will be attending Modern Day Marine 2010 in Quantico, Va., to meet with Marine Corps leadership and further enhance Oshkosh’s worldwide support of the service.
“John brings a wealth of military experience and knowledge to his leadership role at Oshkosh,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “With nearly three decades of service in the Marine Corps, he is focused on developing and delivering world-class products and services to support Marine Corp missions.”
Bryant served in the U.S. Marine Corps for 28 years. He held staff and command roles as a tank officer and later led several acquisition programs as a program manager, including Tank Systems, Light Armored Vehicles and Expeditionary Fighting Vehicles. Prior to joining Oshkosh, he was a professor of program management at the Defense Acquisition University. Bryant has a bachelor’s degree in political science from Marquette University. He is also Defense Acquisition Workforce Improvement Act (DAWIA) Level III certified in program management.
Oshkosh Defense is also pleased to announce that Bruce Sellers has joined the organization to serve as the director of business development for Marine Corps Programs. He is working closely with the Marine Corps to ensure Oshkosh’s vehicles, technologies and sustainment offerings continue to meet the Marines’ evolving needs. Sellers brings more than 26 years of program-management and business-development experience to this role. He also will be attending Modern Day Marine 2010.
Sellers’ previous experience includes service with the Marine Corps Systems Command, the Marine Corps Research, Development and Acquisition Command and the Navy International Programs Office. Prior to joining Oshkosh, he served as the director of business development for the U.S. Land & Joint Division at Thales Communications, Inc. Sellers has a bachelor’s degree in engineering from the University of South Carolina as well as DAWIA Level III program management certification.
In their new roles for Oshkosh Defense, both Bryant and Sellers are working out of the Washington D.C. office.
Oshkosh has produced more than 10,000 durable, highly mobile MTVRs for the U.S. Marine Corps and Navy Seabees. The company was awarded the LVSR contract in 2006 and began delivering the advanced, heavy-payload vehicles in 2009. Oshkosh also supports the Marine Corps with the complete spectrum of life-cycle sustainment services, including in-theater support.
Oshkosh Defense will be exhibiting at booth #2525 at Modern Day Marine 2010, which is taking place Sept. 28-30 at the Marine Corps Base in Quantico.
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.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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 presentation, 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 cost of any warranty campaigns related to the Company’s products; 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 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. 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 Company’s ability to start production under the FMTV contract at targeted margins; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to disruptions in the Company’s distribution networks; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. The Company disclaims any obligation to update such forward-looking statements. All operating results included in this press release reflect results from continuing
For further information
Sr. Manager, Global Brand Management