NEWS

OSHKOSH DEFENSE AWARDED $40 MILLION FROM U.S. ARMY FOR RECAPITALIZATION OF THE ARMY RESERVES HEAVY VEHICLE FLEET

The latest configurations of FHTV’s include air-conditioned and armor-ready cabs, electrical upgrades, and anti-lock braking.

U.S. Army achieves in-theater readiness with Oshkosh Defense recapitalization services

OSHKOSH, Wis., (December 26, 2017) Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announces today that it has been awarded a $40 million delivery order from the U.S. Army Tank-Automotive and Armaments Command (TACOM) to recapitalize vehicles from the U.S. Army Reserves Family of Heavy Tactical Vehicles (FHTV) fleet. Oshkosh will bring the Army’s fleet of Heavy Expanded Mobility Tactical Trucks (HEMTT) to their latest model configuration and the same zero-mile, zero-hour condition as new production vehicles.

Overall, the award is valued at more than $40 million for the recapitalization and production of over 90 units. All work performed under the contract will be completed in Oshkosh, Wisconsin, with deliveries beginning in Fiscal Year 2019.

“Our recapitalization services offer significant cost savings to the Army Reserves by returning vintage vehicles to current operational readiness with the same performance and life cycle cost advantages of a new vehicle,” said Pat Williams, Oshkosh Defense vice president and general manager of Army and Marine Corps programs. “Recapitalized vehicles are assembled on the same production line as new vehicles, and put through the same extensive performance tests and inspection procedures as new vehicles. As the Original Equipment Manufacturer (OEM), Oshkosh can modernize these vehicles to the latest configuration and quickly return them to operations.”

The U.S. Army’s Heavy Vehicle Fleet

With a 13-ton payload and multiple variants for a wide range of operations, the HEMTT is the backbone of the Army’s logistics fleet. Oshkosh’s latest configuration, the HEMTT A4, brings significant improvements in power, maintenance and safety to the battlefield, traversing even the most challenging environments easier and more efficiently. The latest configurations of FHTV trucks also include air-conditioned and armor-ready cabs, electrical upgrades, and anti-lock braking to keep soldiers safe.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades 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. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

To learn more about Oshkosh Defense, please visit us at www.oshkoshdefense.com.

About Oshkosh Corporation

Founded in 1917, Oshkosh Corporation is celebrating 100 years of business and making a difference in people’s lives in 2017. Oshkosh is a global leader in designing and manufacturing a broad range of access equipment, commercial, fire & emergency, military and specialty 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®. Since the Company’s humble beginnings, Oshkosh has grown in size and global footprint. Today, Oshkosh products can be found in more than 150 countries and are recognized around the world for quality, durability and innovation. Oshkosh Corporation is a different integrated global industrial committed to making a difference for customers, shareholders, our communities and the environment. For more information, please 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.

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NEWS CONTACTS

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

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