NEWS

Oshkosh Defense Begins L-ATV Production for JLTV EMD Phase

Vehicle on display at AUSA 2012 with Oshkosh HMMWV upgrade solution

OSHKOSH, Wis. (Oct. 22, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has begun production of its Light Combat Tactical All-Terrain Vehicle (L-ATV). The L-ATV was selected for the Joint Light Tactical Vehicle (JLTV) Engineering, Manufacturing and Development (EMD) phase, and it will be exhibited at AUSA 2012, Oct. 22-24 in Washington, D.C.

“Oshkosh is building our JLTV offering on a flexible and integrated production line using proven lean manufacturing processes, a rigorous Oshkosh quality-assurance system and an efficient supply chain to deliver mature vehicles, ready for government testing,” said John Bryant, vice president and general manager of Joint and Marine Corps Programs for Oshkosh Defense. “We have also completed our start-of work meeting with the government, and we will stay in close touch throughout the program with ongoing meetings and reviews.”

The JLTV program aims to replace many of the U.S. military’s aging HMMWVs with a lightweight vehicle that offers an optimal balance to protection, performance and payload for the joint forces. Oshkosh’s JLTV provides that optimal balance and enables unmatched off-road mobility while meeting stringent transportability and protection requirements. The L-ATV can accept multiple armor configurations, allowing the vehicle to easily adapt to 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.

Because the JLTV production phase is years out and will only replace a portion of the existing HMMWV fleets, Oshkosh Defense is offering HMMWV modernization options that can improve the aging vehicles’ mobility and protection for Warfighters today and into the future. Oshkosh will display HMMWV upgrade capabilities at AUSA 2012 that provide the best mobility solutions for the investment. The company is “right sizing” its proprietary technologies to deliver affordable performance improvements through proven components, both for unarmored and armored HMMWVs.

These offerings are backed by Oshkosh’s Integrated Product Support services, which are designed to support military readiness, life-cycle management and fleet modernization. This includes training services, instruction manuals, maintenance and repairs, parts supply and fleet restoration services. Oshkosh Field Service Representatives (FSR) travel globally to ensure vehicles and personnel are at peak operational readiness. The company’s robust operator and maintenance training services provide systems-level expertise on the platforms and technologies they support, and Oshkosh’s parts-supply network is available 24/7 to provide instant access to spare and repair parts for all vehicle makes and models.

Oshkosh executives will be on hand to discuss the company’s vehicles, technologies and vehicle life-cycle management capabilities at booth #1713.

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®, 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, 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 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 future global economic outlook; the expected level and timing of the U.S. Department of Defense (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; risks that profit on the definitization of contracts with the DoD could differ from the Company’s estimates; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to increase prices to raise margins or offset higher input costs; risks related to the Company’s exit from its ambulance and European mobile medical businesses, including the amounts of related costs and charges; 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 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 Company or 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; 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; risks related to actions of activist shareholders; 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. 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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