Oshkosh Defense to Debut M-ATV Light at CANSEC 2014
New M-ATV platform offers exceptional off-road performance and air transportability for Canadian Special Operations
OTTAWA, Ontario (May 27, 2014) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), is unveiling a new MRAP All-Terrain Vehicle (M-ATV) platform this week at CANSEC 2014. The new platform, named M-ATV Light, offers the performance characteristics of the combat-proven M-ATV in a more compact, transportable design to support the unique requirements of Special Operations and a spectrum of other missions.
“The Oshkosh M-ATV Light is an ideal vehicle to maintain and enforce security levels in predominantly off-road environments that require speed, agility and air transportability,” said U.S. Army Major General (retired), John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “We are delighted to debut the M-ATV Light in Ottawa at CANSEC 2014 as we demonstrate our continued support of the Canadian Government’s long-term fleet modernization and economic strategies.”
The Oshkosh M-ATV Light is designed to rapidly transport operators across unimproved roads and rugged off-road terrain. The vehicle uses the Oshkosh TAK-4® independent suspension system, which is the industry’s gold standard for off-road mobility for a full range of heavy, medium and light-duty tactical vehicles. The M-ATV Light features enhanced armour protection and an impressive power-to-weight ratio compared to previous generation special operations vehicles.
“The Oshkosh M-ATV is a new option for Special Forces to provide greater protection without sacrificing the air transportability on fixed wing or rotocraft as required for the most demanding missions,” said Urias. “In this vehicle category, the M-ATV Light offers unprecedented performance.”
Oshkosh leverages advanced vehicle design capabilities and command, control, communications and computer (C4) knowledge to deliver fully integrated M-ATVs. This can reduce systems interference and deliver improved ergonomics for troops, while reducing costs and risks associated with third-party integration. The Oshkosh Defense “first-pass” systems integration approach also can accelerate vehicle fielding because it bypasses the need for third-party integrators.
Oshkosh leadership will be available to discuss the Oshkosh M-ATV Light platform and the company’s broad portfolio of vehicles, technologies and services for the Canadian Armed Forces at CANSEC at indoor booth #1001 and outdoor booth #2029.
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.
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, which are particularly impacted by the pace of U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate of work at height machinery; the expected level and timing of DoD and international defense customer 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 lower customer orders in the defense segment; the Company’s ability to win a U.S. Joint Light Tactical Vehicle production contract award; 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 uncertainty, 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; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect either the Company, the Company’s suppliers or its customers; the impact of cyber security risk and costs of defending against, mitigating and responding to a data security breach; 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, including the Form 8-K. 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.
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