NEWS

Oshkosh Defense Demonstrates Mature UGV Technology for Congress at AUVSI Hill Day

TerraMax UGV technology has life-saving potential for military’s ground vehicle operations

OSHKOSH, Wis. (April 10, 2014) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), is demonstrating its TerraMax® unmanned ground vehicle (UGV) technology at the Association for Unmanned Vehicle Systems International (AUVSI) Hill Day today at the Rayburn House Office Building in Washington, D.C. Oshkosh TerraMax UGV technology has the potential to reduce troops’ exposure to threats like improvised explosive devices (IED) and optimize the number of troops needed to carry out various ground missions.

In addition to demonstrating the TerraMax UGV technology, Oshkosh Defense representatives will be available to speak with lawmakers and their staff during the event. AUVSI Hill Day is part of National Robotics Week and seeks to educate members of Congress about the latest advances in unmanned technology.

“As the leader in UGV technology for tactical wheeled vehicles, Oshkosh Defense is excited to meet with Congressional representatives to illustrate the benefits UGV technology can bring to military fleets today,” said John Beck, chief unmanned systems engineer for Oshkosh Corporation. “Our TerraMax technology has successfully completed numerous government evaluations, providing force protection by extending standoff distance from potential threats, and force multiplication by empowering a single operator to supervise multiple unmanned assets within a convoy. It’s a mature, fieldable solution.”

Oshkosh continues to work independently and with the U.S. military regarding the application and use of the TerraMax UGV technology on multiple vehicles supporting a range of operations, including convoy logistics and route clearance missions.

About the TerraMax UGV Technology

The Oshkosh TerraMax UGV technology is designed as a scalable appliqué kit that can be tightly integrated on current production vehicles or retrofitted on legacy vehicles. Vehicles equipped with the TerraMax UGV technology can be seamlessly integrated into military operations to carry out planned missions in full autonomous mode or by “shadowing” a leader vehicle. They also can maintain prescribed convoy following distance, function in all weather conditions and operating environments, and retain their original payload and performance capabilities.

The TerraMax UGV technology was developed with the user in mind, for ease of control. Troops can be trained to operate vehicles remotely or in full autonomous mode in only a few days, and the TerraMax operator control unit (OCU) user interface addresses the usability and functionality needs of the troops in the field.

Oshkosh also is transitioning technologies from the TerraMax UGV system to provide active-safety features for the manned operation of vehicle fleets, including electronic stability control, forward collision warning, adaptive cruise control and electric power-assist steering.

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 with the current outlook for 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 the significant projected decrease in sales levels 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; 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.

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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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