Oshkosh Defense Displays New Tactical Wheeled Vehicles and Technologies at U.S. Army Annual Meeting
OSHKOSH, Wis. (Oct. 22, 2010) – Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will showcase new technologies and vehicles at the AUSA Annual Meeting and Exposition at the Washington Convention Center October 25 – 27 in booth 2639. The displays illustrate Oshkosh’s commitment to innovation and providing the U.S. Army with leaner, more mobile and modern fleets.
“As the sole manufacturer of the both the Army’s medium and heavy tactical truck fleets, we listen to our customers to better understand their needs,” said Mike Ivy, Oshkosh Defense vice president and general manager, Army Programs. “At AUSA, we have the opportunity to expand that dialog and display next-generation technologies designed with their input. Our ProPulse® drive technology, for example, addresses concerns about fleet fuel consumption and exportable power, and aims to expand functionality in theater.”
The Oshkosh® TAK-4® independent suspension system integration on a High Mobility Multipurpose Wheeled Vehicle (HMMWV) is displayed in response to the Army’s request to industry for solutions to recapitalize its fleet. Oshkosh has been helping militaries recapitalize and retrofit vehicles for more than 50 years. In addition to its advanced suspension, Oshkosh incorporates a V-shaped hull and engine and powertrain upgrades to improve soldier survivability as well as off-road mobility and payload capacity.
A Reconnaissance vehicle – the latest variant in the Oshkosh M-ATV family of vehicles – offers its crew of six plus a gunner battle-proven MRAP-level protection with unmatched mobility, and applies patented technologies to help forces perform route, zone and area reconnaissance. The M-ATV family of vehicles also includes SOCOM, Utility and Ambulance variants.
The Oshkosh TerraMax™ unmanned ground vehicle (UGV) technology is another solution for increasing soldier safety by reducing exposure to battlefield threats, such as improvised explosive devices (IED), and increasing situational awareness while on the move. The technology will be featured on a Load Handling System (LHS) variant of the U.S. Army’s Family of Medium Tactical Vehicles (FMTV).
Additional technologies, such as Command Zone™ integrated diagnostics system – a computer-controlled, multiplexed electronics system – will be on display using an interactive touch table. A light combat tactical vehicle will serve as a technology demonstrator for the ProPulse diesel-electric platform, advanced capsule design and the next-generation TAK-4 independent suspension system.
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 Company’s ability to start production under the FMTV contract at targeted margins; 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 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.
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