Oshkosh Defense Features Broad Military Vehicle Portfolio at IDEX
Oshkosh M-ATV Special Forces Vehicle to Make Middle East Debut
OSHKOSH, Wis. (Feb. 21, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is showcasing its broad portfolio of military vehicles at IDEX 2011 in Abu Dhabi, United Arab Emirates. Oshkosh Defense designs, manufactures and supports its vehicles for operations such as cargo hauling, vehicle recovery, surveillance and reconnaissance, troop transportation, and weapon-system support.
“Oshkosh Defense was founded on off-road vehicle technologies more than 90 years ago, and today our team remains focused on continuous, mission-driven advancements to serve our customers,” said Serge Buchakjian, vice president and general manager of International Programs for Oshkosh Defense. “In addition to designing and manufacturing tactical vehicles, we support our vehicles with full life-cycle sustainment services. We have operations around the world, including the Middle East region, to provide parts and supplies, operator and maintenance training, in-country co-production, and vehicle remanufacturing.”
The Oshkosh vehicles on display at IDEX include the MRAP All-Terrain Vehicle (M-ATV) Special Forces Vehicle (SFV), Global Heavy Equipment Transporter (HET), Medium Tactical Truck (MTT) 6×6 and SandCat. These vehicles reflect Oshkosh’s wide range of fleet solutions, from light to heavy, for a variety of military functions. The vehicles also utilize mobility and survivability solutions that have been proven on the modern battlefield.
The M-ATV is designed to protect its passengers in a variety of missions that take place on unimproved roads and off-road terrain, including troop patrol, convoy escort, medical evacuation and others. The M-ATV is built with a factory-installed armor system and also can accept add-on armor packages, and uses the Oshkosh TAK-4® independent suspension system to achieve a 70 percent off-road profile capability. The SFV variant is designed for special operations units. It delivers M-ATV protection and mobility along with a modified cargo deck, which can accept specialized equipment based on mission requirements, and larger front windscreens.
The Global HET quickly and safely transports battle tanks, armored and recovery vehicles, and construction equipment to mission sites while reducing the wear and tear on both the equipment and crew that can occur with long-distance transportation. The vehicle uses a 700-horsepower engine, is designed to accept add-on armor and can transport payloads weighing up to 72 tons. Oshkosh has delivered the HET to countries such as Saudi Arabia, Jordan and Oman.
The MTT 6×6 is a mobile, medium-payload logistics truck capable of hauling supplies and equipment weighing up to 2.5 metric tonnes. The MTT, also available in a 4×4 configuration, is built to travel 70 percent off-road to keep the supply chain moving even in difficult cross-country terrain. Its commonality with other Oshkosh vehicles, combined with Oshkosh’s global aftermarket support network, makes it a reliable and easy-to-maintain vehicle.
The SandCat is a protected, multi-use vehicle designed for uses such as military, security, disaster relief, border patrol, peacekeeping and special forces. The SandCat can be tailored to meet each customer’s individual payload and protection needs. The SandCat family of vehicles includes the base vehicle, Special Operations Vehicle (SOV), Mine-Protected Light Patrol Vehicle (M-LPV) and Tactical Protector Vehicle (TPV). The variants are built around a light-class commercial chassis, allowing it to be easily maintained anywhere in the world, and are highly maneuverable. Mexico, Bulgaria, Canada and Sweden have purchased SandCat variants.
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 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 impact on revenues and margins of the decrease in M-ATV production rates; 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 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 equity market expectations; the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof, especially in an environment when the U.S. government is operating under a Continuing Resolution budget action; 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, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 delays arising from supplier 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 work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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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