Oshkosh Defense Introduces New M-ATV Variants at SOFEX 2014
Expanded M-ATV family of vehicles delivers extreme off-road mobility and protection for a wider range of missions
OSHKOSH, Wis. (April 9, 2014) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), is introducing new Mine-Resistant, Ambush Protected (MRAP) All-Terrain Vehicle (M-ATV) variants at the Special Operations Forces Exhibition & Conference (SOFEX), taking place May 5-8 in Amman, Jordan. Oshkosh is evolving the combat-proven M-ATV family of vehicles to meet a more diverse range of mission requirements and needs for armed forces in the Middle East, North Africa region, and around the world.
The expanded global M-ATV family of vehicles includes two multi-mission models – the M-ATV Standard and M-ATV Extended, each with multiple variants. The M-ATV Standard is designed to provide response and support capabilities for a range of offensive and defensive missions in off-road environments. The M-ATV Extended delivers increased capacity for additional troops and equipment to support a wider assortment of mission profiles, such as mounted infantry support, explosive ordnance support and command-and-control. Variants include:
- M-ATV Standard Base (SXB)
- M-ATV Standard Upgrade (SXU)
- M-ATV Standard Special Forces (SXF)
- M-ATV Extended Intervention (EXI)
- M-ATV Extended Engineer (EXE)
- M-ATV Extended Command (EXC)
All M-ATVs deliver industry gold standard off-road performance and feature common components, such as the Oshkosh TAK-4® independent suspension system, and offer integrated cab crew protection. Collectively, the family meets a wider range of protection, performance, payload and transportability requirements for peacekeeping, internal security, border security, special forces, counterinsurgency and conventional military operations.
“The Oshkosh M-ATV already stands alone as the battle-tested, highly mobile MRAP of choice for a full range of missions,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “Our new M-ATV variants expand on this life-saving platform to address a more diverse mix of mission profiles and specialized functionality, threat levels and cost targets, so troops get the vehicle that’s right for their specific needs.”
The latest generation Oshkosh M-ATV will be on display at SOFEX 2014. The M-ATV has been in service with U.S. Forces since 2009 to meet an urgent need for a lighter, more mobile MRAP vehicle. The global M-ATV family of vehicles are configured to perform in various mission profiles, in a standard or extended wheel base.
Oshkosh Defense’s unique systems integration processes and expertise allows command, control, communications and computer (C4) equipment for the M-ATV to be integrated at the vehicle design stage. A “first-pass” approach helps optimize ergonomics, reduce system interference and minimize costs. Oshkosh also offers the full range of sustainment services through its Integrated Product Support (IPS) group to support everything from M-ATV training and technical manuals to maintenance and parts support.
To date, Oshkosh Defense has received orders for nearly 10,000 M-ATVs from the U.S. military and Middle East armed forces, including the United Arab Emirates and Kingdom of Saudi Arabia.
L-ATV on Display
Oshkosh Defense also will have its Light Combat Tactical All-Terrain Vehicle (L-ATV) on display at SOFEX 2014. Oshkosh designed the L-ATV to meet a global need for a new level of protected mobility for a light vehicle and to replace decades-old light vehicle fleets that lack protection capabilities against today’s most significant threats, including improvised explosive devices (IEDs) and rocket-propelled grenades (RPGs).
The Oshkosh L-ATV uses the TAK-4i intelligent independent suspension system to enable 25 percent improved wheel travel and 70 percent improved speeds in off-road terrain compared to today’s best-performing MRAP vehicles in off-road environments.
The Oshkosh L-ATV was selected for the U.S. Joint Light Tactical Vehicle (JLTV) program’s current phase and is undergoing rigorous U.S. Government testing. The JLTV is expected to fill the current tactical wheeled vehicle capability gap between MRAP vehicles and the aging High-Mobility Multipurpose Wheeled Vehicles (HMMWV) fleet.
Oshkosh leadership will be available to discuss the expanded Oshkosh Global M-ATV family of vehicles and the Oshkosh L-ATV, C4I and systems integration capabilities, as well as the company’s broad portfolio of vehicles, technologies and services, at SOFEX booth #A604.
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. 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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