Oshkosh Defense Presents Array of Vehicle and Sustainment Solutions for Canadian DND Modernization Programmes
Oshkosh Supports MSVS SMP Programme With Best-in-Class Technical and Economic Value
OTTAWA, Ontario (May 28, 2013) —As the backbone of the Canadian Army’s logistics fleet reaches the end of its service life, vehicle modernization programmes such as the Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) will help restore the capabilities and protection that troops need to fulfil their missions. At CANSEC 2013 in Ottawa, Ontario, Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will present a full range of advanced vehicle platforms and life-cycle sustainment solutions for Canadian Forces.
“Oshkosh Defense is committed to supporting the Canadian Department of National Defence and ensuring that troops have the survivable and technologically advanced vehicles they so urgently need,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “The Canadian government is actively pursuing its strategy to modernize its tactical vehicle fleet, and we intend to provide a compelling solution including advanced vehicles, complete life-cycle support services and measurable economic benefits by leveraging a nationwide network of partners and suppliers.”
The Oshkosh MSVS SMP solution is designed to improve the protection and performance capabilities of the Canadian Forces’ medium-payload fleet, both today and for decades to come. The Oshkosh MSVS SMP vehicle was specifically designed to meet the Canadian program requirements with advanced features, including a high-performance drive train, as well as advanced suspension, braking and armour protection systems. The MSVS SMP from Oshkosh has accumulated more than one billion real-word operational kilometres in a full range of missions around the globe.
Oshkosh will display the Heavy Expanded Mobility Tactical Truck (HEMTT) A4 at CANSEC along with the Oshkosh Light Combat Tactical All-Terrain Vehicle (L-ATV) and the Oshkosh Family of Medium Tactical Vehicles (FMTV) 5-ton wrecker.
As the DND fields its new MSVS fleet, training will be critical to operational readiness and safety. At CANSEC, Oshkosh Defense also will demonstrate its latest module of the Oshkosh Virtual Trainer for the HEMTT load handling system (LHS). Oshkosh currently provides a multi-faceted training curriculum including classroom, hands-on and virtual training for military vehicle operators and service professionals. Oshkosh virtual training provides a 20 percent or more cost savings compared to a traditional classroom-only approach. Additionally, students are able to demonstrate skill proficiency in the virtual environment before performing tasks on the actual vehicle, where more risks are involved.
To see the vehicles and technology on display, visit Oshkosh’s indoor booth #1001 in The Ernst & Young Centre (formerly the CE Centre) and outdoor booth #2029. Oshkosh leadership will be available on-site to discuss the company’s commitment to Canada and full range of vehicle and sustainment offerings.
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 fulfil their missions. Every Oshkosh vehicle is backed by a team of defence 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 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, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; the expected level and timing of the DoD 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 comply with laws and regulations applicable to U.S. government contractors; 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 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 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; 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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