Oshkosh Defense Showcases Mission Ready Vehicles for Canadian Modernization Efforts at CANSEC 2015
Oshkosh to debut its MSVS SMP offering at CANSEC
OSHKOSH, Wis. (May 27, 2015) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, is debuting to the public its Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) offering at CANSEC 2015 on May 27-28 at the EY Centre in Ottawa, Ontario.
“Oshkosh Defense is committed to serving the Canadian Department of National Defence with the most combat-proven, technologically advanced vehicles to support Canadian troops across a full range of missions,” said John Lazar, senior director of international programs for Oshkosh Defense. “We are confident that Oshkosh’s unmatched vehicle performance and full life-cycle sustainment offerings for these critical modernization efforts will deliver exceptional value to the Canadian soldier.”
Oshkosh is leveraging its growing network of more than 700 Canadian suppliers and strategic team members for its MSVS SMP offering. Through coordination with key partners, including DEW Engineering and Development, General Dynamics Land Systems-Canada and Link Suspensions of Canada-Raydan Division, Oshkosh is committed to returning 100 percent or more of its contract value back to the Canadian economy.
With a 70 percent off-road mission profile and a 98 percent mission reliability rate, the Oshkosh® MSVS SMP vehicles and trailers are built to serve logistics missions from disaster recovery at home to major conflicts abroad. Using decades of global operational experience, the Oshkosh MSVS SMP integrates an industry-leading suspension system, a high-performance drive train and safety systems to provide the Canadian Armed Forces next-generation performance and capabilities. The MSVS SMP also features a state-of-the-art armour protection system (APS) to protect Canadian troops operating in extreme and threatening conditions.
Five years of In-Service Support (ISS) are included within the MSVS SMP contract. As Canadian troops become increasingly involved in defence and humanitarian missions across the globe, life cycle sustainment is critical to ensure mission readiness. Oshkosh’s ISS offering leverages a team of highly trained in-theater service personnel and experience with major repair and overhaul programs to minimize MSVS SMP life cycle costs while maximizing reliability and readiness rates.
Oshkosh Vehicles and Services on Display at CANSEC
Oshkosh Defense is showing the following vehicles on static display in its outdoor booth, with its GIPS solutions demonstrated inside the exhibit hall.
MSVS SMP Cargo Variant – Oshkosh will display the Cargo variant of its MSVS SMP at CANSEC. The vehicle is based on the Oshkosh Heavy Expanded Mobility Tactical Truck (HEMTT) platform, a purpose-built, exceptionally reliable military vehicle that has been chosen by the United States Department of Defense and more than 20 allies worldwide for its consistent outperformance of commercial vehicle derivatives in competitive scenarios. The Oshkosh MSVS SMP family of vehicles includes a total of five variants – Cargo, Cargo with Material Handling Crane, Load Handling System (LHS), Cargo Mobile Repair Truck (MRT) and Gun Tractor.
Heavy Equipment Transporter (HET) A1 – The HET A1 is engineered to transport mission-critical equipment such as tanks, armored vehicles, recovery vehicles and construction equipment, even in the harshest terrain. The HET A1 sets the benchmark in performance and mobility for transport systems, dramatically reduces wear and tear on heavy equipment, cuts transportation costs and reduces team member fatigue.
Global Integrated Product Support (GIPS) Kiosk – Oshkosh will feature a technology kiosk at the indoor booth to demonstrate its global integrated product support (GIPS) offerings that comprise a comprehensive vehicle-service portfolio designed to optimize fleet readiness and life-cycle costs. Oshkosh GIPS solutions include training services, instruction manuals, maintenance and repairs, parts supply, and fleet restoration services.
Oshkosh leadership will be available to discuss our MSVS SMP solution and the company’s broad portfolio of vehicles, technologies and services at indoor booth #1001 and outdoor booth #3025.
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades 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. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].
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 access equipment, commercial, fire & emergency, military and specialty 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 by rental companies, concrete placement and refuse businesses, fire & emergency departments, municipal and airport services and defense forces 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, which are particularly impacted by the strength of U.S. and European economies; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and purchased materials; 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 and international defense contract awards; 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 expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; 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; projected adoption rates of work at height machinery in emerging markets; 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 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 the Company, its suppliers or its customers; cyber security risks 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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