Oshkosh Defense Showcases New Variants of MRAP All-Terrain Vehicles at Eurosatory 2014
M-ATVs can be seen during the daily live demonstration and on static display in the Oshkosh booth
OSHKOSH, Wis. (June 16, 2014) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), will unveil its new MRAP All-Terrain Vehicle (M-ATV) variants to military leaders and dignitaries from around the world at Eurosatory 2014 in Paris, starting today through June 20. Oshkosh has expanded its combat-proven M-ATV Family of Vehicles to serve a spectrum of mission requirements and needs for armed forces around the world.
“Our M-ATVs provide extreme off-road mobility and are consistently selected as the MRAP of choice by leading militaries for a full range of missions,” said U.S. Army Major General (retired), John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “We’ve worked closely with our customers to develop, test and produce our new M-ATV variants – each one equipped for a specific mission profile with specialized functionality to support the most challenging operations you can imagine.”
Expanded M-ATV Family of Vehicles
The global M-ATV Family of Vehicles includes two multi-mission models – the M-ATV Standard and M-ATV Extended – with many variants. The M-ATV Standard model provides response and support capabilities for a range of offensive and defensive missions in off-road environments. The M-ATV Extended model 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.
The M-ATV Family of Vehicles includes:
- 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 Oshkosh® M-ATVs deliver the industry’s highest level of off-road performance and feature common components, such as the Oshkosh TAK-4® independent suspension and integrated crew protection systems. The M-ATV platform meets a wide range of protection, performance, payload and transportability requirements for peacekeeping, internal security, border security, special operations, counterinsurgency and conventional military operations.
Oshkosh L-ATV on Display
Oshkosh Defense also will have its Light Combat Tactical All-Terrain Vehicle (L-ATV) on display at Eurosatory 2014. The L-ATV meets a global need for a new level of protected mobility for a light vehicle and replaces decades-old vehicle fleets that lack protection capabilities against today’s most significant threats, including improvised explosive devices (IEDs) and rocket-propelled grenades.
The Oshkosh L-ATV platform was selected for the U.S. Joint Light Tactical Vehicle (JLTV) program’s current Engineering, Manufacturing and Development (EMD) phase and is undergoing rigorous U.S. Government testing. The JLTV program will fill the current tactical wheeled-vehicle capability gap between larger MRAP vehicles and the aging High-Mobility Multipurpose Wheeled Vehicles (HMMWV) fleet.
The Oshkosh L-ATV uses the company’s proprietary TAK-4i intelligent independent suspension system to deliver 25 percent improved wheel travel. Based on extensive testing that represents 85 percent of the Earth’s terrain, the L-ATV is proven to perform at speeds 70 percent faster than traditional MRAP vehicles in off-road environments.
The Oshkosh M-ATV SXF variant and L-ATV Base variant, in addition to an integrated product support (IPS) kiosk showcasing Oshkosh’s vast support services will be showcased on-site at Eurosatory in Hall 5 at Booth D657. Leaders will be available to discuss the vehicles and the company’s broader portfolio of technologies and services.
There will also be live demonstrations of Oshkosh TerraMax® UGV technology on an M-ATV SXB variant equipped with a mine roller at 10:30 a.m. and 3 p.m. Monday through Friday during the show outside of the Paris Nord Villepinte Exhibition Centre.
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 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, including the Form 8-K. 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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