Oshkosh Defense to Exhibit M-ATV, SandCat at SOFEX 2010
OSHKOSH, Wis. — May 10, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today it will be exhibiting its well-protected, highly mobile MRAP All-Terrain Vehicle (M-ATV) and multirole SandCat vehicle at the Special Operations Forces Exhibition and Conference (SOFEX), which is taking place May 10-13 in Amman, Jordan. The company will be exhibiting at booth #C186.
The lighter-weight M-ATV delivers protection capabilities equal to or greater than Mine-Resistant Ambush-Protected (MRAP) vehicles, and can accept add-on armor packages for additional protection from a multitude of threats. The vehicle uses the Oshkosh TAK-4® independent suspension system to achieve a 70 percent off-road profile to overcome severe and uneven terrain. The SandCat features a modular armor system that can be customized to meet the space, payload and protection needs of various missions.
“The M-ATV and SandCat are platforms that deliver world-class capabilities for special operations forces around the world,” said Ron Ziebell, Oshkosh Defense vice president and general manager, International Programs. “The M-ATV offers exceptional survivability and mobility for missions in extreme conditions. The SandCat is a lightweight and highly maneuverable vehicle for operations in urban and remote settings.”
To date, Oshkosh has received orders to deliver 8,079 M-ATVs for operations on Afghanistan’s rugged cross-country terrain and unimproved roads. The M-ATV has a 4,000-pound payload capacity, 16 inches of independent wheel travel, and carries four passengers and a gunner. The vehicle uses a 370-horsepower engine, an Allison 3500 SP transmission and a two-channel central tire-inflation system with four terrain settings. Oshkosh recently expanded the M-ATV into a family of vehicles with the addition of tactical ambulance and utility vehicles.
The SandCat is available in three variants, including utility, transport and Special Operations Vehicle (SOV). The utility and transport variants carry four to eight passengers respectively. The SOV variant was developed specifically for special forces and rapid-response units that need an open, well-protected and highly mobile vehicle to operate in remote locations. All three variants are based on the same lightweight, highly maneuverable platform that uses a 325-horsepower engine and has a maximum speed of nearly 75 miles per hour. Protection features include a V-shaped belly plate, impact-absorbing seats and a composite “B Kit” armor package that can be installed in addition to the factory-installed “A Kit” armor system.
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 Corp. 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, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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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 planned decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, 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 procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company’s Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. 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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