Oshkosh Defense to Showcase M-ATV Tactical Ambulance at the AUSA’s Army Medical Exposition
Highly mobile vehicle exceeds the military’s original M-ATV ambulance survivability requirements
OSHKOSH, Wis. (June 27, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will feature its MRAP All-Terrain Vehicle (M-ATV) tactical ambulance at the AUSA’s Army Medical Exposition taking place June 27-29 in San Antonio, Texas. The M-ATV tactical ambulance offers an enhanced design that exceeds the military’s original M-ATV ambulance survivability requirements and delivers exceptional off-road mobility so military medics can reach and care for injured personnel in challenging operating environments.
“The M-ATV tactical ambulance is the lightest and most mobile MRAP ambulance available to Warfighters today, and it delivers MRAP-level protection mirroring the protection on M-ATVs now equipped with underbody improvement kits to keep them safe on the battlefield,” said Ken Juergens, vice president and general manager of Joint Programs for Oshkosh Defense. “As we have proved since we started work on the M-ATV program, Oshkosh has the production capabilities to deliver this vehicle in response to urgent needs in the field.”
The M-ATV tactical ambulance’s seating arrangement accommodates two litter and two ambulatory patients, or any combination thereof, providing increased capacity and configuration flexibility. Additionally, it takes less than two minutes to load two litter-bound patients into the vehicle for reduced exposure to enemy fire, less movement of the patient, and quicker evacuation and treatment of injured personnel. The vehicle delivers MRAP Level II protection and is designed to fit all government-furnished ambulance equipment easily.
Oshkosh has received orders for more than 8,300 M-ATVs to date. The company is supplying the M-ATV base and the M-ATV Special Forces Vehicle (SFV) to the U.S. armed forces, and has designed other variants such as the tactical ambulance based on needs identified in theater. The M-ATV is five tons lighter than any other MRAP and offers the best off-road performance thanks to the Oshkosh TAK-4® independent suspension system.
Oshkosh Defense leadership will be at the AUSA’s Army Medical Exposition to discuss the vehicle and more at booth #321. The event is being held at the Henry B. Gonzalez Convention Center.
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 Corporation 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, visit www.oshkoshcorporation.com.
®, ™ 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 impact on revenues and margins of the decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins and at required volumes to receive and sustain performance-based payments; 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 equity market expectations; the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 delays arising from supplier quality or production issues, especially in light of the significant recent earthquake and subsequent tsunami in Japan; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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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