Oshkosh Defense to Showcase TPV at National Homeland Security Conference 2012
Tactical Protector Vehicle delivers exceptional mobility and protection for high-risk missions
OSHKOSH, Wis. (May 21, 2012) — Homeland security officials, planners and funding managers from federal, state and local levels across the U.S. will have an opportunity this week to see and learn firsthand about the unique Tactical Protector Vehicle (TPV) from Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), at the National Homeland Security Conference in Columbus, Ohio, May 22-24.
The Oshkosh TPV is designed to provide law enforcement officers with exceptional mobility and maneuverability to operate in tight spaces. The vehicle is built to support a wide array of operations, such as disaster response, border patrol, rescue missions, terrorist threats and hostage situations in either urban areas or rugged rural environments.
“The Oshkosh TPV delivers best-in-class mobility combined with optimal protection for officers responding to homeland security threats,” said John Bryant, vice president and general manager of Joint and Marine Corps Programs for Oshkosh Defense. “Whether officers are negotiating dense cities, rural areas or debris-strewn terrain in response to emergency situations, the TPV provides the mobility, maneuverability and crew protection needed for a wide range of missions.”
The vehicle provides officers with protection through an advanced armor system that utilizes ballistic steel and glass to enclose the entire crew compartment. With an armor protection rating of NIJ Level IV, the TPV can stop multi-hit, armor-piercing ammunition.
The TPV has a more compact footprint than other protected vehicles in its class. It can carry up to nine officers and offers available electrically deployed drop-down skip plates for additional officer protection. Its turning circle is less than 42 feet curb-to-curb, with a maximum speed of 75 mph. With selectable four-wheel drive, available run-flat tires and 13 inches of ground clearance, the TPV can handle the roughest terrain and obstructions, whether on border patrol duty or city law enforcement missions.
The Oshkosh TPV is available through Oshkosh dealers throughout the U.S. and Canada. For dealer locations, visit www.oshkosh-tacticalprotector.com/findadealer.html. Bumper-to-bumper vehicle service is also available through more than 60 service centers nationwide with extensive Oshkosh vehicle experience.
The TPV will be on display in Oshkosh’s booth #533 at the Greater Columbus 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.
®, 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; the expected level and timing of the 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; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to increase prices to offset higher input costs; risks related to facilities consolidation and alignment, including costs and charges thereof and that anticipated cost savings may not be achieved; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; 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; 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; 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; risks related to actions of activist shareholders; and 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. 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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