NEWS

Oshkosh Defense to Upgrade the U.S. Army’s Heavy Tactical Vehicles

Oshkosh recapitalized vehicles are assembled on the same production line as new vehicles

Oshkosh will recapitalize the U.S. Army’s HEMTT and PLS platforms to like-new condition

OSHKOSH, Wis., (March 24, 2016) Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, will recapitalize 1,212 Family of Heavy Tactical Vehicles (FHTV) and produce 345 trailers following multiple orders from the U.S. Army valued at more than $430 million. Oshkosh will upgrade the Army’s fleet of Heavy Expanded Mobility Tactical Trucks (HEMTT) and Palletized Load Systems (PLS) to provide the same performance and life cycle cost advantages as new production vehicles. All work performed under the contract will be completed in Oshkosh, Wis., with deliveries occurring from 2016 to 2017.

“We understand the critical need to improve reliability for in-theater operations without sacrificing performance on aging vehicle fleets,” said John Bryant, senior vice president of Defense Programs at Oshkosh Defense. “That is why Oshkosh recapitalized vehicles are assembled on the same production line as new vehicles, and complete the same extensive performance tests and inspection procedures as new vehicles.”

Since 1995, Oshkosh has recapitalized more than 12,000 of the U.S. Army’s heavy vehicles to equip soldiers with the latest technology and safety upgrades to achieve operational readiness. Through recapitalization, heavily used vehicles are returned to Oshkosh, stripped to the frame rails and completely rebuilt to like-new condition.

The Oshkosh HEMTT is the backbone of the Army’s logistics fleet with a 13-ton payload and multiple variants for a wide range of operations. Oshkosh’s latest configuration, the HEMTT A4, brings significant improvements in power, maintenance and safety to the battlefield, traversing even the most challenging environments easier and more efficiently. The Oshkosh PLS A1 supports the Army’s distribution and resupply system by providing unparalleled performance for loading, unloading and delivering ammunition and other critical supplies needed in battle. The PLS carries a wide range of cargo and is specially designed to load and unload a variety of flatrack or ISO compatible containers on its own. The latest configurations of FHTV trucks also include air-conditioned and armor-ready cabs, electrical upgrades and anti-lock braking to help keep soldiers safe.

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 collection 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.

Forward-Looking Statements

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.

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NEWS CONTACTS

For further information
please contact:
Alexandra Hittle
Sr. Manager, Global Brand Management
Oshkosh Defense
920.966.5978

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