NEWS

Oshkosh Defense Unveils L-ATV Utility Variant for JLTV Program

L-ATV variant combines unprecedented off-road mobility and crew protection with the capacity to transport troops, shelters and other cargo

OSHKOSH, Wis. (Feb. 14, 2013) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has unveiled its Light Combat Tactical All-Terrain Vehicle (L-ATV) utility variant for the Joint Light Tactical Vehicle (JLTV) program. The L-ATV utility variant fulfills the JLTV requirement for a two-seat cargo vehicle, while the L-ATV base variant meets the requirement for a 4-seat multipurpose vehicle. Both Oshkosh L-ATV variants leverage a common crew protection system, advanced automotive systems, and the patented Oshkosh TAK-4i™ intelligent independent suspension system to deliver unprecedented levels of protection and off-road performance in a light vehicle.

The Oshkosh L-ATV utility variant is designed to provide mobility for loads such as containers, pallets and break bulk cargo in a wide range of operating environments and threat levels.  In addition to hauling cargo, the L-ATV utility variant can be outfitted as a shelter carrier to carry standard shelters for communications systems, on-board electronics and other functions. The vehicle can transport two passengers and has a payload capacity of more than 5,100 pounds.  The vehicle’s performance was demonstrated at the 2013 NATC Technology Rodeo, which took place Feb. 6 at the Nevada Automotive Test Center (NATC) near Carson City, Nev.

“The landscapes and threats of tomorrow’s battlefields are unpredictable, and state-of-the-art equipment will be absolutely necessary to protecting lives and completing missions,” said John Bryant, vice president and general manager of Joint and Marine Corps Programs for Oshkosh Defense. “The Oshkosh L-ATV utility variant is the most technologically advanced, most mature JLTV solution for Warfighters to complete transport missions on those battlefields.”

Oshkosh engineered the L-ATV with a high level of commonality to streamline fleet sustainment, yet each variant is tailored to optimize performance for its unique role.

Oshkosh successfully completed its JLTV design understanding review with the government and is on schedule to deliver 22 JLTV prototypes this summer under the Engineering, Manufacturing and Development (EMD) contract. The company began production of its JLTV offering shortly after receiving the contract and is using LEAN processes, a rigorous quality-assurance system and an efficient supply chain to deliver high-quality and affordable L-ATVs that meet or exceed JLTV requirements.

Oshkosh has extensive experience delivering a high level of operational discipline and quality control across a platform with multiple variants. The company has met its delivery schedules and set new standards of quality for the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), which consists of 17 variants and 23 configurations, while delivering significant cost savings to the Department of Defense over the life of the contract. Oshkosh also has delivered more than 8,700 MRAP All-Terrain Vehicles (M-ATV) on-time and on-budget. The M-ATV is the only vehicle performing the JLTV’s mission profile in-theater and has a field readiness rate of 95 percent.

Oshkosh is displaying the L-ATV base vehicle at Marine West, Feb. 13-14 at Marine Corps Base, Camp Pendleton, Calif.

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®, Oshkosh Specialty Vehicles, 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.

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. These factors include the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; 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; the ability to comply with laws and regulations applicable to U.S. government contractors; the 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 the Company’s exit from its ambulance business, including the amounts of related costs and charges; 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 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; 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 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. 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.

NEWS CONTACTS

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

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