NEWS

U.S. Army Acquires First Next-Generation Cargo Vehicles from Oshkosh Defense

OSHKOSH, Wis. (Aug. 18, 2010) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has delivered its first next-generation Palletized Load Systems (PLS) to the U.S. Army. The new PLS model, known as the PLS A1, features design improvements creating a more secure and robust vehicle for logistics missions that face increased combat exposure.

“Working closely with our Army customer, Oshkosh has improved the PLS to provide our troops increased protection and mobility demanded in today’s critical distribution and resupply missions,” said Mike Ivy, vice president and general manager of Army Programs for Oshkosh Defense. “The military can only move as fast as its supplies. Improved armor, common with the proven armor solution on the HEMTT A4, and enhanced off-road capabilities will better protect logistics missions from blasts and other threats. PLS A1 updates make a good truck even better and will secure the vehicle’s role in Army logistics operations for many years to come.”

The vehicle, developed to load and unload a variety of heavy-payload cargo, now features a Long Term Armor Strategy (LTAS)-compliant cab, a 600-horsepower engine and a six-speed transmission. It also uses the Oshkosh-patented TAK-4® independent suspension on the front axle positions, which provides greater off-road mobility and enhances protection in harsh terrain, like Afghanistan.

The initial deliveries of 11 vehicles are part of an order for more than 725 PLS vehicles issued under the U.S. Army’s existing Family of Heavy Tactical Vehicles (FHTV) contract. Production for this order is scheduled to be completed in September 2011.

The PLS is the backbone of the Army’s distribution and resupply system. Built to carry ammunition and other critical supplies needed in battle, the PLS has proven its ability in front-line resupply missions in Bosnia, Kosovo, Iraq and Afghanistan. Together, the PLS truck and trailer form a complete system that reduces the need for forklifts or other material-handling equipment. They both carry a demountable cargo bed, also known as a flatrack, which features a 16.5-ton payload capacity. The PLS is a part of the Army’s Family of Heavy Tactical Vehicles (FHTV), produced by Oshkosh, which also includes the Heavy Expanded Mobility Tactical Truck (HEMTT A4) and the Heavy Equipment Transporter (HET A1)

. Oshkosh works with armed forces to deliver world-class vehicles that are built to withstand harsh combat conditions and overcome challenging terrain.

Photo Caption: Oshkosh Defense has delivered the first next-generation Palletized Load System (PLS), known as the PLS A1, to the U.S. Army. The vehicle includes an armored cab and the Oshkosh-patented TAK-4 independent suspension system for improved protection and mobility. Photo download.

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.

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 presentation, 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 projected decrease in M-ATV production rates; the cost of any warranty campaigns related to the Company’s products; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; 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. 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 Company’s ability to start production under the FMTV contract at targeted margins; 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, 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, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to disruptions in the Company’s distribution networks; 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.The Company disclaims any obligation to update such forward-looking statements. All operating results included in this press release ref

NEWS CONTACTS

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

Do NOT follow this link or you will be banned from the site!