NEWS

U.S. Army, Oshkosh Defense Celebrate Rollout of First HET A1 and PLS A1 Vehicle Configurations

OSHKOSH, Wis. (Dec. 6, 2010) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), and the U.S. Army commemorated the rollout of the first Heavy Equipment Transporter (HET) A1 and Palletized Load System (PLS) A1 vehicle configurations with a ceremony today at Oshkosh’s headquarters. The new configurations of these trucks feature upgrades for improved survivability and performance.

“At Oshkosh we consider it our responsibility to provide U.S. soldiers with the most advanced vehicles and protection systems,” said Mike Ivy, vice president and general manager of Army Programs for Oshkosh Defense. “Everyone at Oshkosh, from our engineers to our Field Service Representatives in action across the globe, works to understand soldiers’ needs and, together with the military, continuously develops innovative designs that meet these needs. The HET A1 and PLS A1 are the most recent results of this collaborative approach.”

The Oshkosh HET A1 configuration includes increased horsepower, higher-capacity front suspension, a larger vehicle cab, electrical upgrades and air conditioning. The PLS A1 features a Long Term Armor Strategy (LTAS)-compliant cab that is common with the Heavy Expanded Mobility Tactical Truck (HEMTT) A4 for improved fleet commonality. Other PLS A1 upgrades include a 600-horsepower engine, electrical upgrades and incorporation of an Oshkosh TAK-4® independent front suspension for improved off-road mobility.

Both the HET and PLS vehicles have a long history of success within the U.S. Army. The HET is designed to rapidly transport battle tanks, fighting and recovery vehicles, construction equipment and crews to arrive in mission-ready condition. Since receiving its first contract for the vehicle in 1976, Oshkosh has produced more than 3,000 HETs for the Army.

The PLS is the backbone of the Army’s distribution and resupply system. Built to transport ammunition and other critical supplies needed in battle, the PLS has been used in front-line resupply missions in Bosnia, Kosovo, Iraq and Afghanistan. Oshkosh received its first PLS contract in 1990, and has produced more than 6,000 PLS trucks and more than 14,000 trailers at its facilities to date.

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 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 projected 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 and tight credit markets; 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 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 associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; 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 costs and charges as a result of facilities consolidation and alignment; risks related to production delays arising from supplier 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 work stoppages and other labor matters; 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.

NEWS CONTACTS

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

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