NEWS

U.S. Marine Corps Orders MTVRs from Oshkosh Defense

High-performance tactical vehicle supports Marines and Seabees in off-road operations

OSHKOSH, Wis. (Sept. 6, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will deliver more than 260 Medium Tactical Vehicle Replacements (MTVR) to the U.S. Marine Corps following a delivery order from the Marine Corps Systems Command (MARCORSYSCOM). The Oshkosh MTVR is the medium-payload workhorse vehicle for the Marines and Navy Seabees, and has been used extensively in Iraq and Afghanistan in a range of challenging conditions.

“The MTVR was designed to give Marines improved off-road mobility, and since being fielded, it has set the standard for all-terrain vehicle performance,” said John Bryant, vice president and general manager of Joint and Marine Corps Programs for Oshkosh Defense. “The MTVRs delivered under this order will support Marines and Seabees with a wide array of tactical missions and on the most challenging terrain.”

The MTVR is available in several variants for the transportation of troops, materials and equipment. The vehicle uses the Oshkosh-patented TAK-4® independent suspension system to achieve a 70 percent off-road profile capability and 16 inches of independent wheel travel for extensive cross-country operations. Oshkosh has delivered more than 11,000 MTVRs to the Marines and Seabees to date.

Working with the Marine Corps Warfighting Lab (MCWL) and the National Robotics Engineering Center of Carnegie Mellon University, Oshkosh has also taken the MTVR’s potential further with its TerraMax™ unmanned ground vehicle (UGV) technology kit. TerraMax-equipped MTVRs used in the MCWL Cargo UGV initiative have been evaluated in various mission scenarios and on a diverse range of terrain. The TerraMax UGV technology has the potential to reduce Marines’ exposure to lethal attacks and free up Marines from logistics missions to support other operations.

MTVR variants being produced under this order include the MK25 Cargo, and MK27 and MK28 Extended Cargo trucks. Production will begin in April 2013 and be completed in September 2014. The order is valued at more than $67 million.

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®, 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, 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; 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.

NEWS CONTACTS

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

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