OSHKOSH, WIS. (January 25, 2008) – Oshkosh Truck Corporation [NYSE: OSK] today announced that its Airport Products Group has received an order from Beijing Capital International Airport for 26 Oshkosh® H-Series™ snow removal vehicles. The vehicles are specified in two configurations: 24 front-mounted broom units and two high-speed blowers. The order is valued at USD$10.6 million. All units will be delivered by the fall of 2008, and will be commissioned and in service for the entire 2008-2009 snow season.
Opened in 1999 and located 20 kilometers northeast of Beijing’s city center, Beijing Capital International Airport is the main international airport for the capital city of Beijing. As the radial center for aviation within China, it serves as the main hub for eleven domestic airlines and 55 international carriers, and provides more than 5,000 scheduled flights available to 88 cities in China and 69 cities abroad.
“Oshkosh has made a substantial investment in China, and is the only U.S. manufacturer of custom snow removal vehicles with an established business unit in the country,” said Mike Crowe, Oshkosh Truck Municipal Products Group president. “This order is a direct reflection of our company’s commitment to being an innovative force around the globe.”
“This is Oshkosh Truck Corporation’s largest order from the People’s Republic of China, and one of the largest single orders ever worldwide for the H-Series chassis. Our ability to provide the world’s most technologically advanced and innovative snow removal vehicles, plus around-the-clock local support through a dedicated Oshkosh facility in Beijing, were decisive to being awarded this prestigious contract,” added Crowe.
Another key element in the final contract award was that Oshkosh’s patented Command Zone® vehicle control system has been programmed in Chinese at the customer’s request. All operational and maintenance systems are in Chinese.
Developed by carefully listening to customers who operate and manage snow removal fleets around the world, the H-Series chassis is engineered to provide a roomy cab, excellent visibility, built-in safety systems, greater comfort, unmatched performance and legendary Oshkosh reliability. Among features found on the H-Series chassis:
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- All-wheel drive and proprietary Oshkosh 55000 Series transfer case
- Patent-pending cab design with panoramic view, large windshield and no corner posts
- Large cab with excellent sound insulation for better communication
- Two full sized seats to accommodate a supervisor/training officer
- Easy-to-operate digital climate control and power roll-down windows
- Safety interlocks and emergency stop button for attachments
- Command Zone electronic LCD dash pod
Seamlessly integrates with a variety of blowers, plows, scrapers and broomsOshkosh Truck Corporation [NYSE: OSK] is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire and emergency and military vehicles and vehicle bodies. Oshkosh’s products are valued worldwide by concrete placement companies, rental companies, fire and emergency units, defense forces, municipal and airport support services, and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshtruck.com.
Forward-Looking Statements
This press release contains statements that the company believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “expects,” “intends,” “estimates,” “anticipates,” or “believes” and similar expressions 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, that 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 markets, the company’s ability to successfully integrate the JLG acquisition, the consequences of financial leverage associated with the JLG acquisition, risks related to reductions in government expenditures, the uncertainty of government contracts and the company’s ability to turnaround its Geesink Norba Group business. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission.
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