Oshkosh Defense and Flyer Defense Receive Task Assignment to Develop Infantry Squad Vehicle (ISV)

August 23, 2019 |

OSHKOSH, Wis. (August 23, 2019) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the U.S. Army has awarded Oshkosh Defense along with teammate, Flyer Defense LLC, a Task Assignment award under an existing Project Agreement with the National Advanced Mobility Consortium (NAMC) to develop the new Infantry Squad Vehicle (ISV).

The ISV is a lightweight expeditionary all-terrain vehicle that can carry up to nine troops and associated combat equipment.

Under the award, Oshkosh and Flyer will deliver two prototype ISVs in support of government testing and evaluation.

“The ISV program is critical in providing infantry troops with an agile means to get to and through the battlefield as quickly and capably as possible,” said George Mansfield, Vice President and General Manager of Joint Programs at Oshkosh Defense. “The ISV platform will also significantly lighten the load for infantry troops, who regularly each carry over 100 pounds of gear on foot,” continued Mansfield.

Flyer Defense is most prominently known for the highly successful GMV 1.1 deployed around the world by U.S. Special Operations Forces as well as the U.S. Army A-GMV, which is fielded as the interim ISV solution. Flyer Defense is the design authority and leads the build team for the two prototype ISVs which will be submitted to the government for testing. If selected, Oshkosh Defense will be responsible for manufacturing the production phase vehicles. “The Oshkosh and Flyer team brings together an abundance of tactical wheeled vehicle design and manufacturing expertise and we’re very confident in our team’s ISV offering,” concluded Mansfield.

The ISV production contract award is expected to take place in the Spring of 2020. In total, the U.S. Army plans to procure 651 vehicles and associated hardware and services between fiscal years 2020 and 2024.

About Flyer Defense

Flyer Defense LLC was formed in 2000 to provide mission specialized, lightweight, off-road wheeled tactical vehicles capable of internal transport in rotary and tilt wing aircraft.

Flyer provides purpose-built vehicles and logistics support for U.S. Army, special operations forces, and global allies.  Always prioritizing the users and their missions, Flyer vehicles increase ground tactical mobility, allow rapid deployment into contested areas, and enable infantry squads to move quickly over extended distances and difficult terrain.

The Flyer family of successfully tested and certified vehicles are interoperable and interchangeable, allowing rapid vehicle customization for immediate operational and/or combat relevance configuration.

For more information, please visit www.flyerdefense.com

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades 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™ integrate d control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide 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. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK]

To learn more about Oshkosh Defense, please visit www.oshkoshdefense.com.

About Oshkosh Corporation

Founded in 1917, Oshkosh Corporation is more than 100 years strong and continues to make a difference in people’s lives. Oshkosh brings together a unique set of integrated capabilities and diverse end markets that, when combined with the Company’s MOVE strategy and positive long-term outlook, illustrate why Oshkosh is a different integrated global industrial.  The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.

Today, Oshkosh Corporation is a Fortune 500 Company with manufacturing operations on four continents. Its products are recognized around the world for quality, durability and innovation and can be found in more than 150 countries.  As a different integrated global industrial, Oshkosh is committed to making a difference for team members, customers, shareholders, communities and the environment. For more information, please visit www.oshkoshcorporation.com.

®, ™ All brand names referred to in this section of the 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 guaranteeing 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.

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The ISV is a lightweight expeditionary all-terrain vehicle that can carry up to nine passengers and associated equipment.

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