OSHKOSH, Wis. & LONDON, Ontario — June 2, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), and General Dynamics Land Systems-Canada will be exhibiting Oshkosh’s MRAP All-Terrain Vehicle (M-ATV) and Medium Tactical Vehicle Replacement (MTVR) in the Valley Associates booth at CANSEC 2010, which is taking place June 2-3 in Ottawa, Ontario.
Oshkosh Defense and General Dynamics Land Systems-Canada have teamed up for the Canadian Department of National Defence’s Tactical Armoured Patrol Vehicle (TAPV) program, which will replace the Armoured Patrol Vehicle (APV) and the Coyote reconnaissance vehicle. The companies also are teamed up for the Medium Support Vehicle System (MSVS) program, which will replace the Medium Logistics Vehicles, Wheeled (MLVW) fleet. The new programs will enhance the capabilities of the Canadian Forces with protected, high-performance vehicle fleets.
“The M-ATV and MTVR are proven, high-performance platforms that deliver world-class capabilities for operations in challenging environments,” said Ron Ziebell, Oshkosh Defense vice president and general manager, International Programs. “The M-ATV offers exceptional survivability and mobility for missions in extreme conditions. The MTVR is an easily transportable heavy-duty vehicle that can carry large payloads both on- and off-road.”
Oshkosh will serve as the prime contractor for both programs and will leverage existing vehicle platforms and technologies for proposal submissions. General Dynamics Land Systems-Canada will provide systems integration and testing support for the vehicles, as well as the complete spectrum of in-country sustainment support. Oshkosh uses the services of Valley Associates to provide Canadian-based services in the areas of marketing and business development.
The M-ATV delivers protection capabilities equal to or greater than legacy Mine-Resistant Ambush-Protected (MRAP) vehicles, and can accept add-on armour packages for additional protection from a multitude of threats. The MTVR is available in several variants, including cargo, dump truck, tractor and wrecker, and is designed for extensive off-road operations. It has an off-road payload capacity of 7.1 tons (nearly 6.5 tonnes) and an on-road payload capacity of 15 tons (more than 13.5 tonnes). Both vehicles use the Oshkosh TAK-4® independent suspension system to achieve a 70 percent off-road profile capability to overcome severe and uneven terrain.
To date, Oshkosh has received orders to deliver 8,079 M-ATVs for operations on Afghanistan’s rugged cross-country terrain and unimproved roads. The vehicle uses a 370-horsepower (276-kilowatt) engine, an Allison 3500 SP transmission and a two-channel central tire-inflation system with four terrain settings. Oshkosh recently expanded the M-ATV into a family of vehicles with the addition of tactical ambulance and utility variants.
The Oshkosh vehicles will be on display in the Valley Associates outdoor display area #219. Also on display from Oshkosh will be a SandCat Tactical Protector Vehicle (TPV), a high-mobility, protected tactical vehicle. Oshkosh is leveraging Valley to provide marketing and business-development services exclusively in Canada.
About General Dynamics Land Systems-Canada
General Dynamics Land Systems-Canada, located in London, Ontario, Canada, is a business unit of General Dynamics Land Systems of Sterling Heights, Michigan. For over 30 years, more than 2,000 highly skilled technical employees have designed, manufactured, delivered and supported to global customers a unique family of light armoured vehicles (LAV). More information on the company is available at www.gdlscanada.com.
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 oshkoshdefense.com.
About General Dynamics
General Dynamics (NYSE: GD), headquartered in Falls Church, Va., employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.generaldynamics.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 Corp. 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, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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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 planned decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, 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 procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company’s Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally;
