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Oshkosh Defense Announces Fielding Decision for Extendable Boom Forklift Fleet

The Modernized EBFL fleet gives U.S. Marines greater capability and protection during logistics operations.

OSHKOSH, Wis. (September 19, 2016) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announces the U.S. Marine Corps has approved the fielding of the newly modernized Extendable Boom Forklift (EBFL-M) fleet. Oshkosh will begin delivering EBFL-M vehicles to the initial fielding locations later this month. Oshkosh is scheduled to deliver 535 vehicles by late 2017 to both the Marine Corps and Navy, nearly two years faster than the program’s projected completion date of 2019.

“We’re very pleased with the progress of this modernization program and confident that the modifications to the EBFL will enhance how safely and efficiently Marines and sailors are able to carry out logistical missions,” said Pat Williams, vice president and general manager of Army and Marine Corps programs for Oshkosh Defense. “Being able to deliver well ahead of our original schedule reinforces our commitment to the operational needs of the warfighter.”

The updated EBFL-M vehicle is equipped with several new ‘plug-and-play’ features that increase loading efficiencies and operator safety during missions downrange. Modernization upgrades include forklift options to handle 7,000 and 11,000 lb. payloads with smaller attachments and a relocated hydraulic manifold to more efficiently load and unload aircraft including with the new CH-53K helicopter.

The newly designed two piece EBFL-M cab features an armored upper cab option for greater operator protection and an armored lower compartment that houses the vehicles’ systems. The removable upper cab can be easily replaced in the field with an armored cab without disconnecting any vehicle systems. Under the current contract, Oshkosh will supply 100 armored vehicle cabs.

The EBFL-M contract awarded to Oshkosh is a maximum $99 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract. All work will be performed in Oshkosh, Wisconsin. The contract was competitively procured.

Visit the Oshkosh Defense exhibit at this year’s Modern Day Marine expo, September 27-29 in Quantico, VA to see the EBFL-M.

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™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our 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 us at oshkoshdefense.com.

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide by rental companies, concrete placement and refuse collection businesses, fire & emergency departments, municipal and airport services and defense forces, where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, please 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.

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