OSHKOSH, Wis. — Sept. 23, 2008 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK) has been awarded a contract from the U.S. Marine Corps for 49 armor-ready Medium Tactical Vehicle Replacements (MTVR), valued at more than $10.7 million.
This is a continuation of a contract originally awarded in 1998. Oshkosh will manufacture and deliver the MTVRs in the cargo truck variants. The latest configurations of the MTVR also feature ready-to-accept armor capabilities for increased troop protection.
“The Marines are quick and agile, and they rely on the mobility, off-road capabilities and transportability of the Oshkosh MTVR to perform their in-service missions,” said John Stoddart, Oshkosh Corporation executive vice president and president, Defense.
The vehicles associated with this contract will be manufactured in Oshkosh, Wis., with a scheduled completion time of December 2009.
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 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®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, Geesink™, Norba™, Kiggen™, 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.
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 consequences of the Company’s financial leverage position and the level of associated borrowing costs; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a recession, which many believe the U.S. economy has already entered; risks related to reductions in government expenditures and 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.
