First European live demonstration of the Oshkosh L-ATV platform to meet the changing defense environment
OSHKOSH, Wis. (June 25, 2014) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), will showcase its latest ground technology at the Defense Vehicle Demonstration 2014 (DVD2014) held today through June 26 at the Millbrook Proving Ground in Bedfordshire, England. The company is providing live demonstrations of the Light Combat Tactical All-Terrain Vehicle (L-ATV) Base variant for the first time in Europe, in addition to the new Mine-Resistant, Ambush-Protected (MRAP) All-Terrain Vehicle (M-ATV) Standard Special Forces (SXF) variant.
“We are thrilled to demonstrate our global L-ATV platform – which marks the future of light, protected military vehicles – for the first time to the European military, industry and acquisition community at DVD2014,” said Serge Buchakjian, senior vice president and general manager of international programs, Oshkosh Defense. “Oshkosh Defense is committed to providing industry leading vehicles, C4ISR integration and life cycle sustainment services in the U.K. and across Europe.”
Oshkosh Defense Vehicles on Display at DVD2014
The New L-ATV – Oshkosh Defense is demonstrating the L-ATV Base variant, which meets a global need for a new level of protected mobility in a light vehicle. The Oshkosh L-ATV represents the future of light combat vehicles as forces look to replace decades-old vehicle fleets that lack the protection and mobility needed for today’s most significant threats, including improvised explosive devices (IEDs) and rocket-propelled grenades.
- The Oshkosh L-ATV was selected for the U.S. Joint Light Tactical Vehicle (JLTV) program’s current phase and is undergoing rigorous U.S. Government testing. The JLTV is expected to fill the current tactical wheeled vehicle capability gap between MRAP vehicles and the aging High-Mobility Multipurpose Wheeled Vehicles (HMMWV) fleet.
- The Oshkosh L-ATV uses the TAK-4i intelligent independent suspension system to enable 25 percent improved wheel travel and 70 percent faster speeds in off-road terrain compared to today’s best-performing tactical vehicles in off-road environments.
New M-ATV Variants – Following its European debut at Eurosatory, the Oshkosh Defense M-ATV family of vehicles will be represented at DVD2014 with the Oshkosh M-ATV SXF variant on-site for live demonstration. This M-ATV SXF is built to adapt to the uncertainties in wide-ranging tactical Missions and is the proven, survivable vehicle for the needs of Special Forces.
The M-ATV family of vehicles delivers extreme off-road mobility and protection for a wider range of missions and is available in two models, each with multiple variants.
- The M-ATV Standard model provides response and support capabilities for a range of offensive and defensive missions in off-road environments. It can seat as many as five crew members and has a cargo capacity rating of up to 5,500 lbs.
- The M-ATV Extended model delivers increased capacity for additional troops and equipment to support a wider assortment of mission profiles, such as mounted infantry support, explosive ordnance support and command-and-control. The Extended model seats up to 11 crew members. It also has a cargo capacity rating of up to 4,400 lbs.
Exhibit Information – The Oshkosh L-ATV Base variant and M-ATV SXF variant will be showcased on-site at DVD2014 at stand OR-40. Leadership will be available to discuss the vehicles and the company’s broader portfolio of technologies and services.
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For more than 90 years, 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.
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 specialty access equipment, commercial, fire & emergency and military 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 in businesses 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. These factors include the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the pace of U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate of work at height machinery; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment; the Company’s ability to win a U.S. Joint Light Tactical Vehicle production contract award; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing global economic uncertainty, 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 Company or equity market expectations; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect either the Company, the Company’s suppliers or its customers; the impact of cyber security risk and costs of defending against, mitigating and responding to a data security breach; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
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