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Oshkosh Defense Displays Broad Vehicle Portfolio for Canadian Armed Forces at CANSEC 2014

Oshkosh MSVS SMP test vehicles undergoing Canadian Government evaluations

OTTAWA, Ontario (May 26, 2014) – Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), is showcasing a broad range of purpose-built military vehicles and services at CANSEC 2014 to support the Canadian Armed Forces’ vehicle modernization efforts. Oshkosh vehicles will be on display at CANSEC May 28-29 at the EY Centre in Ottawa, Ontario.

As CANSEC is underway, Oshkosh Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) test vehicles are undergoing testing and evaluation with the Canadian Department of National Defence (DND). Oshkosh delivered two MSVS SMP vehicles Ð including the Cargo and Load Handling System variants Ð in January of this year.

“Oshkosh’s primary focus is providing support to our Canadian customers as they evaluate our MSVS SMP vehicles,” said John Lazar, senior director of global strategic initiatives for Oshkosh Defense. “The Oshkosh MSVS SMP is a best-value solution offering advanced military vehicle technologies, robust in-service support spanning six continents and exceptional value for the Canadian economy.”

Oshkosh is leveraging its growing network of more than 700 Canadian suppliers and strategic team members Ð DEW Engineering and Development, General Dynamics Land Systems-Canada and Link Suspensions of Canada-Raydan Division Ð to present a high value, low risk Industrial Regional Benefit (IRB) plan for its MSVS SMP bid. Oshkosh is committed to returning 100 percent or more of its bid value back to the Canadian economy.

MSVS Partner logos

The Oshkosh MSVS SMP in-service support (ISS) solution optimizes readiness and reliability, while minimizing life cycle costs by using an electronic information environment (EIE) and logistics system. Oshkosh’s proven life-cycle sustainment support begins at vehicle design and extends across the fleet’s service life. Oshkosh and its strategic team members have successfully conducted life-cycle sustainment with scope, scale and performance periods similar to the MSVS SMP programme. Oshkosh has used its logistics supportability analysis methodology for fleet health management, reducing fleet life-cycle costs by as much as 70 percent.

Oshkosh Vehicles on Display at CANSEC

While the Oshkosh MSVS SMP vehicles are being put through the paces in testing, the company is showcasing an impressive display of light, medium and heavy vehicle platforms suited for future Canadian vehicle modernization programs.

The New M-ATV Light Platform – Oshkosh is debuting a new MRAP All-Terrain Vehicle        (M-ATV) platform at CANSEC. Named M-ATV Light, the platform offers the performance characteristics of the combat-proven M-ATV in a more compact, transportable design, maintaining and enforcing security levels in predominantly off-road environments that require speed, agility and air transportability. The M-ATV Light uses the Oshkosh TAK-4® independent suspension system, which is the industry’s gold standard for off-road mobility for a full range of heavy, medium and light-duty tactical vehicles. The M-ATV Light features enhanced armour protection and an impressive power-to-weight ratio compared to previous generation Special Operations vehicles.

HEMTT A4 Recovery Truck – The Oshkosh Heavy Expanded Mobility Tactical Truck (HEMTT) A4 Recovery Truck offers heavy-duty power and extreme performance to lift and retrieve disabled vehicles that weigh in excess of 9,000 kg. The vehicle is off-road capable and has the maneuverability to recover vehicles in rugged terrain or challenging conditions, such as those mired in mud, sand, water or snow. The HEMTT platform is currently in use by 10 countries for global logistics missions.

FMTV Enhanced Protection & Mobility Demonstrator – The Oshkosh Family of Medium Tactical Vehicles (FMTV) is a highly reliable platform with 17 variants used by the U.S. Army and National Guard, and global armed forces. Equipped with the Oshkosh TAK-4 independent suspension system, the FMTV Enhanced Protection & Mobility Demonstrator (EPMD) achieves dramatically improved performance – including a 120 percent improvement in wheel travel and a nearly 20 percent improvement in maximum speed – to support logistics operations, relief efforts and unit resupply missions in severe off-road environments.

Oshkosh leadership will be available to discuss the Oshkosh MSVS SMP solution and the company’s broad portfolio of vehicles, technologies and services at CANSEC at indoor booth #1001 and outdoor booth #2029.

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 a 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.