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Oshkosh Defense L-ATV Makes European Debut

Light Combat Tactical All-Terrain Vehicle meets global need for highly mobile light vehicle

OSHKOSH, Wis. (Sept. 10, 2013) — Global military forces require a mobile, protected and  lightweight vehicle to navigate the unpredictable combination of terrain, tactics and threats they face in current and future missions. Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is ready to meet that need with the Oshkosh Light Combat Tactical All-Terrain Vehicle (L-ATV). The company is exhibiting the vehicle for the first time in Europe at the DSEI 2013 defence and security exhibition, Sept. 10-13 in London.

The Oshkosh L-ATV can help fill a vital capabilities gap for protection and mobility that global militaries face with their current light-vehicle fleets. Many historical light vehicle fleets, such as the High-Mobility Multipurpose Wheeled Vehicle (HMMWV), Eagles and Land Rovers, are nearing the end of their useful life cycle and were never designed to accommodate the armour and equipment that is needed for modern conflicts.

“The ability to operate on a battlefield with a wide range of threats and terrain is increasingly critical for forces around the globe,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “The L-ATV was specifically designed to fulfil that mission. The platform offers unprecedented levels of protection and off-road mobility to navigate even the harshest environments.”

The L-ATV’s superior mobility is largely attributable to the Oshkosh TAK-4i intelligent independent suspension system. The TAK-4i system expands on the success of the proven TAK-4® system to deliver more than 50 centimetres of independent wheel travel – a 25 per cent increase over currently fielded vehicles. The TAK-4i system enables the L-ATV to shift power to the wheels that are in contact with the ground to provide control and manoeuvrability on dangerous terrain.

The L-ATV offers advanced troop protection against IEDs and other battlefield threats with a scalable armoured capsule optimized for protection, weight and mobility. The capsule’s modular, adaptable design can accept multiple armour configurations, allowing the vehicle to accept future enhancements.

Oshkosh Defense can deliver L-ATV fleets with fully integrated and tested command, control, communications and computer (C4) equipment. This includes factoring the mechanical, electrical and user interfaces into the vehicle design process to optimize overall system performance and the user experience. Oshkosh performs C4 installation in-house, either during the production process or after, to reduce time and costs. Oshkosh integrated C4 systems into the Oshkosh M-ATV, which contributed to the vehicle being designed, produced and delivered at a rate of more than 1,000 per month – all in less than one year.

“We blended the latest design and proven technologies in the L-ATV to create a vehicle with superior performance and reduced sustainment costs,” added Serge Buchakjian, senior vice president and general manager of international programs for Oshkosh Defense. “Our global life-cycle support offerings, from training and parts supply to maintenance support and remanufacturing, help keep vehicle fleets at peak readiness anywhere the mission requires.”

Virtual Training Improves Fleet Readiness and Reduces Costs

In addition to the L-ATV, Oshkosh will display a technology kiosk at DSEI featuring the Oshkosh Virtual Trainer Heavy Expanded Mobility Tactical Truck (HEMTT) module. The Oshkosh Virtual Trainer provides life-like training in a safe, virtual environment, while providing troops the skills they need to perform actual tasks. Oshkosh currently offers the Virtual Trainer for multiple HEMTT configurations and has found it can provide a 20 per cent or more cost savings compared to a traditional classroom-only training approach.

The Oshkosh Virtual Trainer is part of Oshkosh’s Integrated Product Support (IPS) offerings, a comprehensive vehicle-service portfolio designed to optimize fleet readiness and life-cycle costs. Oshkosh IPS offerings include training services, instruction manuals, maintenance and repairs, parts supply, and fleet restoration services. Oshkosh has been executing a successful 20-year service plan for the British Armed Forces’ Wheeled Tanker program since 2003. This has included the development of training manuals, maintenance support and integrated logistics support for the fleet of approximately 350 vehicles.

Oshkosh Defense leadership will be available to discuss vehicles, technologies and training capabilities at DSEI at booth #N4-160 in the ExCeL London Exhibition and Convention Centre.

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, log on to 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, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; the expected level and timing of the DoD 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 the significant projected decrease in sales levels 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 weakness, 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; 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. 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.