OSHKOSH, Wis. (Jan. 31, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is expanding its training support services in California by opening a larger facility in Temecula, Calif., and moving out of its facility in Oceanside. The new California Regional Logistics Center, scheduled to open in February, is located adjacent to the Marine Corps Base (MCB) Camp Pendleton and will provide vehicle operator and maintenance training to Marines and Navy Seabees.
“We are eager to begin working in the new facility and expand our advanced technologies and vehicle training in support of Marines Corps and Navy operational readiness,” said John Bryant, vice president and general manager of Marine Corps Programs for Oshkosh Defense. “The courses we’ve conducted for Marines and Seabees since we first opened a California facility in 2007 have helped them properly maintain their fleets, ultimately increasing vehicle service life while reducing vehicle downtime and repair-and-replacement costs.”
Oshkosh specialists have trained more than 450 Marines and Seabees since 2007, primarily to support the MRAP All-Terrain Vehicle (M-ATV), Medium Tactical Vehicle Replacement (MTVR) and Logistics Vehicle System Replacement (LVSR). Oshkosh training specialists provide custom courses in addition to classes for Oshkosh technologies and vehicles at regional facilities, or on-site at customer locations around the world.
This Oshkosh Product Training Center location is designed with larger classrooms and dedicated training maintenance bays, where even more Marines and Seabees can receive maintenance, operator, advanced electrical and hydraulic, or pre-deployment training to build on the knowledge acquired during initial vehicle maintenance training.
In addition to providing best-in-class training, the 64,000-square-foot California Regional Logistics Center will be staffed by Oshkosh’s factory-trained technicians to provide the company’s full range of sustainment services. This includes vehicle repairs, preventative and corrective maintenance, armor installation, remanufacturing, major component replacement and retrofits, and parts distribution support for the major military bases in the U.S. Southwest.
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 Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, 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, visit www.oshkoshcorporation.com.
®, ™ 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 impact on revenues and margins of the decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; 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 equity market expectations; the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof, especially in an environment when the U.S. government is operating under a Continuing Resolution budget action; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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.
