OSHKOSH, Wis. (July 1, 2021) — The U.S. Army Contracting Command – Detroit Arsenal (ACC-DTA) announced that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK), a $152 Million order for Joint Light Tactical Wheeled Vehicles (JLTV), companion trailers, and associated kits.
The order includes Oshkosh JLTVs, trailers and kits for the U.S. Army, U.S. Marine Corps, U.S. Air Force, and U.S. Navy, as well as NATO allies Lithuania, North Macedonia, Slovenia, and Romania.
Since winning the competitive JLTV contract in 2015, Oshkosh has built over 12,500 JLTVs, fielded vehicles to over 40 U.S. and international military installations, and received commitments from 8 NATO, Allied, and Coalition partners.
“We’ve spent over 10 years developing our vehicle, followed by nearly six years of manufacturing the vehicle in both low rate and full rate production,” said George Mansfield, Vice President and General Manager of Joint Programs, Oshkosh Defense. “We’ve refined the manufacturing process, matured our robust supply chain, and fulfilled the light tactical vehicle capability gap in 8 additional countries with our proven platform. No one else can say that. And we have no plans to stop building the Oshkosh JLTV anytime soon.”
The U.S. Army recently increased Oshkosh’s option ceiling under the current contract from 18,170 to 23,163 vehicles to support critical missions worldwide.
“Oshkosh Defense is incredibly pleased with the reception the JLTV continues to receive around the world,” said John Lazar, Vice President and General Manager of International Programs, Oshkosh Defense. “The JLTV provides unprecedented levels of off-road mobility, survivability, and hosted firepower on a light tactical vehicle platform. We had a busy Spring and the momentum surrounding the platform continues to grow.”
In May, the North Macedonia Minister of Defense, Radmila Sekerinska, was able to ride in the JLTV for the first time. Sekerinska later tweeted, “These new American-made light armored vehicles will become part of the Army facilities. Today at Krivolak, we were convinced of their exceptional performance. This is what our Army looks like in #NATO.”
Later in June, the Slovenian Deputy Prime Minister and Minister of Defense Matej Tonin remarked at a JLTV acceptance ceremony, “Modernization of the Slovenian Army has finally begun. With the new light armored vehicles Oshkosh 4×4, our Soldiers will be more successful and safer in tasks at home and abroad.”
To date, Oshkosh has received orders or commitments from the following NATO, Allied, and Coalition partners including the United Kingdom, Belgium, Montenegro, Slovenia, Lithuania, Brazil, Romania, and North Macedonia.
About Oshkosh Defense
Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.
Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].
Learn more about Oshkosh Defense at oshkoshdefense.com.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs nearly 14,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, London™ and Pratt Miller. For more information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news 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 news 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 overall impact of the COVID-19 pandemic on the Company’s business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company’s customers, suppliers and employees; and the cyclical nature of the Company’s Access Equipment, Commercial and Fire & Emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons.
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