OSHKOSH, Wis. (November 29, 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 $591.6 Million order for 1,669 Joint Light Tactical Vehicles (JLTV), 868 companion trailers, and associated packaged and installed kits.
The order includes Oshkosh Defense JLTVs for the U.S. Army, U.S. Marine Corps, U.S. Air Force, and U.S. Navy. As part of the order, 125 vehicles will also be delivered to NATO and allied partners, including Brazil, Lithuania, Montenegro, and Slovenia.
Since winning the competitive JLTV contract in 2015, Oshkosh Defense has built over 14,000 JLTVs, and that number continues to grow every day.
“Our team takes great pride in designing and building a versatile platform that can survive the extreme demands of future combat,” said George Mansfield, Vice President and General Manager of Joint Programs for Oshkosh Defense. “That’s what we do and what we’ve been doing for decades. And Oshkosh’s vast tactical wheeled vehicle (TWV) experience, expertise and knowhow grows with every vehicle that comes off our production line.”
International momentum surrounding the Oshkosh Defense JLTV also continues to grow as customers seek a light tactical vehicle with lethal capabilities, fleet commonality attributes, and design flexibility.
“Integrated lethality on an agile and protected vehicle like the Oshkosh JLTV is quickly filling capability gaps that exist in many international militaries,” said John Lazar, Vice President and General Manager of International Programs for Oshkosh Defense. “This past year, we’ve seen an increased interest in the Oshkosh JLTV from international customers with dynamic demonstrations and live fires across Europe with more planned for 2022.”
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 approximately 15,000 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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