Oshkosh Defense Receives Order for 248 Joint Light Tactical Vehicles

July 1, 2020 | ,

OSHKOSH, Wis. (July 1, 2020) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the U.S. Army Contracting Command, Detroit Arsenal has placed an order for 248 Joint Light Tactical Vehicles (JLTVs) and associated kits.

Today’s announced order is valued at $127 million and includes vehicles for the U.S. Army, U.S. Marine Corps and the Department of State.

“The JLTV was designed to provide our troops with unmatched mission capabilities,” said George Mansfield, vice president and general manager of joint programs for Oshkosh Defense. “And while adversaries, terrains, and tactics have all evolved immensely since the vehicle’s conception, the JLTV’s flexible design allows the light tactical vehicle fleet to evolve at a similar pace.”

One such example of the JLTV’s flexibility, is its capability to accept any number of advances in weapons, lasers, sensors, networking, and communications.

To date, Oshkosh has successfully integrated multiple weapons on the JLTV such as Remote Weapon Systems up to 30mm, anti-tank missile systems, anti-aircraft missile systems, Unmanned Aerial Vehicle (UAV) systems, and Counter-UAV systems. These systems on the JLTV offer both the protection and the highly reliable defense technologies needed for troops to defeat near-peer adversaries.

Over 7,500 total vehicles have been delivered to the U.S. Army, U.S. Marine Corps, U.S. Air Force, and U.S. Navy since the production contract was awarded in 2015. Additionally, foreign interest in the JLTV continues to grow. Several NATO countries have publicly expressed interest in procuring the vehicle, including Lithuania, Slovenia, United Kingdom, and Montenegro.

About Oshkosh Defense

Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles and mobility systems. As a pioneer of combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that advance troop safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every vehicle is supported worldwide throughout its entire life cycle.

Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

Learn more about Oshkosh Defense at www.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 more than 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®, Frontline™, Jerr-Dan®, Oshkosh® Airport Products, CON-E-CO® and London™. 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 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 guaranteeing 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.

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