OSHKOSH, Wis. (July 13, 2022) — 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), an order valued at $130 Million to upgrade 95 additional Stryker Double-V Hull Infantry Carrier Vehicles (ICVVA1) with the 30 mm Medium Caliber Weapon System (MCWS).
In June 2021, the U.S. Army selected Oshkosh Defense and partners Pratt Miller Defense and Rafael Advanced Defense Systems to integrate the 30 mm MCWS onto the Stryker ICVVA1. The five-year requirements contract (with one option year) includes production and logistics support of the MCWS for up to six Stryker Brigade Combat Teams (SBCTs). Including today’s order, the U.S. Army has ordered 269 upgraded vehicles valued at $356 Million to outfit three SBCTs in addition to 20 vehicles for Product Verification Testing (PVT), Follow-on Operational Testing & Evaluation (FOT&E), and logistics development.
“We partner with our customers to offer tailored solutions that meet today’s requirements while staying focused on future growth capability,” said Pat Williams, Vice President and General Manager of U.S. Army and U.S. Marine Corps Programs. “For the MCWS program, our team listened to customer feedback to provide a Soldier-centric lethality solution in a lightweight package that’s easy to integrate while maintaining the survivability and mobility performance of the Stryker.”
In April 2022, Oshkosh Defense completed Government-planned Risk Management Testing (RMT), which further validated the Oshkosh design. Oshkosh Defense also initiated production of the systems for delivery to PVT testing, which begins in late summer.
“We are proud of the partnership we’ve formed with the U.S. Army and the lethality solution we’ve designed together. We look forward to delivering the vehicles to test and getting them into the hands of the Soldiers who need them,” Williams concluded.
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 more than 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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