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Oshkosh Defense Showcases JLTV Solution, Virtual Task Trainer at AUSA Global Force Symposium

The Oshkosh L-ATV offers unprecedented protected mobility backed by proven integrated product training and services

OSHKOSH, Wis. (March 31, 2015) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, will feature its Joint Light Tactical Vehicle (JLTV) solution – the Light Combat Tactical All-Terrain Vehicle (L-ATV) – as well as its Virtual Task Trainer (VTT) at the Association of the United States Army (AUSA) 2015 Global Force Symposium and Exposition in Huntsville, Alabama. The Oshkosh JLTV solution addresses the U.S. Army and Marine Corps’ need for a lightweight, highly-mobile, net-ready vehicle with superior levels of protection so that Warfighters can fulfill their missions even when in harm’s way.

“Oshkosh’s track record of success with programs similar to JLTV speaks for itself and affirms our ability to provide the best defense vehicle expertise and technology to protect our troops,” said U.S. Army Major General (Retired) John Urias, executive vice president of Oshkosh Corporation and president of Oshkosh Defense. “With our extensive expertise manufacturing and sustaining more than 150,000 tactical wheeled vehicles for the U.S. Department of Defense and its allies, we are confident that no other company can deliver the proven, low-risk response to the military’s JLTV needs.”

Oshkosh JLTV Solution

The Oshkosh L-ATV’s lightweight, compact design leverages 10-years of research and development, as well as lessons from decades of logistics and combat operating experience. The L-ATV merges key design elements of highly survivable combat vehicles and off-road tactical vehicles to operate in a range of threat levels and terrains.

  • The Oshkosh TAK-4i™ intelligent independent suspension system is the next generation of the world’s most advanced, combat-proven suspension system, TAK-4®. The TAK-4i system provides Warfighters with unprecedented maneuverability and exceptional ride quality to reduce fatigue when traveling the world’s toughest terrains.
  • The Oshkosh Core1080™ Crew Protection System is an occupant-centric, comprehensive survivability approach that protects the crew while maximizing all-around vehicle performance. The multi-faceted, fully-integrated system applies advanced components, materials and engineering to optimize whole system survivability. The L-ATV’s digitally-controlled engine contributes to survivability by providing the acceleration and speed that Soldiers and Marines need in high-threat environments. The vehicle’s power-to-weight ratio is optimized to provide superior power, mobility and speed-on-grade capability.
  • The L-ATV’s net-ready systems integration brings critical network and computing capabilities to a broader range of ground missions. The L-ATV’s advantage is based on a unique combination of vehicle Original Equipment Manufacturer (OEM) expertise and extensive in-house C4 and systems capabilities. The L-ATV was designed from day one as a “tactical vehicle system” that enhances the user experience and ergonomics while maximizing overall system performance.

Virtual Task Trainer

Oshkosh will also preview its VTT for the L-ATV at the conference. The VTT is an interactive training module that provides interactive 3D training for soldiers in a safe and life-like virtual environment. The VTT complements Oshkosh’s highly trained team of experts that deliver comprehensive services to optimize vehicle life cycle cost and advance the highest level of fleet readiness.

“The addition of Oshkosh’s virtual training to our multi-faceted curriculum reduces the cost of operator training by improving training effectiveness and efficiency,” said Mike Ivy, vice president of global integrated product support for Oshkosh Defense. “We deployed the VTT to train operators during early JLTV testing with great results. Soldiers were really engaged, and our training was not only better, but it took less time than it would have without the VTT. This represents a significant cost savings opportunity for the government.”

The VTT for the Oshkosh HEMTT fuel servicing truck, or tanker, is composed of ten virtual 4D modules with more than 87 vehicle components. VTT not only enhances the training experience, but also prevents exposure to hazards and moderates wear and tear on the government’s demonstration vehicles. In addition to the VTT, Oshkosh Defense provides hands-on, classroom and simulation training for operators and mechanics as part of its full life cycle services and support for Oshkosh tactical wheeled vehicles.

The Oshkosh L-ATV and VTT will be on display at Oshkosh booth #1427 at the AUSA Global Force Symposium and Exhibition from March 31 – April 2, 2015. Oshkosh Defense leadership will also be available to discuss the company’s vehicles, technologies and services.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions. In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax® unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions. Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

To learn more about Oshkosh Defense, please visit us at oshkoshdefense.com.

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide by rental companies, concrete placement and refuse businesses, fire & emergency departments, municipal and airport services and defense forces where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, please visit www.oshkoshcorporation.com.

®, TM 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 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; the strength of emerging market growth and projected adoption rates of work at height machinery; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment; the Company’s ability to win a U.S. JLTV production contract award and international defense contract awards; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; global economic uncertainty, 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 Company or equity market expectations; 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 or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; cyber security risks and costs of defending against, mitigating and responding to a data security breach; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. 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.