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Oshkosh Defense Signature Campaign Raises $100,000 for Fisher House Foundation

Oshkosh contributions support families with relatives injured in military service

OSHKOSH, Wis. (August 29, 2011) – Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), yesterday presented Fisher House Foundation with a check for $100,000 at the 133rd NGAUS Conference & Exhibition in Milwaukee, Wis. Funds were raised through a campaign where signatures were collected at various events across the country over the past year. Oshkosh committed a $2 donation to the foundation for each signature obtained, reaching $100,000 this past weekend.

Fisher House Foundation serves more than 12,000 military families each year by helping fund visits to injured relatives. The organization has provided more than three million days of free lodging to family members since the program originated in 1990.

“We’ve reached the culmination of the Oshkosh Defense Signature Campaign and we are proud to present this check for $100,000 to Fisher House Foundation,” said Mike Ivy, vice president and general manager of Army Programs for Oshkosh Defense. “Fisher House Foundation supports the men, women and families of the U.S. Military during the trying times of injury and recovery. We’re pleased to build greater awareness for the mission of Fisher House Foundation and help give back to those military families who have contributed so much in their service to this country.”

The vehicles produced by Oshkosh Defense are instrumental in protecting our service men and women” said Ken Fisher, Chairman and CEO, Fisher House Foundation. “Many family members have found comfort in a Fisher House while their loved ones healed in our military and VA medical centers but it was often the safeguards afforded by Oshkosh design that shielded our warriors and allowed them to leave the battlefield. Fisher House is proud to partner with Oshkosh Defense and grateful for their support and generosity.

Early next month, Oshkosh will also help commemorate the grand opening of a new Fisher House in Washington, D.C. The company donated $200,000 in 2010 to help build the house, which will serve as a “home away from home” for family members visiting injured military personnel at the Washington, D.C. VA Medical Center.

Oshkosh Defense has a long-standing history of supporting military members and families, both in the field and back at home, through charitable giving and program support. The company has partnered with organizations such as USO, Tragedy Assistance Program for Survivors (TAPS), Wounded Warrior Project, Our Military Kids and others. Oshkosh actively recruits and employs a high ratio of veterans who are advancing their civilian careers and currently employs more than 300 guard, reserve and retired military members.

 

About Fisher House Foundation, Inc.

The Fisher House program is a unique private-public partnership that supports America’s military in their time of need. Because members of the military and their families are stationed worldwide and must often travel great distances for specialized medical care, Fisher House Foundation donates “comfort homes” built on the grounds of major military and VA medical centers. These homes enable family members to be close to a loved one at the most stressful time, during the hospitalization for an unexpected illness, disease, or injury. For more information, visit www.fisherhouse.org.

 

About Oshkosh Defense

Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit oshkoshdefense.com.

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, 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 expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, 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 equity market expectations; the impact on revenues and margins of the decrease in M-ATV production rates; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the potential for disruptions or cost overruns in the Company’s global enterprise resource planning system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and 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.

 

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