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OSHKOSH DEFENSE SUBMITS PHASE II PROPOSAL FOR RCV PROGRAM

OSHKOSH, Wis. — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) business, announced that on Thursday, August 29, 2024, it submitted its proposal in response to the U.S. Army’s Request for Prototype Proposal (RPP) for the Robotic Combat Vehicle (RCV) Phase II: Production Representative Prototype (PRP) program.

At Oshkosh Defense, we design with the future in mind,” said Pat Williams, chief programs officer at Oshkosh Defense. “Our offering for Phase II of the RCV program leverages our engineering expertise to provide the U.S. Army with innovative, adaptable technologies to enhance Soldier performance and mission success.”

The Oshkosh RCV is purpose-built to provide Soldiers with the capabilities necessary for increased performance, improved maintainability, and flexibility in multi-domain operations. Developed through multiple iterations of test and Soldier feedback, the modular Oshkosh RCV is payload agnostic and supports the rapid integration of future technologies. Oshkosh’s robust systems engineering approach and design maturity ensures the U.S. Army achieves program milestones within the Rapid Prototype phase of this Mid-Tier Acquisition.

On Monday, August 19, 2024, Oshkosh delivered two RCV Platform Prototypes as part of the Phase I Ground Vehicle Systems (GVS) Other Transaction Agreement (OTA) that Oshkosh was awarded in September 2023. These prototypes support platform mobility testing and Soldier touchpoints as part of the Phase II source selection.

“The Oshkosh team, with Pratt Miller Defense and QinetiQ US, has applied early feedback to deliver prototypes and a Phase II proposal that are soldier-centered and designed to keep pace with the evolving battlefield,” continued Williams. “We remain steadfast in our collaboration with the U.S. Army to provide the most capable, mature, and production-ready RCV offering to achieve the program’s rapid prototype and fielding schedule.”

Phase II consists of a base award of $118.9 million and calls for down-selected contractors to deliver nine RCV Production Representative Prototypes in early 2026.

This effort was sponsored by the U.S. Government under Other Transaction number W56HZV-23-9-D001 with The National Advanced Mobility Consortium, Inc. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation herein.

The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government, the National Advanced Mobility Consortium, Inc., or any of its members.

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 business [NYSE: OSK].  Learn more about Oshkosh Defense at www.oshkoshdefense.com.   

About Pratt Miller Defense

Founded in 1989, Pratt Miller, a wholly owned subsidiary of the Oshkosh Corporation (NYSE: OSK), is a ground-breaking product development company that solves its customers most technical and complex challenges in the Motorsports, Defense, and Mobility industries.   

In this rapidly changing global environment and unparalleled expertise in Robotics, Technology Integration, Platform Development, and Advanced Concepts, Pratt Miller Defense consistently solves complicated problems in compressed timelines and delivers solutions that provide overmatch capabilities that save lives.

About QinetiQ US

QinetiQ US is a leading defense and national security company providing mission-led, customer focused engineering and innovative solutions for next generation ISR, advanced cyber technology, mission operations and multi-domain autonomous systems to deliver a decisive and actionable information advantage and counter near peer adversaries.  

QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), a global integrated defense and security company focused on innovation for defense, security and civil customers around the world. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defense Counterintelligence & Security Agency (DCSA). Visit our website us.qinetiq.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 over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Power Towers, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ 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.

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 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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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