May 18, 2023
OSHKOSH, WI. (May 18, 2023) — Oshkosh Defense LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that it has submitted its proposal in response to the U.S. Army’s Request for Prototype Proposal (RPP) for the Platform Prototype Design & Build phase of the Robotic Combat Vehicle (RCV) program.
“The Oshkosh Defense RCV team is pleased to submit our proposal for Phase 1 of the RCV program,” said Pat Williams, chief programs officer for Oshkosh Defense. “We remain committed to being responsive to the needs and requirements of the Soldier to provide the most capable, reliable, and maintainable robotic platform.”
The elite team of Oshkosh Defense, Pratt Miller Defense, and QinetiQ provide the most mature and established RCV solution by leveraging leading-edge technology and manufacturing excellence while incorporating valuable customer feedback into the design.
“The Oshkosh RCV is an evolution of a decade of innovation, development, and testing. And it shows.” Williams continued. “Our solution is optimized to exceed the performance requirements and is ready now to meet the demanding program schedule.”
Based on proposal evaluations, up to four vendors could be selected to deliver RCV platform prototypes by August 2024.
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 www.oshkoshdefense.com.
About Pratt Miller
Pratt Miller, a wholly owned subsidiary of Oshkosh Defense, is a ground-breaking product development company that solves its customers’ most technical and complex challenges in the Motorsports, Defense, and Mobility industries.
Pratt Miller Defense (PMD), one of the company’s three core business lines, provides complete vehicle integration, from concept to production. PMD specializes in Platform Development, Robotics, Advanced Concepts, and Technology Integration.
Learn more about Pratt Miller at www.prattmiller.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 approximately 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®, Hinowa, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, 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.
About QinetiQ Inc.
QinetiQ Inc. is a leading defense and security company in the U.S. providing mission-led innovation at pace. We support our customers worldwide with mission-critical solutions to create, test and use the latest technologies to deliver real world advantage. QinetiQ Inc. operates as the U.S. arm of QinetiQ Group PLC (QQ.LSE), a global integrated defense and security company focused on mission-led innovation for defense, security and civil customers around the world.
We are 6,000 people creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required. QinetiQ’s 750 U.S. employees are based predominantly in Virginia and Massachusetts.
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 extent of supply chain and logistics disruptions; the Company’s ability to increase prices or impose surcharges to raise margins or to offset higher input costs, including increased raw material, labor, freight and overhead costs; the Company’s ability to accurately predict future input costs associated with Defense contracts; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; the Company’s ability to predict the level and timing of orders for indefinite delivery/indefinite quantity contracts with the U.S. federal government; the impact of any U.S. Department of Defense solicitation for competition for future contracts to produce military vehicles; the impact of orders from the U.S. Postal Service; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security threats and breaches impacting the Company; 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 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.