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Oshkosh Defense to Showcase JLTV Solution at AUSA Winter

Government evaluations of Oshkosh JLTV prototypes to continue through October

OSHKOSH, Wis. (Feb. 19, 2014) — The focus of the AUSA Winter Symposium and Exposition is “preparing the Army for an unpredictable global security environment out to the year 2020 and beyond.” Crucial to this preparation will be future light tactical vehicles that can provide both the mobility and protection soldiers require. To meet this need, Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), will exhibit its Joint Light Tactical Vehicle (JLTV) solution, the Light Combat Tactical All-Terrain Vehicle (L-ATV), at the symposium, Feb. 19-21 in Huntsville, Ala.

Oshkosh’s production-line-assembled JLTV prototypes were delivered ahead of schedule in August 2013 for government testing as part of the Engineering, Manufacturing and Development (EMD) phase. Oshkosh is currently supporting government evaluation, which will continue through October 2014, while also conducting further independent testing of its JLTV solution.

“The deliberate and aggressive requirements for the JLTV program will provide our Warfighters a new vehicle class, filling the gap between the HMMWV and MRAP vehicles currently in service,” said John Bryant, senior vice president of Defense Programs for Oshkosh Defense. “The Oshkosh JLTV is a fully systems-engineered solution, developed across multiple vehicle generations to deliver new levels of protected mobility for a lightweight vehicle.”

The Oshkosh JLTV solution leverages an integrated survivability solution derived from the life-saving Oshkosh MRAP All-Terrain Vehicle (M-ATV). The Oshkosh JLTV also provides unprecedented levels of off-road mobility using a next-generation iteration of the Oshkosh TAK-4® independent suspension system, called TAK-4i™ intelligent independent suspension system.

Oshkosh combined its engineering and integration expertise to deliver a JLTV that is optimized with both the vehicle design and C4 requirements in mind. Oshkosh’s systems engineering approach considers the impact of the C4 systems during the vehicle design process, allowing potential system conflicts and interference or impacts on ergonomics to be addressed up front. Oshkosh’s “first-pass” approach includes the installation of C4 and other JLTV systems in-house, on the production line. This eliminates the cost of third-party integration and can help improve quality by removing the need to disassemble vehicles for equipment installation.

Oshkosh Defense leadership will be available to discuss the Oshkosh JLTV solution and the company’s broad portfolio of vehicles, technologies and services at AUSA Winter at booth #1435.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services.  For more than 90 years, 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.

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 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®, Jerr-Dan®, Frontline™, 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, please visit to 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, especially with the current outlook for U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate 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 the significant projected decrease in sales levels in the defense segment; the Company’s ability to win a U.S. Joint Light Tactical Vehicle production contract award; 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 consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing 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; 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.