OSHKOSH, Wis. — May 19, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today it is unveiling a new version of its well-protected, highly mobile MRAP All-Terrain Vehicle (M-ATV) tactical ambulance variant at the 2010 Association of the United States Army’s (AUSA) Institute of Land Warfare (ILW) Army Medical Symposium and Exposition, which is being held May 18-20 in San Antonio, Texas. The M-ATV ambulance can be seen at the Henry B. Gonzalez Convention Center, booth #558.
“We’ve created an additional M-ATV tactical ambulance variant to offer a side-by-side patient litter layout in response to feedback from the military,” said Ken Juergens, Oshkosh Defense vice president and general manager, Joint Programs. “We developed the M-ATV ambulance to allow military operations to provide critical casualty care services in the unforgiving landscapes where tactical missions must operate. It is very important to us to attend events like the ILW Army Medical forum to meet with the officers and soldiers who will be using our vehicles in theater. Their input is crucial as we build the best possible vehicles for our Warfighters.”
The tactical ambulance variant offers a new mission profile and expanded medical capabilities while maintaining the durable, best-in-class mobility and superior crew protection of the original M-ATV offering. The vehicle seats three crew members plus two litters or four ambulatory patients. Like the standard M-ATV, the tactical ambulance variant provides 16 inches of independent wheel travel and uses 370-horsepower engine, an Allison 3500 SP transmission and a two-channel central tire-inflation system with four terrain settings. To ensure medics can reach and safely evacuate wounded Warfighters in the severe and uneven terrain where they must operate, the tactical ambulance uses the Oshkosh TAK-4® independent suspension system to achieve a 70 percent off-road profile capability.
Oshkosh continues to expand the M-ATV into a family of vehicles. This tactical ambulance variant joins another version of the M-ATV ambulance as well as the M-ATV utility variant.
To date, Oshkosh has received orders to deliver 8,079 M-ATVs for operations in Afghanistan, where those M-ATVs already fielded are providing superior off-road mobility for harsh mountainous landscapes and unimproved road networks.
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 Corp. 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, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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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 impact on revenues and margins of the planned decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, 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 expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company’s Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. 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.
