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Oshkosh Truck Honored In Acquisition Excellence By U.S. Department Of Defense

OSHKOSH, WIS. (May 22, 2000) — Oshkosh Truck Corporation [NASDAQ: OTRKB] received the Department of Defense’s David Packard Acquisition Excellence Award today at a ceremony held at the Pentagon. Rudy de Leon, Deputy Secretary of Defense, and General Henry H. Shelton, Chairman of the Joint Chiefs of Staff, both presented remarks during the award ceremony. The award was presented to the U.S. Army, the U.S. Marine Corps, and Oshkosh Truck Corporation by Jacques Gansler, Under Secretary of Defense for Acquisition, Technology, and Logistics.

Oshkosh Truck is the first and only truck manufacturer to be honored with a Packard Award. The recognition was awarded for Oshkosh’s work, as a part of a team effort with the U.S. Army Tank Automotive and Armament Command and the U.S. Marine Corps, on the Marine Corps’ Medium Tactical Vehicle Replacement (MTVR) program. This program was one of just three recognized in 2000.

The Packard Award recognizes organizations, teams and individuals for significant contributions through exemplary innovation and best acquisition practices. The award is named for the late David Packard, founder and chairman of Hewlett-Packard and a former deputy secretary of defense. Packard is recognized as a leader in business practice development. He advocated innovative techniques for improving the Department of Defense (DoD) acquisition system.

“Here at Oshkosh, we take pride in being a premier supplier of medium and heavy trucks for the Department of Defense. We work hard every day to provide the best equipment, best performance and best value to our country’s military so they can carry out their mission,” said Robert G. Bohn, chairman, president and chief executive officer of Oshkosh Truck.

“So, to participate in the Packard Award is indeed an honor — to know we are among the best of the best that serve the people who serve us all. Oshkosh will wear this award as a badge of honor.”

Oshkosh earned the Department of Defense’s highest award for acquisition excellence by demonstrating how the company:

— Developed the MTVR to have at least a 22-year life

— Reduced vehicle life cycle costs for the U.S. Marines by an estimated eight percent

— Provides efficiency, responsiveness and timeliness in acquisition, including meeting mission needs faster, better and more cost effectively

— Integrates commercial best practices with defense products, including integration of commercial technology into military products

— Provides continuous improvement of the DoD’s acquisition and contracting process.

Oshkosh Truck Corporation [NASDAQ: OTRKB] is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh, Pierce and McNeilus brand names. The company is headquartered in Oshkosh, Wis., and has annual sales of $1.165 billion.

For financial information, contact, Charles L. Szews, Executive Vice President and Chief Financial Officer at (920) 235-9151, Ext. 2332. For media queries, contact Kirsten Skyba, Vice President, Communications at (920) 233-9621.