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Secretary of the Navy Thanks Oshkosh Defense for Work on JLTV Program

OSHKOSH, Wis. (October 10, 2019) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the company received a visit from Secretary of the Navy, Honorable Richard V. Spencer. The Secretary addressed team members at the facility and awarded Oshkosh Defense with a Bravo Zulu Award for delivering JLTVs to the Navy and Marine Corps ahead of schedule and below budget. The Bravo Zulu Award signifies a “job well done.”

“I recently had the pleasure of meeting the General responsible for fielding JLTVs to II MEF at Camp LeJeune,” said Secretary Spencer. “He went on to tell me that the teamwork between Oshkosh and the Marines was so cohesive that the only way someone could tell the difference between the two was by the color of their shirt. For that, I thank you all. And please know that the sweat and time put into each vehicle is just the beginning of its life. That vehicle will go on to play a critical role in the Navy’s success for decades to come.”

“It is a true honor to host Secretary Spencer and introduce him to the men and women who come to work each day focused on delivering the products that allow our Warfighters to complete their missions and return home safely,” said John Bryant, executive vice president, Oshkosh Corporation and president, Oshkosh Defense. “That is our mission, day in and day out, and we take that very personally. You’ll see that on the face of every team member in our organization.”

The JLTV program is currently in Full Rate Production (FRP) and has completed all reliability qualification and performance testing as well as logistics supportability evaluations around the country. In August 2019, the United States Marine Corps reached Initial Operating Capability (IOC), almost a full year ahead of schedule.

Secretary Spencer was sworn in as the 76th Secretary of the Navy in August 2017. Prior to his nomination, the Secretary served on the Defense Business Board and the Chief of Naval Operations Executive Panel. Secretary Spencer graduated from Rollins College in 1976 with a Bachelor of Arts in Economics. Upon graduating, he joined the United States Marine Corps where he served as an H-46 pilot until 1981 before departing active duty to enter the private finance sector. Secretary Spencer holds an impressive record during his time on Wall Street where his responsibilities centered on investment banking, strategic advisory services, and capital market underwriting.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades 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 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. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

To learn more about Oshkosh Defense, please visit oshkoshdefense.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 more than 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®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline™, Jerr-Dan®, Oshkosh® Airport Products, CON-E-CO® and London™. For more information, visit oshkoshcorp.com.

®, ™ 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 guaranteeing 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.