U.S. Army Awards Oshkosh $159.6 Million For Family Of Medium Tactical Vehicles (FMTV)

June 14, 2018 |

OSHKOSH, Wis. (June 14, 2018) – Oshkosh Defense, LLC an Oshkosh Corporation (NYSE: OSK) company, announced today that the U.S. Army Contracting Command has placed four additional orders for a total of 771 Family of Medium Tactical Vehicles (FMTV), valued at $159.6 million.

“Oshkosh is eager to continue delivering on Army and Air Force requirements for a well protected, versatile vehicle that supports a broad range of missions, both at home and abroad,” said Pat Williams, vice president and general manager of Army and Marine Corps programs at Oshkosh Defense. “With the most recent award, Oshkosh will surpass production of the 28,000th vehicle under the current A1P2 contract.”

Oshkosh Defense was first awarded the FMTV A1P2 contract in 2009. The current generation FMTV is comprised of 17 models ranging from 2.5-ton to 10-ton payloads, enabling the vehicle to perform a wide range of missions, and to support combat missions, relief efforts and logistics and supply operations. The Oshkosh FMTV seamlessly integrates technologies needed on the battlefield and in support of Homeland Security. The vehicles feature a parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency for the U.S. Army, Army Reserves, National Guard and U.S. Air Force.

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 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. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

To learn more about Oshkosh Defense, please visit us at www.oshkoshdefense.com.

About Oshkosh Corporation

Founded in 1917, Oshkosh Corporation is more than 100 years strong and continues to make a difference in people’s lives. Oshkosh brings together a unique set of integrated capabilities and diverse end markets that, when combined with the Company’s MOVE strategy and positive long-term outlook, illustrate why Oshkosh is a different integrated global industrial. The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.

®, 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.

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