U.S. ARMY AWARDS OSHKOSH $75 MILLION FOR FAMILY OF MEDIUM TACTICAL VEHICLES (FMTV)

February 27, 2019 |

OSHKOSH, Wis. (February 27, 2019) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE:OSK) company, announced today that the U.S. Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC) has placed orders for 354 Family of Medium Tactical Vehicles (FMTV) A1P2 trucks and trailers at a value of $75 million.

“Whether it’s moving troops and supplies, recovering vehicles and weapon systems, or hauling equipment, the highly capable FMTV has proven itself time and time again to be a reliable asset for the U.S. Army,” said Pat Williams, Vice President and General Manager of U.S. Army and U.S. Marine Corps Programs for Oshkosh Defense. “Together with the U.S. Army, we have established a robust FMTV program. We look forward to successfully completing the remaining FMTV A1P2 deliveries and seamlessly transitioning to FMTV A2 production without interruption.”

Oshkosh Defense was first awarded the FMTV A1P2 contract in 2009 and to date, has delivered more than 38,100 trucks and trailers.

In February 2018, Oshkosh Defense was awarded a production contract for the next generation FMTV, the FMTV A2.  Since receiving the award, Oshkosh has started building vehicles in support of Production Verification Testing (PVT), Live Fire Testing (LFT) and logistics development.  Oshkosh expects the FMTV A2 program to transition to low rate production in FY21.

 

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®.

Today, Oshkosh Corporation is a Fortune 500 Company with manufacturing operations on four continents. Its products are recognized around the world for quality, durability and innovation and can be found in more than 150 countries.  As a different integrated global industrial, Oshkosh is committed to making a difference for team members, customers, shareholders, communities and the environment. For more information, please visit www.oshkoshcorporation.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.

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Whether it’s moving troops and supplies, recovering vehicles and weapon systems, or hauling equipment, the highly capable FMTV has proven itself time and time again to be a reliable asset for the U.S. Army

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