U.S. ARMY AWARDS OSHKOSH DEFENSE CONTRACT EXTENSION TO CONTINUE PRODUCING AND MODERNIZING FHTV FLEET

May 3, 2021 |

OSHKOSH, Wis. (May 3, 2021) — The U.S. Army Contracting Command announced that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK), a three-year extension to the FHTV IV contract and initial delivery orders valued at $146.8 Million.

Under the extension, Oshkosh will provide new and recapitalized Heavy Expanded Mobility Tactical Trucks (HEMTT), Palletized Load System (PLS) trucks and trailers, and Heavy Equipment Transporters (HET). The initial delivery orders call for a total of 353 new and recapitalized vehicles.

“For decades we’ve worked closely with the U.S. Army to modernize the FHTV fleet, and we are honored that they’ve called on us to continue to provide our Soldiers with these mission critical vehicles,” said Pat Williams, Vice President and General Manager of U.S. Army and Marine Corps Programs for Oshkosh Defense. “We look forward to working with the U.S. Army to further modernize the FHTV fleet in support of current and future missions.”

A key aspect of the FHTV’s design is its capacity to support a multitude of roles. The FHTV’s flexible architecture also accommodates additional capabilities such as Condition Based Maintenance (CBM), Advanced Driver Assistance Systems (ADAS), autonomy, on-board power, and other proven technologies.

Oshkosh Defense was initially awarded the FHTV IV contract in 2015. Since the start of FHTV production, the company has produced over 35,800 HEMTTs, 8,500 PLS vehicles, and 4,600 HETs while also recapitalizing over 14,000 HEMTTs, 3,500 PLS vehicles, and 1,000 HETs.

About Oshkosh Defense

Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles and mobility systems. As a pioneer of combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that advance troop safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.

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

Learn more about Oshkosh Defense at www.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 nearly 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®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, London™ and Pratt Miller. 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 news 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 news 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 overall impact of the COVID-19 pandemic on the Company’s business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company’s customers, suppliers and employees; and the cyclical nature of the Company’s Access Equipment, Commercial and Fire & Emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons.

News Contact

For further information reach out to:
Alexandra Hittle, Director, Global Marketing and Communications
920.410.1929 or Email Alexandra Hittle
Oshkosh Defense