OSHKOSH, Wis. (September 1, 2017) — Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the U.S. Army has placed another order for the Joint Light Tactical Vehicle (JLTV) program, including 611 vehicles and 1,789 installed and packaged kits. The order, valued at more than $177 million, is the sixth order for JLTVs since the contract was awarded in August 2015.
“The Oshkosh® JLTV provides new levels of protected mobility, off-road capability, and transportability that is simply unseen on today’s modern battlefield,” said Dave Diersen, Vice President and General Manager of Joint Programs at Oshkosh Defense.
“Today, combat operations around the globe require the force to be mobile, fast, hard-hitting and well-protected. The JLTV answers that call on every level.”
The Oshkosh JLTV is intended to replace the U.S. Army and Marine Corps aging up-armored HMMWV fleet. Designed more than 35 years ago to transport troops and equipment in non-combat environments, the HMMWV failed to evolve to meet new threats and changing tactics, leaving Warfighters vulnerable to attack. As the battlefield threats change, so should the fleet to support new missions.
“Our goal was to give the armed forces greater flexibility to ensure the JLTV is effective not only today but also for decades to come,” Diersen continued. “As battlefields shift and the challenges facing land forces change, our JLTV solution will adapt. That includes protecting our troops from different threats and also getting them to where they need to be, and back home safely.”
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 oshkoshdefense.com.
About Oshkosh Corporation
Founded in 1917, Oshkosh Corporation is celebrating 100 years of business and making a difference in people’s lives in 2017. Oshkosh is a global leader in designing and manufacturing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Since the Company’s humble beginnings, Oshkosh has grown in size and global footprint. Today, Oshkosh products can be found in more than 150 countries and are recognized around the world for quality, durability and innovation. Oshkosh Corporation is a different integrated global industrial committed to making a difference for customers, shareholders, our communities and the environment. For more information, please visit www.oshkoshcorporation.com.
®, 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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