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Oshkosh honored in annual list for recruiting, supporting employees with military experience

OSHKOSH, Wis. (Jan. 19, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been recognized for the second consecutive year as being one of G.I. Jobs’... More »

Oshkosh honored in annual list for recruiting, supporting employees with military experience

OSHKOSH, Wis. (Jan. 19, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been recognized for the second consecutive year as being one of G.I. Jobs’ 2012 Top 100 Military-Friendly Employers. The annual list is compiled based on a company’s dedication of recruiting military employees and recent veterans. Oshkosh currently employs more than 300 active-duty National Guard and Reserve military members, as well as many veterans.

“We are very appreciative of our Armed Forces and are focused on serving them every day with our vehicles,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “As a veteran, I believe our military support has strengthened our company as a whole. We take pride in military experience and understand its value.”

G.I. Jobs ranks the top employers based on the commitment and percentage of new hires with prior military experience, and the companies’ efforts to maintain policies for Reserve and National Guard service. Oshkosh was included in the top 2 percent of companies that made the list, out of 5,000 candidates.

For more than 90 years, Oshkosh has been supporting the U.S. military with vehicles and technologies to help accomplish their missions. In addition to actively recruiting those who have served in the military for employment opportunities, Oshkosh’s military-leave program is focused on helping employees and their families stay in touch with deployed loved ones. Employees receive a paid differential when called for active military duty or when time off is needed for Reservists’ yearly training.

In 2008, Oshkosh was awarded the Freedom Award from the U.S. Department of Defense, the highest recognition given by the government to employers for support of employees who serve in the National Guard and the Reserve. That same year, Oshkosh also received two awards at the state level from the Wisconsin Employer Support of the Guard and Reserve (ESGR), the Above and Beyond Award and the Pro Patria Award, which is the highest honor given at the state level for companies that adopt policies that make it easier for employees to participate in the National Guard and Reserve.

About Oshkosh Defense

Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit www.oshkoshdefense.com.

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh^®, JLG^®, Pierce^®, McNeilus^®, Medtec^®, Jerr-Dan^®, Oshkosh Specialty Vehicles, Frontline^™, SMIT^™, CON-E-CO^®, London^® and IMT^®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, 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. These factors include the expected level and timing of DoD’s procurement of products and services and funding thereof, including the impact of the DoD’s allocation of certain tires which will restrict and delay certain FHTV sales; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic uncertainty, lower municipal spending and tight credit markets; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.