Oshkosh Defense Sponsors Service Members of the Year Awards

OSHKOSH, Wis. (July 21, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is supporting the 2011 Military Times Service Members of the Year Awards Ceremony as a gold sponsor. The awards program, held today at the Capitol Hill Cannon House Office Building in Washington, D.C, honors service members who demonstrate exemplary pride, dedication and courage.

“These award recipients are selfless and inspiring leaders in service to our country, and we are proud to help recognize them,” said Mike Ivy, vice president and general manager of Army Programs for Oshkosh Defense. “While I’m sure these service members have enjoyed some level of recognition, this awards program provides an opportunity to shine a light on these humble and dedicated people and their accomplishments. We are honored to participate in even a small way.”

The Service Members of the Year Awards was established in 2001 to highlight exemplary achievement by a service member beyond the call of duty. Today, the criteria have expanded to include a high level of professionalism, concern for fellow service members and commitment to community service.

This year’s winners include Soldier of the Year 1st Sgt. Monekia Y. Denkins, Marine of the Year Capt. David J. Coté, Sailor of the Year Lt. Cmdr. Michael D. Files, Airman of the Year Staff Sgt. Lindsay W. Bell and Coast Guardsman of the Year Marine Science Technician 2nd Class Nicole C. Emmons. The winners will be honored at the ceremony in the presence of officials from their commands, members of Congress and senior Pentagon officials.

Oshkosh Defense has a long-standing history of supporting military members, both in the field and when they return, and their families through charitable giving and program support. The company has partnered with organizations such as Fisher House Foundation, USO, Tragedy Assistance Program for Survivors (TAPS), Wounded Warrior Project, Our Military Kids and others. Oshkosh also currently employs more than 300 guard, reserve and retired military members.

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.

®, ™ 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 impact on revenues and margins of the decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins and at required volumes to receive and sustain performance-based payments; 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 expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; 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, especially in light of the significant recent earthquake and subsequent tsunami in Japan; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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.