Oshkosh Defense to Display Vehicles Tailored to Needs of Canadian Forces
Oshkosh to demonstrate vehicles with proven protection and reliability at CANSEC 2012
OSHKOSH, Wis. (May 30, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will exhibit its Tactical Armoured Patrol Vehicle (TAPV), the Oshkosh HEMTT A4 vehicle, which is the base vehicle for the Company’s MSVS SMP submission, and a cargo truck from its proven Family of Medium Tactical Vehicles (FMTV) at CANSEC in Ottawa, May 30-31.
The Oshkosh TAPV was designed to provide industry-leading off-road mobility and crew protection for a variety of missions. With fully integrated life cycle sustainment provided by Oshkosh Defense and General Dynamics Land Systems-Canada, the Oshkosh TAPV solution optimizes vehicle performance and operating costs. The Oshkosh TAPV leverages the combat proven Mine-Resistant Ambush Protected All-Terrain Vehicle (M-ATV) platform and industry-leading TAK-4® independent suspension system to provide a 70 percent off-road mission profile.
The Oshkosh Defense MSVS SMP is designed around the battle-tested Oshkosh HEMTT A4, which uses a high-performance drive train and advanced suspension. The HEMTT platform has logged over 1 billion kilometres in military service globally. Tailored to the needs of Canadian Forces, the Oshkosh MSVS SMP can provide proven reliability and protection for a wide range of Canadian Army logistics operations.
“We are committed to providing innovative vehicles that enhance performance and protect Canadian Soldiers,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “Both the Oshkosh TAPV and MSVS SMP vehicles have successfully undergone extensive testing and are ready to be fielded with the Canadian Army.”
Oshkosh will also have its FMTV on display. The FMTV is a series of 17 models. Vehicles share parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency. The unarmoured FMTV is EAR rather than ITAR controlled. It is a cost-efficient logistics truck that provides the capability, versatility and mobility to move troops and supplies, recover vehicles and weapon systems, or haul equipment.
To see the vehicles on display, visit Oshkosh’s booths, #1001 in the Capital Exhibition Centre and outdoor booth #2402, in Ottawa, Canada. Oshkosh leadership will be available on-site to discuss the vehicles.
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.
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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets; the expected level and timing of the 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; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to increase prices to offset higher input costs; risks related to facilities consolidation and alignment, including costs and charges thereof and that anticipated cost savings may not be achieved; 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 Company or 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; 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 or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to actions of activist shareholders; 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.
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