DLA Recognizes Oshkosh Defense for Cost-Savings Achievements
Oshkosh Defense honored with DLA Land and Maritime Material Cost Reduction Partner Award
OSHKOSH, Wis. (June 28, 2012) — The Defense Logistics Agency (DLA) Land and Maritime has recognized Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), with the Material Cost Reduction Award for the company’s commitment to reducing costs and supporting Warfighters. Oshkosh received the award at the NDIA Supply Chains Conference & Exhibition Featuring DLA Land and Maritime this month in Columbus, Ohio.
DLA is responsible for providing the U.S. Army, Navy, Air Force, Marine Corps, other federal agencies, and combined and allied forces with the full spectrum of logistics, acquisition and technical services. Among large businesses, Oshkosh Defense has provided the highest gross savings for DLA Land and Maritime for the first two quarters of fiscal year 2012. In that time, Oshkosh has delivered nearly $13 million in cost reductions.
“Oshkosh has a long-held commitment to lean strategies that have allowed us to provide convenient and cost-effective parts to DLA Land and Maritime,” said Jeff Koga, associate vice president of Integrated Product Support for Oshkosh Defense. “We deliver the parts that the U.S. Armed Forces need, when they require them and at affordable rates by continuously collaborating with DLA and methodically reducing costs while improving quality. Our Strategic Supplier Alliance with the agency allows us to further improve our support.”
Strategic Supplier Alliance agreements are developed between the DLA and key vendors to provide mutually advantageous pricing, reduced customer wait time, more accurate forecasting and decreased administrative costs. Oshkosh also uses advanced demand planning to support the DLA with quick contract pricing and parts delivery, while Oshkosh’s global support centers and mobile service capabilities allow the company to position materials closer to the customer, improving military readiness and reducing customer wait time and costs.
Oshkosh’s Integrated Product Support solutions cover the complete spectrum of vehicle life-cycle support, including training services, instruction manuals, maintenance and repairs, parts supply and fleet restoration services. Oshkosh Field Service Representatives (FSR) travel globally to ensure vehicles and personnel are at peak operational readiness. The company’s robust operator and maintenance training services provide systems-level expertise on the platforms and technologies they support, and Oshkosh’s parts-supply network is available 24/7 to provide instant access to spare and repair parts for all vehicle makes and models.
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. 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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