Oshkosh Corporation ~ October 5, 2009,OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK - News), is displaying the latest in tactical wheeled vehicles and technologies in Washington D.C. today through Wednesday at the annual Association of United States Army (AUSA) meeting and exposition, including the new MRAP All-Terrain Vehicle (M-ATV), the Oshkosh HEMTTA3, Pro-Pulse™ and TAK-4® independent suspension .
Oshkosh is also a supporter of the Armed Forces Foundation sweepstakes, “Rumble With a Cause”. Attendees at the show will be automatically entered in the sweepstakes when making a $10 donation to AFF through the sweepstakes website. Up to twenty entries per person are permitted. Entrants are asked to select entry into either the sweepstakes for the Marine Corps-themed “Semper Fidelis Salute” or the sweepstakes for the Army-themed “American Soldier Salute” motorcycle. No donation is necessary to enter the sweepstakes and winners must meet eligibility requirements. Proceeds will support the Armed Forces Foundation’s mission of supporting active and retired members of the U.S. military and their families.
“Oshkosh Corporation is proud to be at AUSA and show our support and commitment to the Army,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “We’ve built our reputation on being able to serve the Army’s needs with our vehicles and technologies, and AUSA is a perfect venue to demonstrate once again our commitment to protecting and supporting our men and women in uniform.”
On Wednesday of the three-day expo, AUSA will present the prestigious John W. Dixon award to Oshkosh Corporation Chairman and CEO Robert G. Bohn, for his contributions to national defense and his support of the U.S. Army.
Among the vehicles being displayed, the M-ATV offers durable, best-in-class mobility and superior crew protection for operations on the harsh mountainous terrain and unimproved road networks found in Afghanistan. To date, Oshkosh has received four awards valued at $2.3 billion for 4,296 M-ATVs. Oshkosh will utilize its available capacity and robust manufacturing capabilities to ramp up M-ATV production to 1,000 vehicles per month by December and continue at that rate as needed to meet the U.S. Armed Forces’ urgent need for the vehicle.
In addition to the M-ATV, the company is featuring the following vehicles and technologies at AUSA:
The Heavy Expanded Mobility Tactical Truck (HEMTT) A3, a hybrid diesel-electric drive vehicle designed to help transform the Army’s tactical wheeled vehicle fleet and support modularization. It is equipped with the Oshkosh proprietary ProPulse® technology, which allows this HEMTT to export 100kW of military-grade A/C power and improves the vehicle’s fuel efficiency by at least 20 percent compared to other HEMTT models. It will be displayed along with a Load Handling System (LHS) Mobile-Folding Blade Turbine System (M-FBTS) and solar panel mission module concept that produces energy from natural resources to further reduce liquid fuel consumption.
A demonstration vehicle equipped with multiple advanced Oshkosh technologies, including a ProPulse™ hybrid-electric drivetrain, Command Zone™ computer diagnostics system and a sensor suite from the TerraMax™ autonomous vehicle system.
An Oshkosh TAK-4® independent suspension system, which is used on all three display vehicles. The TAK-4 system, which Oshkosh is retrofitting on more than 2,400 legacy MRAPs for operations in Afghanistan, has undergone more than 400,000 miles of government testing and results in vehicle off-road mission profile capabilities of 70 percent and higher.
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 Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI™, 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, log on to 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 consequences of financial leverage associated with the JLG acquisition, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures and the uncertainty of government contracts; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; risks related to the collectibility of receivables during a recession, particularly for those businesses with exposure to construction markets; and the potential for increased costs relating to compliance with changes in laws and regulations. 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 duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Oshkosh Corporation
Oshkosh is also a supporter of the Armed Forces Foundation sweepstakes, “Rumble With a Cause”. Attendees at the show will be automatically entered in the sweepstakes when making a $10 donation to AFF through the sweepstakes website. Up to twenty entries per person are permitted. Entrants are asked to select entry into either the sweepstakes for the Marine Corps-themed “Semper Fidelis Salute” or the sweepstakes for the Army-themed “American Soldier Salute” motorcycle. No donation is necessary to enter the sweepstakes and winners must meet eligibility requirements. Proceeds will support the Armed Forces Foundation’s mission of supporting active and retired members of the U.S. military and their families.
“Oshkosh Corporation is proud to be at AUSA and show our support and commitment to the Army,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “We’ve built our reputation on being able to serve the Army’s needs with our vehicles and technologies, and AUSA is a perfect venue to demonstrate once again our commitment to protecting and supporting our men and women in uniform.”
On Wednesday of the three-day expo, AUSA will present the prestigious John W. Dixon award to Oshkosh Corporation Chairman and CEO Robert G. Bohn, for his contributions to national defense and his support of the U.S. Army.
Among the vehicles being displayed, the M-ATV offers durable, best-in-class mobility and superior crew protection for operations on the harsh mountainous terrain and unimproved road networks found in Afghanistan. To date, Oshkosh has received four awards valued at $2.3 billion for 4,296 M-ATVs. Oshkosh will utilize its available capacity and robust manufacturing capabilities to ramp up M-ATV production to 1,000 vehicles per month by December and continue at that rate as needed to meet the U.S. Armed Forces’ urgent need for the vehicle.
In addition to the M-ATV, the company is featuring the following vehicles and technologies at AUSA:
The Heavy Expanded Mobility Tactical Truck (HEMTT) A3, a hybrid diesel-electric drive vehicle designed to help transform the Army’s tactical wheeled vehicle fleet and support modularization. It is equipped with the Oshkosh proprietary ProPulse® technology, which allows this HEMTT to export 100kW of military-grade A/C power and improves the vehicle’s fuel efficiency by at least 20 percent compared to other HEMTT models. It will be displayed along with a Load Handling System (LHS) Mobile-Folding Blade Turbine System (M-FBTS) and solar panel mission module concept that produces energy from natural resources to further reduce liquid fuel consumption.
A demonstration vehicle equipped with multiple advanced Oshkosh technologies, including a ProPulse™ hybrid-electric drivetrain, Command Zone™ computer diagnostics system and a sensor suite from the TerraMax™ autonomous vehicle system.
An Oshkosh TAK-4® independent suspension system, which is used on all three display vehicles. The TAK-4 system, which Oshkosh is retrofitting on more than 2,400 legacy MRAPs for operations in Afghanistan, has undergone more than 400,000 miles of government testing and results in vehicle off-road mission profile capabilities of 70 percent and higher.
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 Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI™, 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, log on to 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 consequences of financial leverage associated with the JLG acquisition, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures and the uncertainty of government contracts; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; risks related to the collectibility of receivables during a recession, particularly for those businesses with exposure to construction markets; and the potential for increased costs relating to compliance with changes in laws and regulations. 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 duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Oshkosh Corporation
Financial:
Patrick Davidson
Vice President, Investor Relations
920.966.5939or
Media:
Ann Stawski
Vice President, Marketing Communications
920.966.5959
Posts
No comments:
Post a Comment