Friday, April 23, 2010

New Oshkosh Striker Aircraft Rescue and Fire Fighting Vehicle Unveiled


Defense News:
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK - News) announced today that its Airport Products division has introduced a new Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicle. The vehicle was unveiled at the Fire Department Instructors Conference (FDIC) in Indianapolis. The new Striker features a variety of design enhancements to make it one of the most innovative ARFF vehicles in the world, and enable airport firefighters to do their job more efficiently and safely.

“The new Oshkosh Striker was designed and built to meet the most demanding fire rescue environments faced by our airport customers,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “The final design of this vehicle is a testament to the input from airport fire chiefs and firefighters around the globe. We integrated their ideas and needs with our technical, engineering and manufacturing expertise to create a truly remarkable ARFF vehicle that will protect firefighters and help save lives in airport emergencies.”

Researched and developed for more than three years, the new Striker offers industry leading fire suppression technology, advanced safety features, unrivaled chassis performance, and the reliability and durability that are hallmarks of Oshkosh products around the world. Every component of the new Striker has been designed, engineered, and built to respond to airport emergencies.

The new Striker is built and designed to increase efficiency and safety, while maintaining the same Oshkosh quality, reliability and durability. Advanced safety systems have been built into all aspects of the vehicle’s design. The new Striker is designed to exceed NFPA requirements for static side slope stability and the cab is built to meet Europe’s stringent ECE 29 Certification for structural integrity.

The new Striker’s fire suppression technology comes available with Pulse Delivery that enables firefighters to deliver dry chemical powder in a truly “dry” form over 90 feet (27 m) which is more than three times the ability of other dry chemical systems. The new Striker offers electronic foam proportioning, a wide selection of bumper turrets and a high reach extendable turret. In addition, the new Striker is engineered to accommodate Ultra High Pressure (UHP) technology, a high-pressure water system and a Compressed Air Foam (CAF) system.

The new Striker is also 2,000 pounds lighter than its predecessor, which allows for faster acceleration and increased fuel efficiency. These groundbreaking innovations will enable emergency responders to reach those in need more quickly. Equipped with Oshkosh’s patented TAK-4® all-wheel independent suspension with dual control arms and 16 inches (40.6 cm) of wheel travel, the new Striker also features improved off-road mobility.

The vehicle’s smart design features include a Mission Control Console driver environment with function specific, purpose driven controls and color-coded switches and groupings to support trained response actions by firefighters.

About Oshkosh Airport Products

The Oshkosh Airport Group, a division of Oshkosh Corporation, is a designer and builder of industry-leading airport fire fighting and snow removal vehicles. Its flagship Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicle, Stinger Q4 Rapid Intervention Vehicle (RIV) and Oshkosh® H-Series™ snow removal chassis are known for their durability and superior performance and sold throughout the world. For more information, visitwww.oshkoshairport.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®, 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 risks related to sustaining the required rate of production for the M-ATV contract and the amount, if any, of additional orders for M-ATVs that the Company may receive; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; 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, the potential for the government to competitively bid the Company’s Army and Marine contracts and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; 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 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.

Contact:

Oshkosh Corporation
Financial:
Patrick Davidson
Vice President, Investor Relations
920.966.5939
or
Media:
John Daggett
Director of Communications
920.233.9247

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