DTN News: Oshkosh Corporation Awarded $1.06 Billion Order For 1,700 Additional M-ATVs

DTN News: Oshkosh Corporation Awarded $1.06 Billion Order For 1,700 Additional M-ATVs

*Source: DTN News / Oshkosh Corporation (NSI News Source Info) Oshkosh, Wis. - August 2, 2009: Oshkosh Corporation (NYSE:OSK) announced today that it has received an additional $1.06 billion delivery order from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC).

Oshkosh Defense is committed to providing the best protection and mobility to our Warfighters – in the most threatening of circumstances, through the most treacherous terrain. They deserve a vehicle that is engineered specifically for their difficult missions – to move them in and get them out as safely as possible. They deserve the Oshkosh® M-ATV. The Oshkosh M-ATV incorporates rugged, durable components and systems for maximum Warfighter mobility and survivability. Derived from the Medium Tactical Vehicle Replacement (MTVR) platform, the M-ATV incorporates TAK-4® independent suspension system with battle-tested technology. It has the wheel travel, payload capacity, side slope stability, vehicle durability, extreme mobility and necessary Warfighter protection for today’s and tomorrow's fight. In today’s most challenging battle zones, the M-ATV is the combat-tested, mobile, survivable, durable solution – to get Warfighters to the fight and back again. The only solution is the Oshkosh M-ATV.

Oshkosh Defense will deliver 1,700 additional MRAP All Terrain Vehicles (M-ATV) to the U.S. Armed Forces by February 2010. The contract also includes aftermarket parts packages to be supplied by April 2010, along with field service support. The delivery order follows an initial $1.05 billion delivery order Oshkosh Defense received for 2,244 M-ATVs on June 30. “At Oshkosh, our main focus is to ensure that M-ATVs are waiting in theater for the Warfighters when they arrive, rather than having the Warfighter wait for the vehicle,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “We are confident in our ability to ramp up production to 1,000 per month in December and this additional order will allow us to sustain that rate of production through February 2010.” Oshkosh also announced it surpassed its first delivery requirements for 45 vehicles in July, by providing 46 units. “The target was 45 but we were able to deliver an additional vehicle. It’s an absolute testament to the quality and spirit of our customer, our employees and our suppliers who have come together to combine resources and work toward achieving a common mission – to serve our troops in Afghanistan,” stated Bohn. Advance production of the M-ATV began weeks before the first delivery order was awarded. With a highly skilled workforce, decades of continuous production of tactical wheeled vehicles, robust manufacturing capabilities and available capacity, Oshkosh Defense expects to meet the government’s accelerated M-ATV delivery schedule while fully maintaining all other existing and proposed military vehicle programs. The Oshkosh® M-ATV’s superior mobility, which includes a 70 percent off-road profile capability, is achieved through the incorporation of the Oshkosh TAK-4® independent suspension system. The system has undergone more than 400,000 miles of government testing and is standard equipment on the more than 10,000 Medium Tactical Vehicle Replacements (MTVR) used by the Marines and Navy Seabees, and also on the Army’s next-generation Palletized Load System (PLS) and the Marine Corps’ Logistics Vehicle System Replacement (LVSR). Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh Armored Cab MTVRs already in theater. Visit www.oshkoshdefense.com for specific product information. 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