(NSI News Source Info) OSHKOSH, Wis. - October 21, 2009: Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced October 19, that the first Logistics Vehicle System Replacement (LVSR) has been deployed with the U.S. Marine Corps in Afghanistan, with two additional vehicles set to be delivered later in October. All three vehicles being delivered are cargo variants. Oshkosh is also sending two Field Service Representatives (FSR) to Afghanistan this month to provide support services for LVSR users. 
The pace of today’s battle demands sophisticated logistics support. Supplies need to move through the roughest, most unforgiving terrain and the highly mobile, extremely capable LVSR is just the vehicle to do it. This heavy-payload vehicle offers one of the world’s most technologically advanced logistics platforms. The LVSR redefines performance and is available in three variants: cargo, wrecker and fifth wheel.
*Improved survivability - factory-installed armor is integrated into the vehicle’s design.
*Improved mobility – TAK-4® independent suspension system enhances off-road capabilities.
*In-cab vehicle diagnostics – effortless monitoring of engine, transmission, brakes and other critical components with Command ZoneTM.
*Increased performance – an advanced-design 600 hp engine allows for speeds up to 65 mph.
*Simplified maintenance – offers a single-source lubrication system.
The LVSR was built to answer the call on the most challenging military missions. It loads flat racks, ISO containers, bridges and boats, as well as fuel containers, and even loads and unloads flat racks from trailers towed by the LVSR. *
The heavy-payload LVSR, which arrived in Afghanistan in September, is a next-generation replacement for the LVS and features survivability, mobility and performance improvements. The vehicle uses the industry-leading Oshkosh® TAK-4® independent suspension system and mechanical rear-steer technology to provide superior mobility on demanding off-road terrain and unimproved roads. The LVSR also features factory-installed armor as part of its crew cab and is designed to accept an add-on armor kit for increased protection.
“The fielding of this vehicle in Afghanistan is a significant milestone for both the U.S. Marine Corps and Oshkosh Defense,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “The LVSR expands on the capabilities of the LVS, which has been an integral part of the Marine Corps fleet for nearly 25 years, to negotiate and overcome the most challenging environments, including those found in Afghanistan.”
The LVSR features an on-road payload capacity of 22.5 tons and an off-road payload capacity of 16.5 tons. The LVSR uses a single-source lubrication system for simplified maintenance and has a 600-horsepower C15 engine. The vehicle also uses Oshkosh’s Command Zone embedded diagnostics to monitor major vehicle systems, including the engine, transmission and brakes. Vehicle service and support is streamlined by the parts and maintenance commonality the LVSR shares with more than 10,000 fielded Oshkosh Medium Tactical Vehicle Replacements (MTVR).
Oshkosh won the competitively bid indefinite delivery/indefinite quantity contract for the LVSR in June 2006. The contract has a value of $740.2 million based on a production quantity of 1,592 vehicles.
Oshkosh’s fully trained FSRs go where the military goes and provide a full range of in-field support services, including training, maintenance support, and repair and supply services. They are stationed around the world, including in Iraq, Kuwait and Afghanistan, and also provide a direct link to Oshkosh and its parts network.
Oshkosh Defense is a leading manufacturer of both medium and heavy tactical wheeled vehicles in the U.S. defense industry. More than 67,000 military-class vehicles have been produced in the company’s manufacturing facilities.
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®, 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.
Source: Oshkosh Corporation
Oshkosh Corporation
The pace of today’s battle demands sophisticated logistics support. Supplies need to move through the roughest, most unforgiving terrain and the highly mobile, extremely capable LVSR is just the vehicle to do it. This heavy-payload vehicle offers one of the world’s most technologically advanced logistics platforms. The LVSR redefines performance and is available in three variants: cargo, wrecker and fifth wheel.
*Improved survivability - factory-installed armor is integrated into the vehicle’s design.
*Improved mobility – TAK-4® independent suspension system enhances off-road capabilities.
*In-cab vehicle diagnostics – effortless monitoring of engine, transmission, brakes and other critical components with Command ZoneTM.
*Increased performance – an advanced-design 600 hp engine allows for speeds up to 65 mph.
*Simplified maintenance – offers a single-source lubrication system.
The LVSR was built to answer the call on the most challenging military missions. It loads flat racks, ISO containers, bridges and boats, as well as fuel containers, and even loads and unloads flat racks from trailers towed by the LVSR. *
The heavy-payload LVSR, which arrived in Afghanistan in September, is a next-generation replacement for the LVS and features survivability, mobility and performance improvements. The vehicle uses the industry-leading Oshkosh® TAK-4® independent suspension system and mechanical rear-steer technology to provide superior mobility on demanding off-road terrain and unimproved roads. The LVSR also features factory-installed armor as part of its crew cab and is designed to accept an add-on armor kit for increased protection.
“The fielding of this vehicle in Afghanistan is a significant milestone for both the U.S. Marine Corps and Oshkosh Defense,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “The LVSR expands on the capabilities of the LVS, which has been an integral part of the Marine Corps fleet for nearly 25 years, to negotiate and overcome the most challenging environments, including those found in Afghanistan.”
The LVSR features an on-road payload capacity of 22.5 tons and an off-road payload capacity of 16.5 tons. The LVSR uses a single-source lubrication system for simplified maintenance and has a 600-horsepower C15 engine. The vehicle also uses Oshkosh’s Command Zone embedded diagnostics to monitor major vehicle systems, including the engine, transmission and brakes. Vehicle service and support is streamlined by the parts and maintenance commonality the LVSR shares with more than 10,000 fielded Oshkosh Medium Tactical Vehicle Replacements (MTVR).
Oshkosh won the competitively bid indefinite delivery/indefinite quantity contract for the LVSR in June 2006. The contract has a value of $740.2 million based on a production quantity of 1,592 vehicles.
Oshkosh’s fully trained FSRs go where the military goes and provide a full range of in-field support services, including training, maintenance support, and repair and supply services. They are stationed around the world, including in Iraq, Kuwait and Afghanistan, and also provide a direct link to Oshkosh and its parts network.
Oshkosh Defense is a leading manufacturer of both medium and heavy tactical wheeled vehicles in the U.S. defense industry. More than 67,000 military-class vehicles have been produced in the company’s manufacturing facilities.
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®, 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.
Source: Oshkosh Corporation
Oshkosh CorporationFinancial:
Patrick Davidson, 920-966-5939
Vice President, Investor Relations
Media:
Ann Stawski, 920-966-5959
Vice President, Marketing Communications
Oshkosh Corporation Related News....for full stories click on the links below
~ Oct.16.09 Oshkosh Corporation to Announce Fourth Quarter Earnings November 3, 2009
~ Oct.12.09 Oshkosh Defense Submits Vehicles for Australian Land 121 Phase 4
~ Oct.12.09 Oshkosh Defense Awarded Additional 923 M-ATVs Valued at $408.5 Million
~ Oct.07.09 AUSA Honors Oshkosh Corporation CEO With Prestigious John W. Dixon Award
~ Oct.05.09 Oshkosh Defense Exhibits Latest Vehicles, Technologies and Donation Effort at AUSA
~ Oct.05.09 First Oshkosh M-ATVs on the Ground in Afghanistan Protecting Warfighters
~ Oct.02.09 Oshkosh Defense Receives Award to Integrate Camera Systems on M-ATVs
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