DTN News: Oshkosh Defense Awarded $24 Million For M-ATV Upgrade Kits

DTN News: Oshkosh Defense Awarded $24 Million For M-ATV Upgrade Kits *Source: DTN News / Oshkosh Corporation (NSI News Source Info) OSHKOSH, Wis. - February 19, 2010: Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today it has received two awards valued at more than $24 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) for MRAP All-Terrain Vehicle (M-ATV) kits for the support of communication equipment and electrical system upgrades. The combined undefinitized orders consist of more than 2,090 upgrade kits for the vehicles. The kits will support the installation of Command, Control, Communication, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) suites composed of electronic equipment such as communications hardware, jammer systems, tracking technology and driver vision enhancement. The kits also will support the addition of “silent watch” capability, which allows the M-ATV to operate C4ISR equipment for extended periods of time with reduced noise and heat signatures from the vehicle. “The C4ISR technology and silent watch capability that these kits support will further enhance the M-ATV’s effectiveness in combat operations in Afghanistan,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “Our advanced manufacturing capabilities, highly skilled workforce and available capacity ensure these upgrades can be completed without impacting our continued rapid delivery of any of our military vehicles under contract.” Since January 2010, Oshkosh has been incorporating the M-ATV upgrades into the production process at both its M-ATV production facilities, Oshkosh and the Space and Naval Warfare Systems Command will install the upgrade kits on vehicles already built. Oshkosh has exceeded the accelerated M-ATV delivery schedule for seven consecutive months. To date, the aggregate amount of awards Oshkosh has received for 6,619 M-ATVs, upgrade kits, spare parts kits and aftermarket support is valued at more than $4 billion. Existing Oshkosh manufacturing facilities have available production capacity for these M-ATV orders and all other Defense programs, including the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production. The Oshkosh® M-ATV uses the Oshkosh-patented TAK-4® independent suspension system for superior mobility in harsh environments, including 16 inches of independent wheel travel and a 70 percent off-road profile capability. The TAK-4 system has undergone more than 500,000 miles of government testing and is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan. The TAK-4 system is featured on more than 10,000 Medium Tactical Vehicle Replacements (MTVR), used by the U.S. Marine Corps and Navy Seabees, as well as on the Army’s next-generation Palletized Load System (PLS) and the Marine Corps’ Logistics Vehicle System Replacement (LVSR). 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.