Wednesday, September 14, 2011

DTN News - DSEi NEWS: Oshkosh Defense Spotlights New Vehicles At DSEi

DTN News - DSEi NEWS: Oshkosh Defense Spotlights New Vehicles At DSEi
*M-ATV tactical ambulance and FMTV 4x4 on display in London
(NSI News Source Info) TORONTO, Canada - September 14, 2011: The M-ATV tactical ambulance and FMTV 4x4 are on display for the first time in Europe at the Oshkosh Defense booth at Defence and Security Equipment International (DSEi) Sept. 13-16 in London. Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), designed the ambulance variant within the MRAP All-Terrain Vehicle (M-ATV) family to meet an international need for a more protected battlefield ambulance with advanced off-road capability.
The Oshkosh Defense® M-ATV tactical ambulance is designed to help military medics reach and treat casualties in hostile environments across rugged terrain. Quick and easy stretcher loading enables prompt extraction of patients, and the best-in-class Oshkosh TAK-4® independent suspension can cover tougher terrain at higher speeds than current fleets.
“The modular design of the M-ATV family of vehicles makes it an ideal platform for armed forces looking to increase off-road mobility and protection for their troops across a variety of missions,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “We look forward to introducing the tactical ambulance to members of international armed forces at DSEi this week.”
Oshkosh started high-rate deliveries of the M-ATV only months after contract award in response to an urgent need from the U.S. military. More than 8,100 of these life-saving vehicles are currently fielded in Afghanistan. In addition to the M-ATV base vehicle, Oshkosh engineers leveraged this proven platform to deliver a Special Forces Vehicle (SFV) variant for the U.S. Special Forces. Oshkosh supports these vehicles by providing dedicated training, logistics, technical and engineering support to the U.S. military.
The M-ATV tactical ambulance is the newest configuration in the M-ATV family of vehicles, which is designed to maximize parts commonality and simplify maintenance and support. A fully functional ambulance, the M-ATV tactical ambulance has mounting provisions that provide options for a complete suite of medical equipment. The vehicle is available in two configurations that provide ample room to treat two patients on stretchers or four ambulatory patients.
Oshkosh also is displaying an unarmored 4x4 truck from the Family of Medium Tactical Vehicles (FMTV) in booth #N4-560 during the event. The FMTV is a series of 17 models ranging from 2.5-ton to 10-ton payloads. Vehicles have a parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency. The unarmored 4x4 FMTV is not ITAR controlled and is ideal for international customers looking for a cost-efficient logistics truck that provides the capability, versatility and mobility to move troops and supplies, recover vehicles and weapon systems, or haul equipment.
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 Corporation 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, visit www.oshkoshcorporation.com.
®, TM 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 expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the impact on revenues and margins of the decrease in M-ATV production rates; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the potential for disruptions or cost overruns in the Company’s global enterprise resource planning system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. 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.
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