DTN News - DEFENSE NEWS: Oshkosh Defense Showcases Special Forces Vehicle Expertise At SOFEX 2012

DTN News - DEFENSE NEWS: Oshkosh Defense Showcases Special Forces Vehicle Expertise At SOFEX 2012
*Vehicles designed for wide-ranging special forces missions featured in Oshkosh booth
Source: DTN News - - This article compiled by Roger Smith from reliable sources  Oshkosh 
(NSI News Source Info) TORONTO, Canada - May 4, 2012: Special forces worldwide need highly mobile tactical vehicles that meet the requirements of their unique mission profiles. Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will be displaying two such vehicles at the Special Operations Forces Exhibition & Conference (SOFEX) in Amman, Jordan, May 7-10. The Oshkosh MRAP All-Terrain Vehicle (M-ATV) Special Forces Vehicle (SFV) and SandCat Tactical Protector Vehicle (TPV) will be in Oshkosh booth B650.

“The M-ATV SFV and SandCat TPV are protected and highly mobile vehicles that can support a wide array of demanding law enforcement, border patrol and special forces missions,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “Our experience providing special forces vehicles is matched by our dedication to provide full life-cycle sustainment and support services to every truck, regardless of location. We have established offices and networks in the Middle East to provide customers with support from individuals who understand the challenges unique to the region.”

Oshkosh has more than 90 years of experience designing, manufacturing and sustaining world-class vehicles for governments, militaries and special forces units around the world. Oshkosh Defense uses a collaborative, integrated approach to meet customers’ needs, from vehicle design and production to training and aftermarket sustainment. The company has produced more than 100,000 military-class trucks and trailers, and Oshkosh vehicles have been proven in severe off-road environments.

Oshkosh’s aftermarket solutions cover the complete spectrum of vehicle life-cycle support, including training services, instruction manuals, maintenance and repairs, parts supply and fleet restoration services. Oshkosh Field Service Representatives (FSR) travel globally to ensure vehicles and personnel are at peak operational readiness. The company’s robust operator and maintenance training services provide systems-level expertise on the platforms and technologies they support, and Oshkosh’s parts-supply network is available 24/7 to provide instant access to spare and repair parts for all vehicle makes and models.

Oshkosh Defense has locations around the world, including its Oshkosh Arabia headquarters in Dubai, United Arab Emirates.

Vehicles on Display

The SFV variant is part of the M-ATV family of vehicles, which is designed to support the most challenging tactical operations in rugged and mountainous off-road terrain. The proven vehicle combines best-in-class off-road mobility and high levels of protection. The M-ATV SFV features alterations specific to the needs of special forces, including a modified cargo deck, intended to accept specialized equipment based on each mission’s requirements, and larger front windscreens for increased visibility. Oshkosh has received awards to date for nearly 8,700 M-ATVs, including more than 460 SFV variants, as well as spare parts kits, upgrade kits and aftermarket support.

The SandCat TPV is part of the Oshkosh SandCat family of vehicles and can be configured to meet individual performance, protection and payload needs. The vehicle’s armor system can be customized based on the threat level and mission profile, and seating capacity can be adjusted to accommodate up to nine passengers. The vehicle also can be equipped with standard or customized storage, and is typically integrated with a wide array of weapons and communications systems. The SandCat TPV’s compact design, combined with a 45.7 centimeter vertical step capability and 12.7 meter curb-to-curb turning circle, enables mobility in both tight urban settings and rugged rural landscapes. Oshkosh has received orders for the SandCat from Mexico, the United States, Sweden, Bulgaria, Canada and Nigeria.

Oshkosh Defense leadership will be available at SOFEX to discuss the company’s full range of vehicle and service offerings at booth B650.

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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets; the expected level and timing of the 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; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to increase prices to offset higher input costs; risks related to facilities consolidation and alignment, including costs and charges thereof and that anticipated cost savings may not be achieved; 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 Company or equity market expectations; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; 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 or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to actions of activist shareholders; 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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