Oshkosh to Build MRAP Vehicles for the UAE
Filed under: Business Line, Companies, Contract Additions, Contract Awards, Countries, Events, Oshkosh Truck Corp, production program, UAE
Air shows and exhibitions are often times when new contracts are announced. At the Paris or Farnborough shows Boeing (BA) and Airbus take it in turns to say who bought what aircraft. There are also military contracts. At the recent IDEX 2013 in Dubai the UAE government continued its practice of doing this with some major contract awards.
One of these was reportedly for 750 Mine Resistant Ambush Protected (MRAP) vehicles from the U.S. company, Oshkosh (OSK). Oshkosh has made trucks for the U.S. military for some time even though its primary markets are construction and emergency vehicles.
Due to the mine and Improvised Explosive Device (IED) threat in Iraq and Afghanistan the U.S. military and some of its allies invested heavily in Mine Resistant Ambush Protected (MRAP) vehicles from a variety of suppliers. These were heavily armored trucks designed to resist mines and were used for troop transport and route clearance. They were not primarily tactical vehicles.
In 2008 Oshkosh won a contract to build a lighter, more maneuverable MRAP for use in Afghanistan called the MRAP-AT After building several thousand of these the contract is basically over as the U.S. reached its acquisition goal. This means that Oshkosh needed to look to other customers for this product.
The announcement of the UAE deal worth over $350 million is a major sale for the company. Often times with these programs the first sale is the hardest and once others start using a system it becomes easier to sell. As with any vehicle contract Oshkosh stands to make further revenue off of spares, engineering support and maintenance services.
GD’s Force Protection Divison Wins U.K. Contract
Filed under: Business Line, Companies, Contract Additions, Contract Awards, Countries, England, Events, Force Protection, General Dynamics, Oshkosh Truck Corp, production program, Services
Force Protection was one of the first and largest manufacturers of Mine Resistant Ambush Protected (MRAP) vehicles used by the U.S. and its Allies in Afghanistan and Iraq. For a time during the first decade of this century the company won a large number of contracts to build, service and maintain these vehicles as the U.S. quickly ramped up its inventory.
Over the last few years though it was a different story as the company faced struggles due to declining demand and the fact that the new MRAP for Afghanistan, the MRAP-AT, contract was won by Oshkosh (OSK). Eventually the company and its assets were acquired by General Dynamics (GD) who also has made MRAP and armor for these vehicles.
That does not mean that different military forces are not investing in MRAP just that the market has shrunk significantly. The U.K. just awarded GD a contract for 51 more Force Protection Foxhound vehicles for use in Afghanistan. The value is just over $73 million.
The U.K. already operates Foxhounds and in 2010 ordered 376 of them. They are made in the U.K. by the former Force Protection.
The military vehicle market still remains strong as the U.S. needs to replace and upgrade large amounts of vehicles from the 1980′s that have seen heavy use since 2001. They also need to fit the stocks of MRAP’s into their tactical formations and doctrine.
Photo from Think Defence flickr photostream.
Oshkosh Defense Delivers 100,000th Military Vehicle — Press Release
Filed under: Business Line, Companies, Events, logistics, Oshkosh Truck Corp, Press Releases, production program
Caption: Charlie Szews, Oshkosh Corp. CEO, and John Urias, president of Oshkosh Defense, honor Clarence Jungwirth for his 66 years of service to the company at a celebration marking the delivery of the company’s 100,000th military vehicle, the extremely mobile and protected Oshkosh M-ATV, seen above in Oshkosh, Wis. on Oct. 17.
Oshkosh marks major milestone in mobilizing military forces
OSHKOSH, Wis. (Oct. 17, 2012) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), and producer of light, medium and heavy tactical and armored Mine-Resistant Ambush Protected (MRAP) vehicles, today celebrated the delivery of its 100,000th military vehicle. Oshkosh employees gathered to commemorate the accomplishment as the Company’s 100,000th vehicle, a MRAP All-Terrain Vehicle (M-ATV), rolled off the manufacturing line.
“The founders of Oshkosh Corporation built the Company’s first vehicle with patented four-wheel-drive technologies more than 95 years ago, so it is only fitting that the 100,000th defense vehicle is an M-ATV with exceptional off-road mobility,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “This milestone also speaks to our future. Our vehicles are helping military and security organizations around the world by providing new levels of performance, protection and mobility.”
The 100,000th defense vehicle from Oshkosh is part of the first delivery of M-ATVs to the United Arab Emirates. To date, Oshkosh has received orders for more than 9,500 M-ATVs worldwide.
Oshkosh Defense Major Programs Timeline
Milestone Customer Date
Model W-700 Introduced U.S. Army Corps of Engineers 1939
E-Award – Excellence in Wartime Production U.S. Army and Navy 1945
MB-5 ARFF Contract U.S. Navy 1968
M911 HET Contract U.S. Army 1976
HEMTT Production Begins U.S. Army 1982
First LVSR Deliveries U.S. Marine Corps 1985
PLS Contract U.S. Army 1990
MTVR Contract U.S. Marine Corps 1998
Wheeled Tanker Contract U.K. MoD 2003
FMTV & M-ATV Contracts Joint Services 2009
Cargo UGV Project – TerraMax System U.S. Marine Corps 2010-2012
International M-ATV Contract UAE Armed Forces 2012
In addition to the M-ATV, Oshkosh Defense produces the U.S. Army and Marine Corps’ heavy and medium vehicles fleets and has developed multiple light vehicle offerings. The Company received a contract this summer for the Joint Light Tactical Vehicle (JLTV) program’s Engineering, Manufacturing and Development (EMD) phase. The JLTV aims to replace many of the U.S. military’s aged HMMWVs with a lightweight vehicle that offers greater protection, mobility and transportability. The Oshkosh Light Combat Tactical All-Terrain Vehicle (L-ATV) incorporates the latest proven technologies to deliver unprecedented mobility and ride quality.
Oshkosh has delivered a full range of tactical and armored vehicles to nearly 20 countries – including Canada, Mexico, England, Sweden, Saudi Arabia and the UAE. Proprietary vehicle technologies developed by Oshkosh also help militaries increase mobility, protection and efficiency in current fleets.
To help militaries sustain their fleets and maintain peak readiness levels, Oshkosh Defense offers a full range of Integrated Product Support services globally. Offerings include training, field service, integrated logistics and parts supply support, as well as fleet modernization to keep vehicles on the move throughout their entire life-cycle.
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®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, 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.
Oshkosh Defense Unveils New Light Vehicle for Unconventional, Recon Missions at Modern Day Marine 2012 — Press Release
Filed under: Business Line, Companies, development program, Events, Oshkosh Truck Corp, Press Releases, production program
Oshkosh L-ATV selected for the JLTV EMD phase also on display
OSHKOSH, Wis. (Sept. 24, 2012) — Expanding its portfolio of light military vehicles, Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is unveiling its new Special Purpose All-Terrain Vehicle (S-ATV) designed for unconventional and reconnaissance missions at Modern Day Marine 2012, Sept. 25-27 in Quantico, Va. Oshkosh will also have its Light Combat Tactical All-Terrain Vehicle (L-ATV), which was selected for the Joint Light Tactical Vehicle (JLTV) Engineering, Manufacturing and Development (EMD) phase, at the show.
“We have developed a broad range of high-performance light vehicles to offer Warfighters next-generation capabilities for future battlefields,” said John Bryant, vice president and general manager of Joint and Marine Corps Programs for Oshkosh Defense. “Our L-ATV and S-ATV platforms, coupled with an array of Oshkosh-developed HMMWV upgrade solutions, demonstrate exciting innovations. The off-road mobility, crew protection and reliability that are hallmarks of our heavy, medium and MRAP platforms have been leveraged in different ways across these light vehicles to meet a range of operational needs.”
Oshkosh specifically designed the S-ATV based on emerging worldwide requirements for forces performing unconventional and reconnaissance missions. The S-ATV utilizes Oshkosh’s battle-proven off-road technologies and expertise to nimbly travel across rugged, remote and urban terrains at high speeds. The vehicle is available in multiple weight and protection configurations.
Delivering the Oshkosh JLTV Solution
Oshkosh received a contract in August to deliver 22 Light Combat Tactical All-Terrain Vehicle (L-ATV) prototypes for the JLTV EMD phase, as well as to support government testing and evaluation of the vehicles. The joint services are expected to replace tens of thousands of HMMWVs with the JLTV.
“The Oshkosh JLTV solution was designed with a purpose – to keep Warfighters safe on future battlefields with unpredictable terrain, tactics, and threats,” said John Bryant, vice president and general manager of Joint and Marine Corps Programs for Oshkosh Defense. “Oshkosh has a 90-year history of delivering high quality military vehicle programs on-time and on-budget, and our JLTV program is no exception. We understand how critical this light, protected, off-road vehicle will be to Warfighters.”
The Oshkosh L-ATV offers an advanced crew protection system that has been extensively tested and is proven to optimize crew survivability. The L-ATV can accept multiple armor configurations, which allows the vehicle to adapt easily to changing operational requirements. The L-ATV also applies the Oshkosh TAK-4i™ intelligent independent-suspension system to provide significantly faster speeds when operating off-road, which can be critical to troops’ safety.
Oshkosh executives will be on hand to discuss the vehicles, technologies and vehicle lifecycle management at booth #2404.
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®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, 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.
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Navistar Decides Not To Go Ahead with JLTV Protest
Filed under: AM General, BAE Systems, Business Line, Companies, Contract Awards, Events, General Dynamics, Lockheed Martin, Oshkosh Truck Corp, production program, Protest, Services, U.S. Army
It is now being reported that Navistar (NAV) will not pursue its protest of the JLTV EMD contracts awarded almost two weeks ago. They did this after Labor Day.
The three Engineering, Manufacturing and Development (EMD) contracts were awarded three weeks ago. They were given to AM General, Lockheed Martin (LMT) and Oshkosh. The Navistar and General Dynamics (GD) proposals did not win.
Navistar had protested right at the end of the window to do so and after receiving their debrief from the Army. By doing this it placed the execution of the contracts on hold until the protest was resolved.
It looks like Navistar filed the protest to make sure they hit the window. After reviewing more information they decided to withdraw it. There has still been no indications that GD will go ahead with one.
Oshkosh (OSK) and the FY13 Defense Budget — Seeking Alpha
Filed under: Business Line, Companies, Department of Defense, Events, Federal Budget Process, logistics, Navistar, Oshkosh Truck Corp, production program, Proposal, Restructuring, Services, U.S. Army
This is an exclusive post I made for Seeking Alpha about cuts to the FMTV program in the FY13 budget and its effect on Oshkosh’s bottom line.
Oshkosh Defense Showcases Mission-Proven Vehicle Platforms at CANSEC 2011
Filed under: Syndicated Industry News
Oshkosh Defense to Deliver Additional M-ATV Protection Kits
Filed under: Syndicated Industry News
Oshkosh Defense Responds to U.S. Army’s Need for Tactical Vehicles; U.S. Army Program Maintains Original FMTV Contract Timeline — Press Release
Filed under: Business Line, Companies, Editorial, Events, logistics, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Defense Responds to U.S. Army’s Need for Tactical Vehicles; U.S. Army Program Maintains Original FMTV Contract Timeline
OSHKOSH, Wis. (July 8, 2010) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today it has received two orders from the U.S. Army TACOM Life Cycle Management Command (LCMC) to supply 950 U.S. Army Family of Medium Tactical Vehicles (FMTV) trucks and trailers. Oshkosh continues to hold fast to the Army’s original FMTV delivery schedule and expects to complete deliveries for these latest awards by December 2011.
“Oshkosh remains on target for FMTV production-unit deliveries starting in October of this year, allowing our men and women in uniform to receive these essential vehicles as quickly as possible,” said Mike Ivy, vice president and general manager of Army Programs for Oshkosh Defense. “From testing and production to training and service, we intend to satisfy every Army requirement related to the FMTV program with high quality Oshkosh products delivered on schedule.”
The two delivery orders, valued at more than $136 million, include nearly 800 trucks and more than 160 trailers, increasing the total number of Oshkosh FMTV truck-and-trailer under order to 6,159. Oshkosh also will supply nearly 40 FMTV add-on armor “B” kits under the orders.
The five-year FMTV contract is for the production of up to 23,000 vehicles and trailers, as well as support services and training through fiscal 2014. The FMTV is a series of 17 models ranging from 2.5-ton to 10-ton payloads. Vehicles feature a parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency for the U.S. Army.
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.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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Oshkosh Defense Ships First FMTV Trucks, Trailers to U.S. Army Ahead of Schedule; Vehicle Design Supports Armor Strategy to Protect Warfighters — Press Release
Filed under: Business Line, Companies, Events, logistics, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Defense Ships First FMTV Trucks, Trailers to U.S. Army Ahead of Schedule; Vehicle Design Supports Armor Strategy to Protect Warfighters
OSHKOSH, Wis. — May 27, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has shipped its first Family of Medium Tactical Vehicles (FMTV) trucks and trailers to the U.S. Army. The vehicles left the company’s Oshkosh, Wis. campus yesterday – ahead of schedule.
“These Oshkosh vehicles represent a major milestone for the FMTV program, and exemplify our history of meeting commitments to the U.S. Army,” said Mike Ivy, vice president and general manager, Army Programs, Oshkosh Defense. “We’ve leveraged our proven manufacturing expertise and a substantial pre-award program investment to ensure that all of our customer’s requirements and original schedules are met. We look forward to delivering these mission-critical vehicles to our country’s Warfighters.”
Two FMTV variants and trailers for both vehicles are being delivered. The Oshkosh FMTVs feature the Long-Term Armor Strategy (LTAS)-compliant cab solution. “We are pleased to do all we can to advance the safety and protection of our Warfighters,” added Ivy.
According to the U.S. Army’s original FMTV program timeline, Oshkosh Defense will begin delivering production units in October 2010. Production deliveries under existing orders run through December 2011. To date, Oshkosh has received orders to deliver 5,209 FMTV trucks and trailers.
The five-year FMTV contract is for the production of an estimated 23,000 vehicles and trailers, as well as support services and training. The FMTV is a series of 17 models and 23 variants ranging from 2.5-ton to 10-ton payloads. Vehicles feature a parts commonality of more than 80 percent, resulting in streamlined maintenance, training, sustainment and overall cost efficiency for the U.S. Army.
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.
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Taiwan Buys Support Vehicles For PATRIOT Missile Systems From BAE Systems
Filed under: BAE Systems, Business Line, Companies, Contract Awards, Countries, Events, logistics, missile defense, Oshkosh Truck Corp, production program, Services, Taiwan, U.S. Army
The U.S. Army placed an order with BAE Systems (BAE:LSE) for twenty-four FMTV vehicles. The contract is worth around $5 million. The FMTV will be modified to provide support for Taiwan’s PATRIOT air and missile defense systems.
Taiwan has purchased PATRIOT systems to provide defenses against China’s ballistic missile and air forces. The vehicles will perform a variety of roles for the PATRIOT batteries including cargo and tractors versions.
BAE lost the FMTV contract last year to Oshkosh (OSK). Production will be moving from Sealy, TX to Wisconsin.
Stupid Tax Breaks: Oshkosh Defense Saves Millions By Doing What Comes Naturally
With unemployment running at more than 14 percent and its car industry still in shock, Michigan has one of the most battered economies in the U.S.So the state government has been creating special…
Oshkosh Defense Awarded $41 Million for M-ATV Protection Kits — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Defense Awarded $41 Million for M-ATV Protection Kits
OSHKOSH, Wis. — March 29, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has received an order valued at more than $41 million from the TACOM Life Cycle Management Command (LCMC) to supply more than 1,000 add-on rocket-propelled grenade (RPG) protection kits for the MRAP All-Terrain Vehicle (M-ATV). Timing for the work is expected to be completed by September 2010 and installation will occur in theater.
“The M-ATV provides exceptional protection capabilities for our Armed Forces in Afghanistan,” said Kenneth G. Juergens, Oshkosh Corporation vice president and general manager, Joint Programs, Defense. “These add-on RPG kits are being delivered to further bolster the security of our men and women in uniform and ensure that they continue to have the best protection available as they carry out their missions. We are committed to providing a robust aftermarket parts support program to meet our Warfighters’ needs in the field.”
Delivery of the RPG kits is one element of the complete spectrum of service and support Oshkosh Defense provides for the M-ATV fleet in the Afghan theater. The company also deploys in-theater field service representatives (FSR). Oshkosh FSRs operate service facilities at forward operating bases that require additional training or more support than internal assets can provide.
The Oshkosh M-ATV features the survivability and off-road mobility capabilities needed to operate in places like Afghanistan. To date, Oshkosh has received awards valued at more than $4.75 billion for 8,079 M-ATVs, as well as spare parts kits, upgrade kits and aftermarket support. Oshkosh received the M-ATV contract award and its first delivery order in June 2009. The company quickly ramped up manufacturing to unprecedented levels, producing more than 1,000 vehicles per month as of December 2009.
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.
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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 risks related to sustaining the required rate of production for the M-ATV contract and the amount, if any, of additional orders for M-ATVs that the Company may receive; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; 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, the potential for the government to competitively bid the Company’s Army and Marine contracts and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; 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 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.
MRAP-ATV Continues To Drive Work For Plasan Bennington
Filed under: Business Line, Companies, Contract Awards, Department of Defense, Events, logistics, Oshkosh Truck Corp, Plasan, production program, Services, States, Vermont
The MRAP-ATV is the new lighter, more maneuverable MRAP made for service in Afghanistan. Oshkosh won the production contract and so far has been awarded contracts for over 8,000 vehicles by the U.S. military. Plasan Bennington makes armor plates for the vehicles and as Oshkosh receives contracts so does the Vermont company.
It announced that Oshkosh had given it a sub-contract worth over $170 million as part of a recent order of 1,460 MRAP vehicles. As the U.S. industry geared up to produce not only MRAPs but also uparmored HUMVEE and trucks several companies expanded their capabilities. Plasan Bennington is one along with BAE Systems. Protection against IED and mines demands the production of sophisticated metal plates for use on military vehicles.
Oshkosh Defense Named Wisconsin Manufacturer of the Year — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Defense Named Wisconsin Manufacturer of the Year
OSHKOSH, Wis., Feb 26, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), received the 2009 Wisconsin Manufacturer of the Year (MOTY), winning the Grand Award in the “Mega” category for companies with more than 750 employees. Oshkosh was selected as the top company in this annual state-wide competition among Wisconsin-based manufacturers.
Oshkosh Defense was recognized for its operations and business excellence during the past year, and was judged on criteria, including financial growth, environmental solutions, technological advancement, operational excellence, commitment to employees and community support.
“The award acknowledges the progress and growth at Oshkosh Defense, as well the hard work and experience of our employees,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “This award is a tribute to the dedication of our workforce in building the finest military tactical wheeled vehicles to help supply our Armed Forces and help protect the lives of someone’s son, daughter, mother or father.”
For Oshkosh Defense, 2009 was a remarkable year. The Defense division won two major contracts and hired hundreds of new employees. The division first received an award on June 30, 2009 for the MRAP All-Terrain Vehicle (M-ATV) program, resulting in a $4.74 billion contract for 8.079 vehicles to be used in Afghanistan’s harsh rugged terrain. The contract award brought an immediate ramp up in production for this brand-new vehicle. This was an “urgent” needs project for the U.S. Army, and Oshkosh and its employees were able to design, test, build and begin delivering these life-saving vehicles to Afghanistan in less than a year — a truly remarkable accomplishment.
The next significant award came on Aug. 26, 2009 for the Army’s Family of Medium Tactical Vehicles (FMTV).These two momentous programs are in addition to the existing programs and vehicles that Oshkosh provides for medium tactical wheeled vehicles for the Marine Corps and the Family of Heavy Tactical Vehicles (FHTV) for the Army.
“Our success is the direct result of attention to detail from our management, the skill and determination of our employees and a companywide commitment to continuous improvement. Each day we come to work with a purpose and leave with a great sense of pride,” said Hove.
Nominees for the Wisconsin MOTY awards must have major manufacturing operations in the state. Winning companies are also recognized for having made Wisconsin a better place to live and work through their operations and business excellence.
MOTY winners were announced at an awards program on Thursday, Feb. 25 at The Pfister Hotel in Milwaukee. The MOTY Awards Program is co-sponsored by Michael Best and Friedrich LLP, Baker Tilly Virchow Krause LLP, and Wisconsin Manufacturers & Commerce.
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.
Plasan Gets Another Armor Contract For The MRAP-ATV
Filed under: Business Line, Companies, Contract Awards, Countries, Department of Defense, Events, Israel, logistics, Oshkosh Truck Corp, Plasan, production program, Services
Oshkosh builds the MRAP-ATV for the U.S. military for use in Afghanistan. This is a lighter, more maneuverable Mine Resistant Ambush Protected (MRAP) vehicle then the older designs. They utilize the Israeli company, Plasan, to make armor kits for these vehicles. Because the U.S. has been buying billions of dollars worth of the vehicles Plasan as well has been receiving substantial contracts as well.
The company announced yesterday a further $170 million contract to build 1,460 kits. Plasan has been growing steadily as the world’s demand for armored vehicles, especially those optimized for protection against IED and mines, has also grown. As the U.S. and its allies build out their fleets of vehicles ultimately demand will decline. The MRAP market has already seen some changes as the focus of effort shifted from Iraq to Afghanistan and will again as the U.S. ends its commitment there.
Rumor Of New MRAP Contracts For Afghanistan May Bouy Navistar
Filed under: BAE Systems, Business Line, Companies, Department of Defense, Events, Force Protection, logistics, Navistar, Oshkosh Truck Corp, production program, Services
An internal memo from within the Department of Defense some how leaked out. It states that in support of the U.S. operations in Afghanistan a further 2,500 Mine Resistant Ambush Protected (MRAP) vehicles will be required. Over the last two years the focus of acquisition for these kind of vehicles has been the Oshkosh produced MRAP-AT which was the result of the MRAP-All Terrain Vehicle (ATV) contest. The MRAP-ATV requirements were for a lighter, more maneuverable vehicle able to operate better in Afghanistan’s rough terrain.
Navistar was unable to win the MRAP-ATV contest and have missed out on the several hundred million dollars worth of orders for those vehicles. If the memo is correct an order for over one thousand of their MRAP type vehicles for use in Afghanistan will be welcome. The U.S. military has spent a great deal on MRAPs to serve in Iraq and Afghanistan over the last five years. They now possess significant numbers of them and will use them for several years to come. There will be little need to buy more of them and this will affect Navistar, BAE Systems and Force Protection all who ramped up production to meet demand.
Oshkosh And The MRAP-ATV: 4 Billion Dollars And Counting
Oshkosh (OSK) was able to balance off its losses in their commercial sector though winning contracts to make Mine Resistant Ambush Protected (MRAP)…
FMTV Contract Award And Protest Raises Industrial Policy Issues
The award this year to Oshkosh of a large truck contract for the U.S. Army and the subsequent protest by BAE Systems has raised industrial policy…
GAO Upholds BAE Systems Protest Of Truck Contract
The protest by BAE Systems of the truck contract awarded to Oshkosh was upheld yesterday by the GAO. Now the Army must decide how to proceed with…
Navistar To Provide More Trucks To U.S. Army
Filed under: Business Line, Companies, Contract Awards, Events, logistics, Mississippi, Navistar, Oshkosh Truck Corp, production program, Services, U.S. Army
The United States military has expended a great deal of logistics and support vehicles in Iraq and Afghanistan. These trucks have taken a beating both from heavy use and enemy attacks. The Army has let several contracts recently to repair, reset and replace them. Yesterday it was announced that Navistar would be awarded a contract to provide tanker trucks, wreckers and generic troop transport vehicles. The value of this contract is over $400 million.
Navistar was disappointed that it did not win a portion of the MRAP-ATV contract to provide the lighter vehicles for use in Afghanistan. That contract went to Oshkosh. This contract will offset some of the losses from not contributing to that effort. It also demonstrates that the U.S. has been able to grow a decent industrial base when it comes to logistic support vehicles.
New Military Contracts Limit Losses For Oshkosh
Oshkosh reported losses of over a billion dollars for Fiscal Year 2009 due to charges and debt reduction. Recent wins of military production…
BAE Systems Continues Protest Of Oshkosh Contract
BAE Systems filed another protest of the award to Oshkosh Defense of a large truck contract. The loss of this business may significantly effect…
MRAP-ATV Contract Spills Over To SCHOTT North America
Filed under: Business Line, Companies, Contract Awards, Department of Defense, Events, logistics, Oshkosh Truck Corp, production program, Schott North America, Services, States, U.S. Army
Oshkosh Defense was awarded the contract to build the new Mine Resistant Ambush Protected – All Terrain Vehicle (MRAP-ATV) earlier this year for use in the rougher terrain of Afghanistan. Under this contract several thousand vehicles will be built for use by the Army, Marine Corps and other services. As with any contract of this size there will be large orders placed with the necessary sub-contractors.
For example Plasan in Vermont will provide armor plate for the vehicles as they have for other MRAP and up-armored trucks and HUMVEES. Now SCHOTT North America located in Indiana announced that they have received a contract from Oshkosh to provide armored glass for the MRAP-ATV.
The contract will be require over a hundred more workers to be hired and the company to invest about $7 million in their plants. This contract illustrates how large defense contracts while seemingly being awarded to only one company spread across the U.S. and foriegn suppliers as parts and components are produced.
First Oshkosh LVSR Deployed to Afghanistan In Support of U.S. Marine Corps — Press Release
Filed under: Business Line, Companies, Events, logistics, Oshkosh Truck Corp, Press Releases, production program, Services, U.S. Army
First Oshkosh LVSR Deployed to Afghanistan In Support of U.S. Marine Corps
OSHKOSH, Wis. — Oct. 19, 2009 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today 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 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.
Photo Courtesy of Oshkosh Corporation
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