Oshkosh Corporation Receives $640 Million Award to Supply 1,460 Additional M-ATVs — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Corporation Receives $640 Million Award to Supply 1,460 Additional M-ATVs
OSHKOSH, Wis. — Feb. 23, 2010 — Oshkosh Corporation (NYSE:OSK) announced today it has received an additional $640 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to deliver 1,460 MRAP All Terrain Vehicles (M-ATV). To date, Oshkosh has received awards valued at more than $4.74 billion for 8,079 M-ATVs, as well as spare parts kits and aftermarket in-theater support.
“Our Armed Forces have Oshkosh’s full assurance that these highly mobile, life protecting vehicles will continue to be a top priority because we understand the urgency of the situation,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “From day one, Oshkosh Corporation and our employees have been committed to meet or exceed the M-ATV delivery requirements, while simultaneously producing our other quality advanced tactical wheeled vehicles and meeting all other contractual obligations.”
The Oshkosh® M-ATV is the newest MRAP model, developed in response to an urgent need in Afghanistan. The vehicle is specifically designed to operate on the country’s harsh mountainous terrain and unimproved roads while providing protection levels equal to or better than those of legacy MRAPs. Able to overcome steep, rocky and rugged terrain, the vehicle uses the Oshkosh-patented TAK-4® independent suspension system for superior cross-country mobility, including a 70 percent off-road profile capability and 16 inches of independent wheel travel. Oshkosh has received orders to supply more than 2,400 TAK-4 systems for legacy MRAP upgrades for improved off-road mobility in Afghanistan.
The company has received orders to provide replacement parts and spare-parts kits concurrent with M-ATV production, as well as to provide field service representative (FSR) support in Afghanistan. With global operations that include service, repair and parts distribution, Oshkosh is able to support the M-ATV program’s full life-cycle sustainment as needed.
Existing Oshkosh facilities have the capacity, highly skilled workforce and proven manufacturing capability to deliver this M-ATV order and vehicles for all other Defense programs, including the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as the capability to meet any surges in production.
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.
Oshkosh Defense Receives $84 Million Award for M-ATV Armor Kits — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Receives $84 Million Award for M-ATV Armor Kits
OSHKOSH, Wis. — Feb. 8, 2010 — Oshkosh Corporation (NYSE:OSK) announced today that its Defense division received an award valued at more than $84 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply more than 625 add-on armor kits for the MRAP All Terrain Vehicle (M-ATV).
Under the delivery order, Oshkosh will provide explosively formed penetrator (EFP) protection kits for the M-ATV. Delivery of the kits is expected to begin in April 2010 and be completed by the end of August 2010. The Oshkosh-supplied kits will include EFP armor, base door armor and a door-assist mechanism. To date, Oshkosh has received awards valued at more than $4 billion to deliver 6,619 M-ATVs, as well as spare parts kits and aftermarket in-theater support.
The advanced armor system solution for the base Oshkosh M-ATV, prior to installation of EFP kits, has been battle-tested on more than 5,000 legacy MRAPs and thousands of Oshkosh® Medium Tactical Vehicle Replacement (MTVR) Armored Cabs already in theater. Incorporation of the Oshkosh-patented TAK-4® independent suspension system allows the M-ATV to accept add-on armor while maintaining its agile maneuverability and a full payload capacity of up to 4,000 pounds.
In addition to exceptional survivability, the M-ATV delivers superior off-road mobility for Afghanistan’s harsh mountainous terrain and unimproved roads. The TAK-4 system, which has undergone more than 500,000 miles of government testing, gives the vehicle a 70 percent off-road profile capability and 16 inches of independent wheel travel to overcome obstacles and rugged environments.
Existing Oshkosh facilities have the capacity, highly skilled workforce and proven manufacturing capability to deliver this M-ATV order and all other Defense program orders, including the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.
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.
Oshkosh Corporation Awarded Additional $175 Million Order to Supply 400 M-ATVs — Press Release
Filed under: Business Line, Companies, Contract Awards, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Corporation Awarded Additional $175 Million Order to Supply 400 M-ATVs
OSHKOSH, Wis. — Dec. 10, 2009 — Oshkosh Corporation (NYSE:OSK) announced today it has received an additional $175 million order from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to deliver 400 MRAP All Terrain Vehicles (M-ATV). To date, Oshkosh has received six awards valued at $3.3 billion to deliver a total of 6,619 M-ATVs.
Oshkosh continues to exceed the accelerated delivery schedule with unprecedented production efforts at its manufacturing facilities. The company has ramped up production to achieve 1,000 vehicles per month in December and this new award will extend production into May 2010.
“We are honored to build these M-ATVs that will help save Warfighters’ lives in Afghanistan. Our employees understand the importance of this program. There is an unfaltering commitment and tremendous persistence at Oshkosh to answer our customer’s needs,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “With world-class manufacturing capabilities, available capacity and a highly skilled workforce, we continue to be prepared to meet the needs of the U.S. Armed Forces for the M-ATV and other programs, however large the order or complex the vehicle.”
The Oshkosh® M-ATV achieves superior off-road mobility through the incorporation of the Oshkosh-patented TAK-4® independent suspension system, which has undergone more than 500,000 miles of government testing and is used on more than 10,000 Medium Tactical Vehicle Replacements (MTVR). The TAK-4 system provides 16 inches of independent wheel travel and a 70 percent off-road profile capability. Oshkosh also has received orders to supply more than 2,400 TAK-4 systems for legacy MRAP upgrades for improved off-road mobility in Afghanistan.
The Oshkosh M-ATV launch team, which has exceeded M-ATV delivery requirements for five consecutive months, was a recipient of 2009 Defense Manufacturing Excellence Awards from the National Center for Advanced Technologies.
Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh Medium Tactical Vehicle Replacement MTVR Armored Cabs already in theater.
Existing Oshkosh Defense manufacturing facilities have production capacity for all current and pending military vehicle programs, including the M-ATV and the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.
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.
Oshkosh Defense Receives $438 Million Order for Additional 1,000 M-ATVs — Press Release
Filed under: Business Line, Companies, Contract Additions, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Receives $438 Million Order for Additional 1,000 M-ATVs
OSHKOSH, Wis. — Nov. 11, 2009 — Oshkosh Corporation (NYSE:OSK) announced today it has received an additional $438 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) for 1,000 MRAP All Terrain Vehicles (M-ATV). This is the fifth award Oshkosh has received to supply M-ATVs and brings the total number of vehicles Oshkosh will deliver to 6,219. The aggregate amount of the five awards is valued at more than $3.2 billion.
“The most significant way we can show support for our Armed Forces is high rate, quality production of these important vehicles that provide the mobility and survivability necessary for the harsh Afghanistan terrain,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “Additionally, through our extensive network of aftermarket services, we are supporting the vehicles in-theater with parts supply and field service representative support.”
Since receiving the initial award on June 30, 2009, Oshkosh has delivered ahead of its contracted, accelerated delivery schedule every month and will ramp production up to 1,000 vehicles per month in December. Existing Oshkosh Defense manufacturing facilities have available production capacity for all current and pending military vehicle programs, including M-ATV and the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.
“Oshkosh Corporation is also extremely honored to welcome U.S. Secretary of Defense Robert Gates, who will be visiting Oshkosh on Thursday (Nov. 12) to thank our employees who are working on the M-ATV project for all their hard work and dedication,” Bohn added.
The Oshkosh® M-ATV is based on the proven Medium Tactical Vehicle Replacement (MTVR) chassis and uses the Oshkosh TAK-4® independent suspension system to provide superior mobility, including 16 inches of independent wheel travel and a 70 percent off-road profile capability. The TAK-4 system has undergone more than 400,000 miles of government testing and is being retrofitted on more than 2,400 legacy MRAPs for improved mobility. The suspension system is featured on more than 10,000 MTVRs 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).
Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh MTVR Armored Cabs already in theater.
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.
Oshkosh Defense Receives Award to Integrate Camera Systems on M-ATVs — Press Release
Filed under: Business Line, Companies, Contract Awards, Events, Oshkosh Truck Corp, Services, U.S. Army, logistics, production program
Oshkosh Defense Receives Award to Integrate Camera Systems on M-ATVs
OSHKOSH, Wis. — Oct. 2, 2009 — Oshkosh Corporation (NYSE:OSK) announced today its Defense Segment received a $33 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply a rear-mounted camera system on more than 2,200 MRAP All Terrain Vehicles (M-ATV) to provide improved situational awareness for vehicle occupants.
“We are pleased to work with our customer to provide this vehicle upgrade for the benefit of the U.S. Armed Forces in Afghanistan,” said Ken Juergens, M-ATV program director for Oshkosh Defense. “The advanced M-ATV provides exceptional mobility and protection capabilities, and this technology will help the vehicle’s crew better survey their surroundings as they navigate Afghanistan’s harsh environments.”
The camera system, which integrates with existing vehicle video displays, provides a 40-degree vertical and 54-degree horizontal field of view. The system uses an infrared camera core in an LED-equipped tailgate assembly and provides visibility through dust, obscurants and incremental weather in day and night operations.
Oshkosh is a longtime, proven manufacturer of next-generation vehicles and can incorporate advanced technologies into each vehicle platform it manufactures. The company has delivered its M-ATV requirements ahead of schedule every month and will ramp up production to 1,000 vehicles per month in December. The company’s highly skilled workforce uses an advanced integrated assembly line and has simultaneously produced as many as 10 vehicle models with 29 variations.
To date, Oshkosh has received awards totaling $2.3 billion for 4,296 M-ATVs. The vehicle uses the Oshkosh TAK-4® independent suspension system to provide superior off-road mobility, which includes a 70 percent off-road profile capability and 16 inches of independent wheel travel. The TAK-4 system has undergone more than 400,000 miles of government testing and is used on more than 10,000 Medium Tactical Vehicle Replacements (MTVR), as well as the Marine Corps’ Logistics Vehicle System Replacement (LVSR) and the Army’s Palletized Load System (PLS A1).
Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh MTVR Armored Cabs already in theater.
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®, BAI™, 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 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.
Oshkosh Defense Awarded $54 Million Delivery Order for M-ATV Armor Kits — Press Reelase
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $54 Million Delivery Order for M-ATV Armor Kits
OSHKOSH, Wis. — Dec. 24, 2009 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has received an order valued at more than $54 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply more than 970 add-on protection kits for the MRAP All-Terrain Vehicle (M-ATV).
Under the delivery order, Oshkosh will supply more than 170 explosively formed penetrator (EFP) kits through April 2010 and 800 rocket-propelled grenade (RPG) kits through May 2010. To date, Oshkosh has received awards valued at $3.52 billion to deliver 6,619 M-ATVs, as well as spare kits and aftermarket in-theater support.
“The M-ATV provides exceptional protection capabilities for our U.S. Armed Forces in Afghanistan, and these add-on armor kits will only further improve upon those capabilities,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “A flexible design and advanced independent suspension system allows the vehicle to take on additional payloads, including add-on armor upgrades.”
Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh Medium Tactical Vehicle Replacement (MTVR) Armored Cabs already in theater.
The M-ATV uses the Oshkosh-patented TAK-4® independent suspension system to provide superior off-road mobility as well as support vehicle upgrades, such as heavier armor. The system, which has undergone more than 500,000 miles of government testing, provides 16 inches of independent wheel travel and helps the vehicle achieve a 70-percent off-road profile capability to negotiate harsh cross-country terrain and unimproved roads.
Existing Oshkosh facilities have the capacity, highly skilled workforce and proven manufacturing capability to deliver the M-ATV and vehicles for all other Army and Defense programs, including the Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.
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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- EADS-NA Says Not Comfortable Priming KC-X Contract
- Spirit AeroSystems Named to Boeing Tanker Supplier Team — Press Release
- Contracts for March 11, 2010
- Northrop Grumman Names Paul Russell to Lead Space Navigation Business Area
- Northrop Grumman Awarded U.S. Army Europe Linguist Contract
- Aegis Weapon System Tested During International Multiple Ship Demonstration
- Raytheon, Motion Reality Ink Agreement For Virtual Applications
- Lockheed Martin Awarded Arizona Support Center Contract for M-TADS/PNVS
- Lockheed Martin and Aegisound Honored With Defense Department’s Nunn-Perry Award
- GeoEye Selects Lockheed Martin to Build Next-Generation Commercial Remote Sensing Satellite System
- STOVL Jet Prepares for Vertical Landing
- DOD CONTRACTS for March 11, 2010
- US Navy: Flag Officer Announcement
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