Oshkosh Defense Awarded $11.9 Million Delivery Order to Supply United Arab Emirates With HEMTT A4s — Press Release
Filed under: Oshkosh Truck Corp, Press Releases, U.S. Army, United States, logistics
OSHKOSH, Wis. — March 18, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has received a delivery order from the U.S. Army TACOM Life Cycle Management Command (TACOM LCMC) to supply more than 40 next-generation Heavy Expanded Mobility Tactical Trucks (HEMTT) to the United Arab Emirates.
The delivery order, valued at $11.9 million, is part of the UAE’s Patriot Advanced Capability (PAC)-3 missile systems purchase approved by the U.S. Congress. The HEMTT variants included in this contract are the Patriot tractor, wrecker and guided missile transporter. The vehicles will be built and delivered July through September 2011. The order was issued under the Army’s Family of Heavy Tactical Vehicles (FHTV) III contract.
“Our HEMTT A4 variants included in this order will provide transportation, resupply and recovery support for the PAC-3 missile systems,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “Oshkosh Defense’s high-performance vehicles meet the durability, mobility and payload-capacity needs of militaries worldwide and thrive in the most demanding environments.”
The HEMTT A4’s advanced suspension, more powerful engine, air-conditioned cab and anti-lock brakes, in addition to the vehicle’s 13-ton payload capacity and off-road capabilities, will provide exceptional support to the UAE armed forces. Oshkosh Defense’s UAE-based facilities will supply regional aftermarket support services.
Along with vehicles such as the SandCat and Global Heavy Equipment Transporter (HET), the HEMTT A4 is part of Oshkosh Defense’s full line of international vehicles designed to meet a variety of logistical and operational needs around the world.
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.
MRAP-ATV Continues To Drive Work For Plasan Bennington
Filed under: Business Line, Companies, Contract Awards, Department of Defense, Events, Oshkosh Truck Corp, Plasan, Services, States, Vermont, logistics, production program
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 Receives $35 Million in Awards for M-ATV Interface Upgrades and Expanded Aftermarket Support — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Defense Receives $35 Million in Awards for M-ATV Interface Upgrades and Expanded Aftermarket Support
Oshkosh Defense Receives $35 Million in Awards for M-ATV Interface Upgrades and Expanded Aftermarket Support
OSHKOSH, Wis. — March 8, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today it has received three awards valued at more than $35 million from the U.S. Army TACOM Life Cycle Management Command (LCMC) for MRAP All-Terrain Vehicle (M-ATV) upgrades and in-theater support. The company received two awards for more than 6,400 M-ATV Self Protection Adaptive Roller Kits (SPARKS) upgraded interface brackets, as well as an award expanding Oshkosh Defense aftermarket support in-theater that will place 18 additional Oshkosh field service representatives (FSR) in Afghanistan and six in Iraq.
SPARKS are mine roller systems designed to be fitted to tactical wheeled vehicles and are used to protect soldiers from improvised explosive devices (IED). The roller system makes contact with the IED and causes the device to detonate away from the vehicle and crew. Oshkosh M-ATVs include an existing SPARKS interface. Recently, the SPARKS mine rollers have undergone revisions under U.S. government direction. These upgraded interface brackets will allow Oshkosh® M-ATVs to be fitted with the upgraded SPARKS.
Upgrade kits will be shipped to the Defense Distribution Depot Red River in Texarkana, Texas, in June 2010. The government will ship the brackets to receiving units in theater for installation on Oshkosh M-ATVs. Oshkosh FSRs will support with installation as necessary.
Oshkosh FSRs support the M-ATV and other vehicles in-theater, providing training and the complete spectrum of service and support in Iraq and Afghanistan. Oshkosh FSRs operate at any theater forward base that would support the M-ATV and that may require more access to Oshkosh Corporation than internal assets can provide.
Oshkosh has produced the M-ATV at a rapid pace, meeting the government’s accelerated delivery schedule. To date, the aggregate amount of awards Oshkosh has received for 8,079 M-ATVs, upgrade kits, spare parts kits and aftermarket support is valued at more than $4.74 billion. In addition to providing exceptional survivability, the M-ATV uses the Oshkosh-patented TAK-4® independent suspension system to deliver superior off-road mobility on Afghanistan’s challenging mountainous terrain and unimproved road networks.
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.
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, Oshkosh Truck Corp, Plasan, Services, logistics, production program
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.
Oshkosh Defense Unveils New Vehicles at AUSA Winter 2010 — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, development program
Oshkosh Defense Unveils New Vehicles at AUSA Winter 2010
OSHKOSH, Wis. — Feb. 24, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), is displaying two new tactical wheeled vehicles in Fort Lauderdale, Fla., today through Friday (Feb. 24-26) at the annual Association of United States Army (AUSA) Winter Symposium and Exposition. Two new variants of the MRAP All-Terrain Vehicle (M-ATV) are making their debut at the event, as is – for the first time in the Oshkosh booth – an Oshkosh truck from the U.S. Army’s Family of Medium Tactical Vehicles (FMTV).
“This AUSA event is a great opportunity for Oshkosh Defense to demonstrate our support for the U.S. Army and showcase our newest offerings to military personnel across all ranks,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “The face-to-face conversations taking place at this show allow us to gather important feedback and information, which we use to continually improve our military vehicles.”
The new utility and ambulance M-ATV variants on display at AUSA offer new capabilities and mission profiles while maintaining the durable, best-in-class mobility and superior crew protection of the original M-ATV offering. Utility and ambulance M-ATVs were developed to allow military operations to provide critical casualty care and resupply services in unforgiving landscapes where tactical missions must operate. The M-ATV has provided superior off-road mobility for harsh mountainous terrain and unimproved road networks in places like Afghanistan. To date, the company has received orders valued at more than $4.74 billion to supply 8,079 M-ATVs, spare parts kits and in-theater aftermarket support.
Oshkosh also is displaying a vehicle from the company’s newest truck fleet, the Army’s FMTV. The Army awarded Oshkosh with the FTMV competitive rebuy contract on Aug. 26, 2009, which was sustained by the Army on Feb. 12 following a GAO directed review. The FMTV is a series of vehicles consisting of up to 23 variants and 17 different models, ranging from 2.5-ton to 5-ton payloads. Oshkosh now has a five-year, firm fixed-price requirements contract for the production of up to 23,000 vehicles and trailers, as well as support services and engineering. Oshkosh is currently working on an initial FMTV delivery order valued at $280.9 million for the production and delivery of 2,568 trucks and trailers. Oshkosh already produces the Army’s Family of Heavy Tactical Vehicles (FHTV).
Additionally a custom-painted, Army-themed Harley Davidson® Fat Boy® motorcycle, one of two grand prizes in the “Rumble With a Cause” sweepstakes benefiting the Armed Forces Foundation (AFF), will be on display at the Oshkosh booth. With the support of Oshkosh, the AFF launched the Rumble With a Cause sweepstakes in October 2009. AFF employees will be on site at AUSA to collect donations and sweepstakes entries. The campaign has a goal of raising $150,000 for AFF to aid delivery of a wide range of assistance and services to active and retired military members and their families, including counseling, living expenses, funeral arrangements, housing improvements and career counseling. The sweepstakes closes on April 15. Entries may also be made online at www.rumblewithacause.org.
NO DONATION OR PURCHASE IS NECESSARY TO ENTER. Individuals will receive one entry for each $10 donation made up to a total of $200 or 20 entries. All rules, including instructions for entry without donation and eligibility requirements, are on the sweepstakes Web site.
Photo Caption: Oshkosh Defense developed utility and ambulance M-ATVs were to allow military operations to provide critical casualty care and resupply services in unforgiving landscapes where tactical missions must operate.
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 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 $13 Million Delivery Order to Supply HEMTT A4s to Army Reserve — Press Release
Filed under: Companies, Events, Oshkosh Truck Corp, Press Releases
Oshkosh Defense Receives $13 Million Delivery Order to Supply HEMTT A4s to Army Reserve
OSHKOSH, Wis. — Feb. 22, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded a delivery order valued at more than $13 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply more than 35 next-generation Heavy Expanded Mobility Tactical Trucks (HEMTT) to the Army Reserve. The variants included in the order include M984A4 wreckers and M1120A4 load handling systems (LHS). Production is expected to begin in September 2010 and be completed in June 2011. The order was issued under the Army’s Family of Heavy Tactical Vehicles (FHTV) III contract.
The Oshkosh® HEMTT’s 13-ton payload and off-road capabilities make this vehicle the backbone of the U.S. Army’s logistics fleet. HEMTT A4 improvements include: a more powerful drivetrain; improved suspension; a fully air-conditioned and armor-ready cab; and other structural changes to make in-the-field installation of add-on armor quicker and easier. The HEMTT A4 is built with maximum common parts across its variants.
Oshkosh has produced more than 70,000 military-class vehicles at its facilities, including more than 30,000 FHTVs. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this FHTV order and other vehicle orders for all Army and Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and 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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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.
Oshkosh Defense Awarded $24 Million for M-ATV Upgrade Kits — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $24 Million for M-ATV Upgrade Kits
OSHKOSH, Wis. — Feb. 18, 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.
# # #
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.
U.S. Army AFFIRMS FMTV Contract AWARD to Oshkosh Corporation — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
U.S. Army AFFIRMS FMTV Contract AWARD to Oshkosh Corporation
OSHKOSH, Wis. — Feb. 12, 2010 — Oshkosh Corporation (NYSE:OSK) today announced the U.S. Army has affirmed the contract award to the Company, originally received on Aug. 26, 2009, to produce the Family of Medium Tactical Vehicles (FMTV).
The bids of all three competitors for the FMTV program were re-evaluated by the U.S. Army in response to recommendations made by the Government Accountability Office (GAO) following a review of competitors’ protests of the original contract award to the Company. The Army undertook an exhaustive review during this FMTV bidding process and applied fairness and rigor to its decision. Upon completion of a thorough, in-depth re-evaluation, the Army determined the contract would remain with Oshkosh. Additionally, the Army canceled the September 4, 2009, stop-work order it had issued pursuant to the GAO’s protest procedures. The Oshkosh contract allows the Army and U.S. taxpayers to begin realizing significant cost savings for the FMTV program.
“We are very pleased the Army affirmed its original decision that Oshkosh Corporation’s FMTV bid clearly represents the best overall value for the Army, the taxpayers and the Warfighter,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “Oshkosh Corporation, our employees and our suppliers stand ready to serve our customer, and we are delighted that the Army has yet again concluded that Oshkosh was the right choice. Our focus has always been on the Warfighter and making sure we deliver high-quality, high-performing vehicles on time.”
The FMTV rebuy program is a five-year, firm fixed-price requirements contract for the production of up to 23,000 vehicles and trailers, as well as support services and engineering. Oshkosh received the contract from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) with an initial delivery order valued at $280.9 million for the production and delivery of 2,568 trucks and trailers.
The FMTV is a series of vehicles consisting of up to 23 variants and 17 different models, ranging from 2.5-ton to 5-ton payloads. Oshkosh already produces the Army’s Family of Heavy Tactical Vehicles (FHTV) and works with nearly every one of the FMTV current component suppliers across the country as integral partners in other military programs.
Oshkosh is the only current manufacturer of both medium and heavy tactical wheeled vehicles in the U.S. defense industry, having produced more than 70,000 military-class vehicles in its manufacturing facilities. Oshkosh’s manufacturing facilities have ample production capacity for all current and pending military vehicle programs, including the FMTV and the MRAP All Terrain Vehicle (M-ATV), as well as any surges in production. The company’s advanced and integrated assembly line facilities allow for the simultaneous production of several different vehicle models and variations. Oshkosh Corporation’s proven production capabilities were recently recognized by the National Center for Advanced Technologies (NCAT), which awarded Oshkosh with a 2009 Defense Manufacturing Excellence Award for its M-ATV launch team, which has exceeded delivery requirements for seven consecutive months.
Oshkosh Defense Awarded $5 Million FHTV Delivery Order — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $5 Million FHTV Delivery Order
OSHKOSH, Wis. — Feb. 11, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded a delivery order valued at more than $5 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to produce more than 15 next-generation Heavy Expanded Mobility Tactical Trucks (HEMTT). The order was issued under the Army’s Family of Heavy Tactical Vehicles (FHTV) III contract.
The variants included in the order are M985A4 guided missile transporters (GMT), as well as M977A4 electrical power plant (EPP) and large repair parts transporter (LRPT) cargo trucks. Production is expected to begin in July 2010 and be completed in September 2010. The GMT variant is designed to deliver and load four guided missiles to the launcher using an integrated crane. The EPP cargo truck includes a chassis-mounted electrical power plant, and the LRPT cargo truck is used to store or transport heavy repair parts.
The Oshkosh® HEMTT’s 13-ton payload and off-road capabilities make this vehicle the backbone of the U.S. Army’s logistics fleet. HEMTT A4 improvements include: a more powerful drivetrain; improved suspension; a fully air-conditioned and armor-ready cab; and other structural changes to make in-the-field installation of add-on armor quicker and easier. The HEMTT A4 is built with maximum common parts across its variants.
Oshkosh has produced more than 70,000 military-class vehicles at its facilities, including more than 30,000 FHTVs. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this FHTV order and other vehicle orders for all Army and Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and 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 $158 Million Order for U.S. Marine Corps Heavy Fleet — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Receives $158 Million Order for U.S. Marine Corps Heavy Fleet
OSHKOSH, Wis. — Feb. 10, 2010 — Oshkosh Corporation (NYSE:OSK) today announced that its Defense Division received a delivery order to an existing contract valued at more than $158 million from the U.S. Marine Corps Systems Command (MARCORSYSCOM) for more than 400 Logistics Vehicle System Replacements (LVSR). The order brings the total number of LVSRs under contract to nearly 1,300. With this latest order, LVSR production and delivery is extended into July 2011. More than 385 MKR18 cargo variants will be produced under the order. The remaining variants will be MKR16 tractors.
“The Oshkosh® LVSR is among the world’s most advanced logistics platforms and offers the U.S. Marine Corps a technologically sophisticated, heavy-payload vehicle to answer the call in even the most arduous conditions,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “The vehicle’s off-road capabilities only make it more versatile when transporting heavy equipment, fuel and other supplies to the front line.”
The Oshkosh LVSR vehicle is equipped with the Oshkosh Command Zone™ embedded diagnostics system and the company’s patented TAK-4® independent suspension system for superior off-road mobility in the most severe environments. The LVSR comes in three variants – cargo, wrecker and fifth-wheel – and features an on-road payload capacity of 22.5 tons and an off-road payload capacity of 16.5 tons. The first LVSRs started arriving in Afghanistan in September 2009.
Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this order and vehicles for all other Marine Corps and Defense programs, including the MRAP All-Terrain Vehicle (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.
# # #
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 the required increase in the 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 credit crisis; 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, including the outcome of the formal protests of the Family of Medium Tactical Vehicles (FMTV) award to the Company; risks related to reductions in government expenditures and the uncertainty of government contracts; 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.
Photo courtesy of Oshkosh Corporation.
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.
Rumor Of New MRAP Contracts For Afghanistan May Bouy Navistar
Filed under: BAE Systems, Business Line, Companies, Department of Defense, Events, Force Protection, Navistar, Oshkosh Truck Corp, Services, logistics, production program
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 Defense Awarded $21 Million Delivery Order for Recapitalized HEMTT A4s — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $21 Million Delivery Order for Recapitalized HEMTT A4s
OSHKOSH, Wis. — Jan. 28, 2010 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded a delivery order valued at more than $21 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to produce more than 60 recapitalized next-generation Heavy Expanded Mobility Tactical Trucks (HEMTT) A4. The order, which also includes the delivery of components and engines, is for the M984 HEMTT A4 wrecker variant. Production is expected to begin in January 2011 and be completed in April 2011. The order was issued under the Army’s Family of Heavy Tactical Vehicles (FHTV) III contract.
Through the Oshkosh Defense remanufacturing and recapitalization services, heavily used vehicles are returned to Oshkosh, stripped to their frame rails, completely rebuilt to like-new condition and upgraded to the new A4 configuration. Recapitalized vehicles are considered to have zero miles and zero hours, and offer a significant cost savings compared to new vehicles. These vehicles are put through the same road tests, performance tests and inspection procedures as new vehicles before being delivered with the same bumper-to-bumper warranty provided for new HEMTTs.
The Oshkosh® HEMTT’s 13-ton payload and off-road capabilities make this vehicle the backbone of the U.S. Army’s logistics fleet. HEMTT A4 improvements include: a more powerful drivetrain; improved suspension; a fully air-conditioned and armor-ready cab; and other structural changes to make in-the-field installation of add-on armor quicker and easier. The HEMTT A4 is built with maximum common parts across its variants.
Oshkosh has produced more than 70,000 military-class vehicles at its facilities, including more than 30,000 FHTVs. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this FHTV order and other vehicle orders for all Army and Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and 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 Receives Orders Valued at $325 Million for M-ATV Parts, Repair Kits — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Corporation Receives Orders Valued at $325 Million for M-ATV Parts, Repair Kits
OSHKOSH, Wis. — Jan. 25, 2010 — Oshkosh Corporation (NYSE:OSK) today announced its Defense division received two delivery orders valued at more than $325 million from the U.S. Army Tank- automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply spare parts and repair kits for the MRAP All-Terrain Vehicle (M-ATV).
Timing for the delivery orders is expected to begin in August 2010 and be completed by the end of January 2011. To date, Oshkosh has received awards valued at more than $3.9 billion to deliver 6,619 M-ATVs, as well as spare kits and aftermarket in-theater support.
“These M-ATV spare parts and repair kits are being produced to ensure they are available to our Armed Forces as operations require,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “We have a continued commitment to our Warfighters to keep a robust aftermarket parts support program running parallel to the needs in the field.”
Oshkosh Defense provides the complete spectrum of service and support for the M-ATV fleet in the Afghan theater. The company already has field service representatives (FSR) to support the M-ATV program in-theater. Building on its experience from Operation Iraqi Freedom, Oshkosh FSRs can operate service facilities on any of the forward operating bases that might require training and more support than internal assets can provide.
Existing Oshkosh manufacturing facilities have available production manufacturing capability to deliver these M-ATV orders and vehicles for all other Defense programs, including the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as any surges in production. The company has exceeded the accelerated vehicle delivery schedule every month since being awarded the M-ATV contract on June 30, 2009.
Using the Oshkosh-patented TAK-4® independent suspension system, the M-ATV features a 70-percent off-road profile capability and 16 inches of independent wheel travel to deliver the superior off-road mobility that is needed for Afghanistan’s mountainous terrain and unimproved roads. The TAK-4 system is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan and has undergone more than 500,000 miles of government testing.
Oshkosh 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.
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 Four Awards Valued at $89 Million for M-ATV and FHTV Parts — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Receives Four Awards Valued at $89 Million for M-ATV and FHTV Parts
OSHKOSH, Wis. — Jan. 21, 2010 — Oshkosh Corporation (NYSE:OSK) announced today that its Defense division received four awards valued at more than $89 million from the Defense Logistics Agency (DLA) to supply parts for the MRAP All Terrain Vehicle (M-ATV), Heavy Equipment Transporter (HET) and Heavy Expanded Mobility Tactical Truck (HEMTT).
Under two delivery orders with the DLA, Oshkosh will supply M-ATV spare parts, including engines, transmissions, transfer cases and alternators. Work under the orders is expected to be completed by October 2010. Under two other delivery orders with the DLA, Oshkosh will supply 2,400 axle assemblies for the HEMTT A2 and A4 models and more than 430 engines for the HET. Work under these orders is expected to be completed by December 2010.
Oshkosh is providing the M-ATV’s spare parts to the DLA to be used as in-the-field replacements after the original vehicle parts have been consumed. These parts will ship without delay to maintain optimal readiness rates for existing vehicles in theater. To date, Oshkosh has received awards valued at more than $3.6 billion to deliver 6,619 M-ATVs, as well as spare kits and aftermarket in-theater support.
Existing Oshkosh facilities have the capacity, highly skilled workforce and proven manufacturing capability to deliver these spare parts and all other Defense program orders, including the Family of Medium Tactical Vehicles (FMTV), as well as any surges in production.
The M-ATV features the Oshkosh-patented TAK-4® independent suspension system to provide superior mobility on Afghanistan’s harsh off-road terrain and unimproved roads. Oshkosh teamed with Plasan North America to provide an advanced armor solution for the vehicle. 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.
A 13-ton payload and off-road capabilities make the Oshkosh® HEMTT the backbone of the U.S. Army’s logistics fleet. Improvements to the HEMTT A4 include: a more powerful drivetrain; improved suspension; a fully air-conditioned and armor-ready cab; and other structural changes to make in-field installation of add-on armor quicker and easier. The HEMTT A4 is built with maximum common parts across its variants.
The Oshkosh HET is designed to rapidly transport battle tanks, fighting and recovery vehicles, armored vehicles and construction equipment, as well as their crews, so they arrive in mission-ready condition. The latest Oshkosh HET A1 configuration includes increased horsepower, higher-capacity front suspension, an armor-ready cab, electrical upgrades and improved diagnostics.
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 Delivery Orders of $31 Million for U.S. Marine Corps Medium Fleet — Press Release
Filed under: Business Line, Companies, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Receives Delivery Orders of $31 Million for U.S. Marine Corps Medium Fleet
OSHKOSH, Wis. — Jan. 8, 2010 — Oshkosh Corporation (NYSE: OSK) today announced that its Defense division has received two delivery orders valued at $31.5 million from Marine Corps Systems Command (MARCORSYSCOM) to install armor kits on 300 vehicles and manufacture more than 90 Medium Tactical Vehicle Replacements (MTVR) for the U.S. Marine Corps.
Oshkosh Defense will supply the Marine Corps with primarily the cargo variant of the vehicle as well as a few tractors, wreckers and dump variants of the MTVR. Production at the company’s Oshkosh, Wis. facilities will be completed by September 2010. Installation of the MTVR armor kits will be finished at two of the company’s regional service centers in Jacksonville, N.C., and Oceanside, Calif.
The Oshkosh MTVR is an all-terrain, multipurpose logistics vehicle used by the Marines and Navy Seabees. The MTVR uses the Oshkosh® TAK-4® independent suspension system, which has undergone more than 500,000 miles of government testing to achieve superior off-road mobility. Featuring an off-road 7.1-ton payload capacity and an on-road 15-ton payload capacity, the MTVR comes in several variants for the transportation of troops, materials or equipment. Oshkosh has supplied the Marines and Seabees with more than 10,000 MTVRs, which have been successfully operating in off-road missions in Iraq, Afghanistan and around the world.
Oshkosh has produced more than 70,000 military-class vehicles at its facilities. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this medium truck order and vehicles for other Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and the U.S. Army’s Family of Medium Tactical Vehicles (FMTV), as well as the capability to meet any surges in production if needed.
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.
Boeing Laser Demonstrator Program Accepts Oshkosh Military Truck, Enters Fabrication Phase — Press Release
Filed under: Boeing, Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, development program, missile defense, production program
Boeing Laser Demonstrator Program Accepts Oshkosh Military Truck, Enters Fabrication Phase
HUNTSVILLE, Ala., Jan. 6, 2010 — Boeing [NYSE: BA] announced today that it has accepted the Oshkosh Defense military truck that will carry a Boeing-built laser beam control system for the U.S. Army’s High Energy Laser Technology Demonstrator (HEL TD) program.
Boeing received the Oshkosh Heavy Expanded Mobility Tactical Truck (HEMTT) on Dec. 17 at the Oshkosh facility in Oshkosh, Wis.
“This demonstration program has successfully transitioned from the design phase to the fabrication phase,” said Gary Fitzmire, vice president and program director of Boeing Missile Defense Systems’ Directed Energy Systems unit. “This transformational, solid-state laser weapon capability will provide speed-of-light, ultra-precision capability that will dramatically improve warfighters’ ability to counter rocket, artillery and mortar projectiles.”
The eight-wheel, 500-horsepower HEMTT A4, a widely used military tactical vehicle, will be shipped to Boeing’s facility in Huntsville this spring for integration with the laser’s rugged beam control system (BCS). The program has already begun receiving BCS components from suppliers.
“These hardware deliveries show that the program is making great progress and getting closer to demonstrating its revolutionary capability,” said Blaine Beardsley, Boeing HEL TD program manager.
The BCS will acquire, track and select an aimpoint on a target during the same time frame in which the system also will receive the laser beam from the laser device, reshape and align it, and focus it on the target. The system includes mirrors, high-speed processors and high-speed optical sensors.
HEL TD testing against real targets, but using a low-power surrogate for the high-energy laser, is scheduled for fiscal year 2011 at White Sands Missile Range, N.M. HEL TD is a cornerstone of the Army’s high-energy laser program and will support the transition to a full-fledged Army acquisition program.
Boeing is developing laser systems for a variety of U.S. Air Force, Army and Navy warfighter applications. Besides HEL TD, these systems include the Airborne Laser, Free Electron Laser and Tactical Relay Mirror System.
Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world’s largest space and defense businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32 billion business with 70,000 employees worldwide.
# # #
Contact:
Marc Selinger
Boeing Missile Defense Systems
703-872-4240
marc.selinger@boeing.com
Oshkosh Defense Awarded $5 Million LVSR Delivery Order — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $5 Million LVSR Delivery Order
OSHKOSH, Wis. — Dec. 23, 2009 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded a delivery order to an existing contract with the U.S. Marine Corps Systems Command (MARCORSYSCOM) for more than 10 Logistics Vehicle System Replacements (LVSR). The delivery order for the cargo variant of the vehicle is valued at more than $5 million and brings the total number of LVSRs under contract to 875.
Production and delivery of the LVSRs will be completed in October 2010, with all variants manufactured in the company’s Wisconsin facilities. Oshkosh delivered its requirement of nearly 40 LVSRs in November, and set a record production number for the program when it produced more than 40 in October.
With improved survivability, mobility and performance, the next-generation LVSR expands on the original Logistics Vehicle System (LVS) produced by Oshkosh Corporation in the early 1980s. The Oshkosh® LVSR is used by the U.S. Marine Corps for the on- and off-road transportation of heavy payloads, such as munitions, fuel, water and heavy equipment.
The Oshkosh LVSR vehicle is equipped with the Oshkosh Command Zone™ embedded diagnostics system and the company’s patented TAK-4® independent suspension system for superior off-road mobility in the most severe environments. The LVSR comes in three variants – cargo, wrecker and fifth-wheel – and features an on-road payload capacity of 22.5 tons and an off-road payload capacity of 16.5 tons.
Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this order and vehicles for all other Marine Corps and Defense programs, including the MRAP All Terrain Vehicle (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.
Photo courtesy of the Oshkosh Corporation
Oshkosh Defense Receives First HEMTT A4 LET Delivery Order — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
Oshkosh Defense Receives First HEMTT A4 LET Delivery Order
OSHKOSH, Wis. — Dec. 18, 2009 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has been awarded a $56 million delivery order from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply the Army with the first Light Equipment Transporters (LET), a variant of the next-generation Heavy Expanded Mobility Tactical Truck (HEMTT A4).
The delivery order calls for Oshkosh Defense to produce more than 200 M983 HEMTT A4 LETs. Production and delivery is expected to be completed in September 2010. The award brings the U.S. Army’s total Family of Heavy Tactical Vehicles (FHTV) contract to more than $3.2 billion. The FHTVIII contract was first awarded at the end of October 2008.
“The Oshkosh HEMTT A4 LET expands the capabilities of the U.S. Army’s logistics fleet with the transportation of various light equipment in challenging environments and as part of the Stryker Recovery System,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “The vehicle complements the other high-performance, heavy-payload HEMTT variants to keep operations on the move.”
The Oshkosh® HEMTT 13-ton payload and off-road capabilities make this vehicle the backbone of the U.S. Army’s logistics fleet. Improvements to the HEMTT A4 include: a more powerful drivetrain; improved suspension; a fully air-conditioned and armor-ready cab; and other structural changes to make installation of add-on armor in the field quicker and easier. The HEMTT A4 is built with maximum common parts across its variants.
Oshkosh has produced more than 70,000 military-class vehicles at its facilities, including more than 30,000 FHTVs. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this FHTV order and other vehicle orders for all Army and Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and 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®, 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.
GAO Decision affirms Major Army Conclusions Supporting Oshkosh FMTV Award; Denies Challenges to $440 Million Dollars in Savings And Nearly All Other Protestor Complaints — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, production program
GAO Decision affirms Major Army Conclusions Supporting Oshkosh FMTV Award; Denies Challenges to $440 Million Dollars in Savings And Nearly All Other Protestor Complaints
OSHKOSH, Wis. — Dec. 17, 2009 — The U.S. Army’s conclusion that Oshkosh Corporation (NYSE: OSK) proposed the lowest price and has the capability and experience to build the Family of Medium Tactical Vehicles (FMTV) was unchallenged by the Government Accountability Office’s (GAO) decision, released in redacted form today. The decision significantly expands on the GAO’s press release of December 14, 2009, regarding the protests against the U.S. Army’s award decision by BAE Systems and Navistar Defense.
The decision by the GAO upheld only two narrowly-defined aspects of the protests against the U.S. Army by the disappointed bidders, rejecting all of the numerous other protest grounds raised during the three-month protest process which covered virtually every aspect of the evaluation.
The GAO determined that the Army erred in evaluating one element of the broader production capability subfactor. To address this, the GAO recommended that the Army re-evaluate the offerors’ proposals as to this element and also determine whether there was any possible impact on a second element. These elements are just two of seven elements in the production subfactor of the capability evaluation factor, all of which receive less weight than price. The GAO provided no opinion as to whether the re-evaluation of these two elements would in fact change the award decision by the Army.
The Oshkosh proposed price is significantly lower than what the Government is currently paying the incumbent FMTV contractor and was revealed today to be nearly $440 million lower over the life of the contract than that proposed by incumbent BAE. Widely publicized protestor complaints relating to Oshkosh’s price, armored cab design, financial stability and manufacturing prowess all were denied by the GAO. The GAO stated in its decision, “With the exception of two areas, we find that the [Army’s] evaluation was reasonable.” Oshkosh Defense was awarded the contract on August 26, 2009.
“After a thorough acquisition process by the Army that began nearly seven months ago, followed by formal protests that took three months to resolve, we believe the Army will quickly and appropriately address the GAO’s recommendations,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “We believe that in its review, the Army will find that Oshkosh Corporation was and continues to be the correct choice for the FMTV contract, providing proven capability and the best value to the Army and the taxpayer.”
As the GAO’s decision reaffirms, Oshkosh was awarded the contract because the company bid the FMTV at a very competitive price while receiving excellent evaluations for meeting vehicle production and delivery requirements, including any possible production surges that might be required by the Army.
The U.S. Army has 60 days from December 14, 2009 to act on the GAO’s recommendations and report its findings.
“Oshkosh plans to build the FMTV and meet all of the Army’s objectives while saving hundreds of millions of taxpayer dollars that the Army can use for other pressing requirements,” Bohn said. “And we will do this without impacting our other existing or proposed military vehicle contract programs.”
Bohn added, “It is important to realize the GAO’s decision did not recommend that the proposals be recompeted or revised, nor did it recommend termination of our contract. We believe that the redacted decision issued today further supports our assessment that Oshkosh is in a strong position to retain the contract when the two narrow issues on which the protests were upheld are reconsidered.”
Oshkosh remains the only current manufacturer of both medium and heavy tactical wheeled vehicles in the U.S. defense industry, having produced more than 70,000 military-class vehicles in its manufacturing facilities. Oshkosh Corporation’s proven production capabilities were recently recognized by the National Center for Advanced Technologies (NCAT), which awarded Oshkosh with a 2009 Defense Manufacturing Excellence Award for its M-ATV launch team, which has exceeded delivery requirements for every month since the contract award on June 30, 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.
# # #
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 the required increase in the 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 credit crisis; 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, including the outcome of the formal protests of the Family of Medium Tactical Vehicles (FMTV) award to the Company; risks related to reductions in government expenditures and the uncertainty of government contracts; 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.
Oshkosh Defense Awarded $63 Million Delivery Order for PLS Trailers — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, logistics, production program
Oshkosh Defense Awarded $63 Million Delivery Order for PLS Trailers
OSHKOSH, Wis. — Dec. 16, 2009 — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), has received an order valued at more than $63 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply more than 1,150 Palletized Load System (PLS) trailers. Production of these trailers is expected to be completed in June 2011. The order was issued under the U.S. Army’s Family of Heavy Tactical Vehicles (FHTV) contract.
Built to load and unload a variety of cargo, the Oshkosh® PLS is designed to meet the U.S. Army’s distribution and resupply needs in even the most challenging military missions. The PLS truck and trailer form a self-contained system that reduces the need for forklifts or other material-handling equipment. Additionally, they both carry a demountable cargo bed, also known as a flatrack that features a 16.5-ton payload capacity.
Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this FHTV order and vehicles for all other Army and Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and 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 Believes the Army’s FMTV Award Decision Will Be Maintained — Press Release
Filed under: Business Line, Companies, Events, Oshkosh Truck Corp, Press Releases, Protest, production program
Oshkosh Corporation Believes the Army’s FMTV Award Decision Will Be Maintained
OSHKOSH, Wis. — Dec. 14, 2009 — Oshkosh Corporation (NYSE:OSK) today announced it was informed by the Government Accountability Office (GAO) of its decision regarding the protest of the Family of Medium Tactical Vehicles (FMTV) contract, awarded to Oshkosh on August 26. The majority of the protesters’ claims were denied, including challenges to the evaluation of the Oshkosh Corporation price.
“At Oshkosh, we appreciate the GAO’s thorough review and welcome the Army’s re-evaluation of the two narrow issues recommended for reconsideration. We believe that our FMTV offer was, and continues to be, the best value for the U.S. Army, our troops and the U.S. taxpayer,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “It is important to realize that today’s decision did not recommend proposal revisions nor did it recommend termination of our contract.”
Bohn added, “We believe that when these narrow issues are reconsidered, the Army’s decision to award Oshkosh Corporation the FMTV contract will be maintained.”
Oshkosh Corporation will continue to lean forward on the FMTV program, including preparation for the construction of a new 150,000-square-foot electrocoat (E-Coat) paint facility at its Oshkosh, Wis., campus in support of FMTV production and possibly other Oshkosh vehicle programs.
Oshkosh remains the only current manufacturer of both medium and heavy tactical wheeled vehicles in the U.S. defense industry, having produced more than 70,000 military-class vehicles in its manufacturing facilities. Oshkosh Corporation’s proven production capabilities were recently recognized by the National Center for Advanced Technologies (NCAT), which awarded Oshkosh with a 2009 Defense Manufacturing Excellence Award for its M-ATV launch team, which has exceeded delivery requirements for every month since the contract award on June 30, 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®, 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.
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.
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- National Guard (In Federal Status) And Reserve Activated as of March 16, 2010
- Contracts for March 17, 2010
- India, the New Land of Opportunity for Defense Contractors
- Sage [Grouse] Decision: Why the Feds Refused to Flip the Bird at Power Players
- Today in the Department of Defense, Wednesday, March 17, 2010
- DOD CONTRACTS for March 16, 2010
- US Navy Flag Officer Announcement
- USAF General Officer Announcement (REPOSTED)
- DOD Senior Executive Service Appointments and Reassignments
- Contracts for March 16, 2010
- Northrop Grumman Delivers 500th Directional Infrared Countermeasures System
- Lockheed Martin Awarded Task Order for Continued Production of Symphony IED Jammer Systems
- General Dynamics Advanced Information Systems Awarded $31 Million Navy F/A-18 Mission Computer Contract
- Lockheed’s JSF is Overdue, Over Budget – and Too Big to Fail
- Norad Flight Exercise Planned For Washington, D.C.
- Deputy Commanding General (Support) to Brief Live from Iraq
- Contracts for March 15, 2010
- Krauss-Maffei Wegmann (KMW) Pinpoint Protection for Afghanistan
- Marinette Marine Facility Expansion to Enhance Lockheed Martin’s Littoral Combat Ship Program
- FI Report: Near-Term Growth Expected in Medium/Heavy Military Rotorcraft Market
- General Dynamics Itronix Launches New GDAssure(TM) Program that Certifies Customer Computer Systems Prior to Installation
- Lockheed Martin Delivers Innovative Full-Motion Video Intelligence System to USJFCOM
- General Officer Announcement
- USAF General Officer Assignments
- USMC Flag Officer Announcement
- Christopher Gregoire Named Lockheed Martin Vice President and Controller
- DOD CONTRACTS for March 15, 2010
- Today in the Department of Defense, Tuesday, March 16, 2010
- Now Reports That EADS May Bid After All
- General Dynamics Awarded $9 Million Contract for U.S. Army Medical Command Lean Six Sigma Support
- Lockheed Martin Delivers 1,000th Vertical Launch ASROC Missile
- Raytheon’s Excalibur Ib Demonstrates Accuracy During First Guided-Flight Tests
- James Webb Space Telescope Core Completes Thermal Testing
- Sniper ATP Demonstrates Enhanced ISR Capability at Empire Challenge
- CNO Announces Flag Officer Assignments
- DOD CONTRACTS for March 12, 2010
- DOD News Briefing with Ashton Carter from the Pentagon
- Northrop Grumman Holds 3rd Annual International CEESIM Users’ Conference in the United Kingdom
- Lockheed Martin Awarded $23 Million for Production of JASSM-Extended Range Test Missiles
- Northrop Grumman Delivers Upgraded U.S. Navy Targets
- U.S. Army Receives First Lockheed Martin EQ-36 Counterfire Target Acquisition Radar System
- Manufacturing of Northrop Grumman’s First Low-Rate Initial Production E-2D Advanced Hawkeye Begins
- Raytheon and National Geospatial-Intelligence Agency Improve Flow of Commercial Imagery to Analysts and Warfighters
- Lockheed Martin Receives $60 Million Worldwide LANTIRN Depot Award
- General Dynamics Awarded Department of Homeland Security National Communications System Contract
- Northrop Grumman Plays Major Role in NASA’s Development of Alternate Astronaut Escape System
- Government of Canada Names General Dynamics Land Systems-Canada as Prime Contractor for LAV III Upgrade Program
- Northrop Grumman’s Second E-2D Advanced Hawkeye Enters Next Phase of Flight Testing
- Optex Systems Receives $3.4 Million Purchase Order from General Dynamics Land Systems
- Raytheon Completes Critical Milestone for Mobile X-band Radar System
- General Dynamics Awarded $22 Million by U.S. Navy for Repair Work on USS Hartford
- Military Base Realignments and Closures: DOD Needs to Update Savings Estimates and Continue to Address Challenges in Consolidating Supply-Related Functions at Depot Maintenance Locations. GAO-09-703, July 9
- House Armed Services Committee: schedule for the week of July 13 –17, 2009
- GAO Report: Overseas Contingency Operations: Reported Obligations for the Department of Defense. GAO-09-791R
- Raytheon’s AESA Radar for Boeing F-15E Receives New Designation
- Northrop Grumman Successfully Demonstrates Capabilities of LITENING Targeting System on U.S. Navy F/A-18E/F
- Raytheon’s GBU-53/B Small Diameter Bomb II Completes Risk Reduction
- Hawker Beechcraft, Lockheed Martin Team to Compete for U.S. Air Force Light Attack and Armed Reconnaissance Aircraft
- Lockheed Martin C-5M Super Galaxy Sets World Aviation Records
- Northrop Grumman Advanced Composite Mate Joint Passes Stringent Tests for NASA’s Composite Crew Module Demonstration Program
- Lockheed Martin Team Passes Critical Design Review for Solar Ultraviolet Imager for GOES-R Satellite Series
- UK Awards Javelin Joint Venture $176 Million for Javelin Missile Rounds
- Contracts for March 12, 2010
- Lawsuit Successfully Defends Contract Against Inroads of In-Sourcing
- Two Helicopter Programs Start Over
- 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
- US Army: General Officer Announcement
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