Oshkosh provides the U.S. Army record-setting
quality while delivering significant cost savings
Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK)
company, will produce 256 Family of Medium Tactical Vehicles (FMTV)
trucks and trailers for the U.S. Army following a $67 million order
from the U.S. Army TACOM Life Cycle Management Command (LCMC).
Deliveries will occur from 2015 to 2016.
The 256 FMTVs ordered by the U.S. Army
will continue to support soldiers at home and abroad. (Photo:
Business Wire)
“The Oshkosh FMTV program exemplifies the quality and value that
we provide to our military customers,” said John Bryant, senior
vice president of defense programs at Oshkosh Defense. “Since the
day Oshkosh was awarded the FMTV program, we’ve applied our vehicle
expertise and operational efficiency to dramatically improve
quality – all while saving U.S. taxpayers more than $2 billion.
Today’s Oshkosh-produced FMTVs are supporting soldiers in
operations around the world with the more reliable equipment they
deserve.”
Oshkosh began producing FMTVs for the U.S. Army in 2010. Since
then, Oshkosh has delivered more than 22,000 trucks and 11,000
trailers. In 2012, amidst the sharp ramp up of monthly deliveries,
the U.S. Department of Defense recognized Oshkosh with the 2013
Value Engineering Achievement Award. Oshkosh earned the award in
the “Contractor” category for significantly improving product
quality and reliability, as well as reducing product and life cycle
costs.
The FMTV program supports the U.S. Army and National Guard at
home and abroad in tactical and combat operations, relief efforts,
and unit resupply missions. The vehicles feature crew-protecting
armor and advanced technologies to provide the capability,
versatility, mobility and protection to move troops and supplies,
recover vehicles and weapon systems, or haul equipment wherever the
mission requires. The FMTV is a series of 17 models and 23
configurations ranging from 2.5-ton to 10-ton payloads. Vehicles
have a parts commonality of more than 80 percent, resulting in
streamlined maintenance, training, sustainment and overall cost
efficiency.
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled
vehicles and life cycle sustainment services. For decades Oshkosh
has been mobilizing military and security forces around the globe
by offering a full portfolio of heavy, medium, light and highly
protected military vehicles to support our customers’ missions. In
addition, Oshkosh offers advanced technologies and vehicle
components such as TAK-4® independent suspension systems, TerraMax®
unmanned ground vehicle solutions, Command Zone™ integrated control
and diagnostics system, and ProPulse® diesel electric and on-board
vehicle power solutions, to provide our customers with a technical
edge as they fulfill their missions. Every Oshkosh vehicle is
backed by a team of defense industry experts and complete range of
sustainment and training services to optimize fleet readiness and
performance. Oshkosh Defense, LLC is an Oshkosh Corporation company
[NYSE: OSK].
To learn more about Oshkosh Defense, please visit us at
www.oshkoshdefense.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and
marketer of a broad range of specialty access equipment,
commercial, fire & emergency and military vehicles and vehicle
bodies. Oshkosh Corporation manufactures, distributes and services
products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®,
Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh
products are valued worldwide in businesses where high quality,
superior performance, rugged reliability and long-term value are
paramount. For more information, please visit
www.oshkoshcorporation.com.
®, TM All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this press release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the
negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control, which
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors include the cyclical nature of the Company’s access
equipment, commercial and fire & emergency markets, which are
particularly impacted by the strength of U.S. and European
economies; the strength of emerging market growth and projected
adoption rates of work at height machinery; the expected level and
timing of DoD and international defense customer procurement of
products and services and funding thereof; risks related to
reductions in government expenditures in light of U.S. defense
budget pressures, sequestration and an uncertain DoD tactical
wheeled vehicle strategy, including the Company’s ability to
successfully manage the cost reductions required as a result of
lower customer orders in the defense segment; the Company’s ability
to win a U.S. JLTV production contract award and international
defense contract awards; the Company’s ability to increase prices
to raise margins or offset higher input costs; increasing commodity
and other raw material costs, particularly in a sustained economic
recovery; risks related to facilities consolidation and alignment,
including the amounts of related costs and charges and that
anticipated cost savings may not be achieved; global economic
uncertainty, which could lead to additional impairment charges
related to many of the Company’s intangible assets and/or a slower
recovery in the Company’s cyclical businesses than Company or
equity market expectations; risks related to the collectability of
receivables, particularly for those businesses with exposure to
construction markets; the cost of any warranty campaigns related to
the Company’s products; risks related to production or shipment
delays arising from quality or production issues; risks associated
with international operations and sales, including foreign currency
fluctuations and compliance with the Foreign Corrupt Practices Act;
the Company’s ability to comply with complex laws and regulations
applicable to U.S. government contractors; the impact of severe
weather or natural disasters that may affect the Company, its
suppliers or its customers; cyber security risks and costs of
defending against, mitigating and responding to a data security
breach; and risks related to the Company’s ability to successfully
execute on its strategic road map and meet its long-term financial
goals. Additional information concerning these and other factors is
contained in the Company’s filings with the Securities and Exchange
Commission. All forward-looking statements speak only as of the
date of this press release. The Company assumes no obligation, and
disclaims any obligation, to update information contained in this
press release. Investors should be aware that the Company may not
update such information until the Company’s next quarterly earnings
conference call, if at all.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141218005117/en/
Oshkosh DefenseJennifer Christiansen, Vice President, Business
Development920-966-5635jchristiansen@defense.oshkoshcorp.com
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