Oshkosh Truck Receives $49.4 Million Contract to Remanufacture Defense Trucks Returning from War in Iraq

OSHKOSH, Wis.--Dec. 2, 20032, 2003--Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, announced today that the company has received a $49.4 million contract to remanufacture Oshkosh defense trucks and trailers that were deployed during Operation Iraqi Freedom. The contract was awarded by the U.S. Army Tank-Automotive and Armaments Command (TACOM) under supplemental funding provided by the President and Congress for the continued operation and "resetting" of the forces of Operation Iraqi Freedom.

Under the contract, Oshkosh will remanufacture Oshkosh(R) Heavy Expanded Mobility Tactical Trucks (HEMTT), Heavy Equipment Transporters (HET) and trailers, and Palletized Load System (PLS) trucks and trailers to "like new" condition. Each vehicle will feature new components, new technologies and a new "zero-hours / zero-miles" bumper-to-bumper warranty. The vehicles are scheduled to be returned to the U.S. Army by September 2004 for redeployment.

"We're proud that more than 6,500 of our trucks have served so well during the conflict in Iraq, demonstrating outstanding performance, reliability and durability under extreme, harsh conditions. Now, under this contract, Oshkosh's experienced defense team will revitalize some of these vehicles for a new tour of duty and extend their service life and value," said Robert G. Bohn, Oshkosh chairman, president and chief executive officer.

Oshkosh will give updated guidance for fiscal 2004 during its fiscal 2004 first quarter earnings conference call scheduled for January 22, 2004.

Oshkosh Truck Corporation is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(R), Geesink and Norba brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.9 billion in fiscal 2003.