AUSA Honors Oshkosh Corporation CEO With Prestigious John W. Dixon Award
OSHKOSH, Wis.--The Association for the United States Army (AUSA) today presented Oshkosh Corporation Chairman and Chief Executive Officer Robert G. Bohn with the distinguished John W. Dixon award at the AUSA 2009 Annual Meeting in Washington, D.C.
Bohn received the award for the company’s continuous contributions to the U.S. Armed Forces and defense industry.
“We at Oshkosh are grateful for the opportunity to serve our Armed Forces and understand the great responsibility that comes with that service,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “We take great pride in what we do and are mindful every day, in every level of our operations, that the military depends on our products to meet its demanding and ever-evolving challenges. We are also proud to have won the FMTV contract and look forward to delivering more great trucks for our brave Warfighter.”
Most recently, Bohn has made the urgently needed MRAP All-Terrain Vehicle (M-ATV) the top priority for Oshkosh Corporation. The Oshkosh® M-ATVs already are being delivered to Afghanistan, only three months after the initial contract award on June 30, 2009. The Oshkosh vehicle provides a highly mobile, well-protected solution for America’s men and women operating in Afghanistan’s demanding off-road terrain and unimproved roads. Additionally, Oshkosh worked with industry and government officials to begin supplying and equipping its patented Oshkosh TAK-4® independent suspension system on more than 2,400 legacy MRAPs in Afghanistan this year.
Several tactical wheeled vehicle programs have thrived under Bohn’s leadership: the U.S. Army Family of Heavy Tactical Vehicles (FHTV) includes the Heavy Expanded Mobility Tactical Truck (HEMTT), Heavy Equipment Transporter (HET), Palletized Load System (PLS); and the U.S. Marine Corps heavy and medium fleets: Medium Tactical Vehicle Replacement (MTVR) and Logistics Vehicle System Replacement (LVSR).
In addition, in 2008 both the national and Wisconsin Employer Support of the Guard and Reserve committees have recognized Oshkosh for its long-standing programs in place to support its National Guard and Reserve employees who are called to active duty.
Oshkosh Corporation has been an AUSA sustaining member since 1979. The company and its employees support eight local AUSA chapters in five states. Oshkosh also contributes financially to military members and their families through the Armed Forces Foundation, U.S. Army and Marine Corps association’s scholarship programs, III Corps scholarship fund, Army Ten Miler and the United Service Organization.
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.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the consequences of financial leverage associated with the JLG acquisition, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures and the uncertainty of government contracts; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; risks related to the collectibility of receivables during a recession, particularly for those businesses with exposure to construction markets; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.