Oshkosh Defense Submits Vehicles for Australian Land 121 Phase 4

OSHKOSH, Wis.--Oshkosh Defense, a division of Oshkosh Corporation , has submitted its MRAP All Terrain Vehicle (M-ATV) and SandCat vehicle as part of two proposals with Plasan SASA, Ltd., and JLG Australia for the Australian Department of Defence’s (DoD) Land 121 “Overlander” Phase 4.

The Land 121 program’s Phase 4 involves the procurement of 1,300 Protected Mobility Vehicles-Light (PMV-L). The M-ATV, which Oshkosh Defense produces for the U.S. Armed Forces, is a well-protected and highly mobile combat vehicle. Using the Oshkosh^® TAK-4^® independent suspension system provides a 70 percent off-road mission profile capability on unimproved roads and rugged off-road terrain. The SandCat is a lightweight and versatile protected vehicle that features a durable modular armor system, which can be configured to meet a mission’s threat level and payload requirements. Oshkosh submitted the SandCat’s Transport variant for the program.

“Our M-ATV and SandCat offerings provide two separate but equally viable high-quality options for the Australian Defence Force,” said Andy Hove, Oshkosh Corporation executive vice president and president, Defense. “We have a successful history of working with Plasan to integrate state-of-the-art armor on our mission-proven vehicles. The manufacturing capabilities that our sister company JLG brings to the proposals will benefit the customer with in-country vehicle assembly and aftermarket service and support.”

Both the Oshkosh M-ATV and SandCat feature advanced armor systems developed by Plasan, a renowned designer and manufacturer of combat-proven armor solutions. Most of the armor will be produced in Australia. Plasan developed and produced the armor used on more than 5,000 Mine Resistant Armor Protected (MRAP) vehicles and thousands of Armored Cab Medium Tactical Vehicle Replacements (MTVR). JLG, a division of Oshkosh Corporation, would use its Australian facilities for vehicle assembly and to provide integrated logistics support for the program. The Oshkosh Defense global operations include service, repair and parts distribution, in addition to remanufacturing in theaters of operation.

The M-ATV was designed to successfully operate in the most challenged environments. Its superior mobility is achieved through the Oshkosh TAK-4 system, which has undergone more than 400,000 miles of testing with the U.S. military. The system is featured on more than 10,000 MTVRs used by the U.S. Marine Corps and Navy Seabees, and is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan. The U.S. government has ordered 5,219 M-ATVs to date to meet the urgent need in Afghanistan.

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 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.