U.S. Air Force Orders 36 Oshkosh Airport Products Group Vehicles
OSHKOSH, WIS. (September 3, 2009) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE: OSK), today announced an order from the U.S. Air Force, through the Defense Supply Center Philadelphia (DSCP), for eight Striker® 3000 and seven Striker 1500 Aircraft Rescue and Fire Fighting (ARFF) vehicles. Additionally, the U. S. Air Force ordered 21 Oshkosh® H-Series™ snow blower vehicles. The 36 trucks will be deployed at U.S. Air Force bases throughout North America and across the globe beginning in January 2010. The total value of the orders is $19.7 million.
“We are proud to provide the U. S. Air Force with these technologically advanced, easy-to-operate and highly reliable Oshkosh snow removal trucks and Oshkosh ARFF vehicles to meet their emergency response needs,” said Tim Raupp, Oshkosh Corporation Airport Products Group president. “We have a proven track record of delivering outstanding vehicles, training and support to airports of all types. These noteworthy orders from the U.S. Air Force are a testament to our quality products and the people who stand behind them.”
The Oshkosh Striker offers an all-wheel-drive axle configuration and proprietary technologies such as TAK-4® independent suspension for enhanced maneuverability and reliability.
The Oshkosh Striker is among the most popular ARFF vehicles in the world. Its flexible design has garnered the vehicle overwhelming respect among a growing list of users, including Chicago O’Hare and Midway International, Dubai International, Montreal Pierre Elliot Trudeau International, Jose Maria Cordova International in Colombia, Hartsfield-Jackson Atlanta International and Beijing Capital International.
The Oshkosh high-speed blower features a 470 hp chassis engine and a 700 hp dedicated blower engine that can throw as much as 5,000 tons (4,534 metric tons) of snow per hour. The blower’s unique hydrostatic-drive ribbon is driven independently from the impeller, allowing it to more effectively handle variable snow conditions.
Other notable features found on the Oshkosh H-Series chassis include: all-wheel drive and proprietary ALL STEER® electronic all-wheel steering for unmatched maneuverability; safety interlocks with an emergency stop feature for attachments; Command Zone™ electronic LCD dash pod for at-a-glance operator information; a large, sound insulated cab with two full-sized seats to accommodate a supervisor / training officer; and a panoramic view, large windshield with no corner posts.
About Oshkosh Airport Products The Oshkosh Airport Group, a division of Oshkosh Corporation, is a designer and builder of industry-leading airport firefighting and snow removal vehicles. Its flagship Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicles and Oshkosh® H-Series™ snow removal chassis are known for their durability and superior performance and sold throughout the world. For more information, visit www.oshkoshairport.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®, Medtec®, Jerr-Dan®, BAI™, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON- E-CO®, London® and IMT®. The Oshkosh brands 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 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 collectability 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.
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