Oshkosh Defense Awarded Additional 352 M-ATVs worth $189 Million
OSHKOSH, Wis. — Sept. 14 2009 — Oshkosh Corporation (NYSE:OSK) announced today it has received an additional $189 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to deliver an additional 352 MRAP All Terrain Vehicles (M-ATV) to the U.S. Armed Forces by March 2010. The award also includes aftermarket parts packages.
This is the third award under the delivery order first awarded in June 2009. To date, TACOM LCMC has ordered a total of 4,296 M-ATVs from Oshkosh. The aggregate amount of the three awards is valued at $2.3 billion.
“Oshkosh is committed to meeting our customer’s urgent need for this highly mobile vehicle and helping our Armed Forces serving in Afghanistan to better operate on the country’s challenging terrain,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. “We have delivered more than 100 M-ATVs through August, meeting our planned delivery requirements, and we continue to increase vehicle output at our manufacturing facilities to remain on schedule and meet our customer’s requirements.”
Oshkosh expects to meet the government’s accelerated delivery schedule without impacting other programs, with production ramping up to 1,000 vehicles a month in December, and continuing at that level through the end of March 2010. The company is leveraging its pre-contract M-ATV production and engineering efforts, robust manufacturing capabilities, a highly skilled workforce, and decades of experience in producing more than 67,000 military-class vehicles.
The Oshkosh® M-ATV’s superior mobility, which includes a 70 percent off-road profile capability, is achieved through the incorporation of the Oshkosh TAK-4® independent suspension system. The system is featured on more than 10,000 Medium Tactical Vehicle Replacements (MTVR) used by the U.S. Marine Corps and Navy Seabees, and is being retrofitted on more than 2,000 legacy MRAPs for improved mobility in Afghanistan. The TAK-4 system, which has undergone more than 400,000 miles of government testing, also is used on the Army’s next-generation Palletized Load System (PLS) and the Marine Corps’ Logistics Vehicle System Replacement (LVSR).
Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh Armored Cab MTVRs already in theater.
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.
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