Oshkosh Defense Introduces SandCat Tactical Protector Vehicle in Latin America at LAAD 2011
OSHKOSH, Wis. (April 11, 2011) — Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), will showcase the SandCat Tactical Protector Vehicle (TPV) in Latin America for the first time at LAAD Defence & Security 2011, April 12-15 in Rio de Janeiro, Brazil. The SandCat TPV, part of Oshkosh’s light-payload vehicle portfolio, offers Latin American countries a protected, highly maneuverable vehicle for use in law enforcement, border patrol and security operations, among others.
“The SandCat TPV can provide security forces with swift mobility and optimal protection, whether used in combating crime in tightly confined urban areas or patrolling borders in remote, off-road landscapes,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “Our company has more than 90 years of experience designing, manufacturing and sustaining world-class vehicles for governments and militaries around the world, and we can capitalize on this experience to help meet security needs in Latin America. In our inaugural LAAD exhibit, we are pleased to showcase the Oshkosh SandCat TPV, a top-of-the-line vehicle built to defend passengers from dangerous threats in a wide range of environments.”
Oshkosh Defense uses a collaborative, integrated approach to meet customers’ needs, from vehicle design and production to training and aftermarket sustainment. The company has produced more than 85,000 military-class trucks and trailers, with vehicle payloads that cover the complete light-to-heavy spectrum. Oshkosh vehicles have been proven on severe off-road terrain and against a variety of modern threats, including use by militaries, special forces units and government agencies around the world. Oshkosh’s advanced technologies deliver capabilities such as extensive off-road mobility, exportable power, autonomous operation and integrated on-board diagnostics.
Oshkosh’s aftermarket solutions cover the complete spectrum of vehicle life-cycle support, including training services, instruction manuals, maintenance and repairs, parts supply, and fleet restoration services. Oshkosh Field Service Representatives (FSR) travel globally to ensure vehicles and personnel are at peak operational readiness. The company’s robust operator and maintenance training services provide systems-level expertise on the platforms and technologies they support, with classes offered at the Oshkosh Product Training Center, regional service centers around the world or in-theater. Additionally, Oshkosh’s parts-supply network is available 24/7 to provide instant access to spare and repair parts for all vehicle makes and models.
The SandCat TPV is part of the Oshkosh SandCat family of vehicles and can be configured to meet individual performance, protection and payload needs. The vehicle’s armor system can be customized based on the threat level and mission profile. Seating capacity can be adjusted to accommodate four to nine passengers. The vehicle also can be equipped with standard or customized storage, and is typically integrated with a wide array of weapons and communications systems. The SandCat TPV’s compact design, combined with an 18-inch vertical step capability and 42-foot curb-to-curb turning circle, enables mobility in both tight urban settings and rugged rural landscapes.
The SandCat family of vehicles also includes the base vehicle, Special Operations Vehicle (SOV) and Mine-Resistant Light Patrol Vehicle (M-LPV). These variants are based on the same lightweight, highly maneuverable platform for eased maintenance and repairs worldwide. Oshkosh has received orders for the SandCat from Mexico, Sweden, Bulgaria, Canada, Nigeria and Israel.
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 Corporation 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, visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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 impact on revenues and margins of the decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof, especially in an environment when the U.S. government is operating under a Continuing Resolution budget action; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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 obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
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