JLTV Offers Next Generation Protection, Mobility to Support Future Marine Corps Missions

OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, will be displaying the newest member of the Marine Corps vehicle fleet, the Joint Light Tactical Vehicle (JLTV), at Modern Day Marine in Quantico, Va. September 22-24, 2015. The Oshkosh JLTV represents the next generation of light tactical vehicles with unmatched protection, off-road mobility, reliability and modularity – at an affordable cost.

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Oshkosh Defense Showcases JLTV at Modern Day Marine (Photo: Business Wire)

“Marines are a go anywhere, do anything force and they need a transportable vehicle that supports the most demanding missions and gets them back home safely,” said USMC Colonel John Bryant (Ret), senior vice president of defense programs for Oshkosh Defense. “The Oshkosh JLTV provides Marines with the protection of a light tank, the underbody protection of an MRAP, the network capability of a mobile command center and the off-road mobility of a Baja 1000 racer. Marines have never before had this much capability in a light vehicle.”

The JLTV program fills a critical capability gap for the U.S. Army and Marine Corps by replacing a large portion of the legacy HMMWV fleet with a light tactical vehicle with far superior protection and off-road mobility. The Oshkosh JLTV combines the latest in automotive technologies, the Oshkosh Core1080™ crew protection approach, and the Oshkosh TAK-4i™ intelligent independent suspension system to provide the world’s fastest, most protected light military vehicle. The Oshkosh JLTV proved, through extensive U.S. Government testing and evaluation, that it’s the most capable light vehicle on the planet.

What U.S. Marines can expect from their new Oshkosh JLTV:

• A vehicle 1/3 smaller and lighter than the M-ATV
• Off-road speeds 70 percent faster than today’s gold standard, the M-ATV
• A modular design that can be quickly and efficiently outfitted for a full range of missions
• Fully transportable by sea or air, such as a CH-53
• Network ready and VICTORY compliant
• Superior ride quality

Oshkosh has been a leading provider of tactical wheeled vehicles for the U.S. Marine Corps for nearly 60 years, including the M-ATV, LVSR, MTVR, P-19R, as well as Contractor Logistics Support programs. Oshkosh also has over a decade of experience developing TerraMax™ UGV (unmanned ground vehicle) technology for tactical vehicles, working with many leading academic and industry organizations to support development and evaluations for government agencies such as DARPA, the Naval Surface Warfare Center, the Marine Corps Warfighting Lab, TARDEC and the Office of Naval Research.

Oshkosh leadership will be available to discuss the company’s full portfolio of USMC vehicles, technologies and services at Modern Day Marine booth #2500.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions. In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4^® independent suspension systems, TerraMax^® unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse^® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions. Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance. Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

To learn more about Oshkosh Defense, please visit us at 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^®, Jerr-Dan^®, Frontline^™, 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, please visit www.oshkoshcorporation.com.

^{®, TM} 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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S. and European economies; the Company’s estimates of access equipment demand; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and purchased materials; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration, an uncertain DoD tactical wheeled vehicle strategy and uncertainties associated with government contracts; risks related to the JLTV production contract award that the Company recently received, including those associated with commencement of production under the contract; the Company’s ability to finalize international contracts for a significant quantity of M-ATVs, with sales beginning in fiscal 2016; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; global economic uncertainty, 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 Company or equity market expectations; projected adoption rates of work at height machinery in emerging markets; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; 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 or shipment delays arising from quality or production issues; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to a data security breach; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. 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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Oshkosh Defense
Jennifer Christiansen, Vice President, Business Development
920-966-5635
jchristiansen@defense.oshkoshcorp.com

Source: Oshkosh Defense, LLC