OSHKOSH, Wis. (July 14, 2010) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE:OSK), announced today it has received an order from the U.S. Air Force for 10 Oshkosh® H-Series™ runway plow and underbody scraper vehicles and 18 H-Series high-speed blower vehicles. The 28 units will be placed into service at various Air Force bases in the U.S., Japan and Korea beginning in November 2010 in time for winter weather. The total contract is valued at more than $12.3 million.
“The Oshkosh H-Series chassis, in its many configurations, continues to grow in popularity. For those who are tasked with keeping airport runways clear, Oshkosh Airport Snow Removal vehicles deliver unmatched performance in the most demanding situations,” said Jeff Resch, Oshkosh Corporation Airport Products Group vice president and general manager. “In addition, the H-Series has demonstrated an excellent track record for reliability, safety and durability – hallmarks of all Oshkosh Airport vehicles.”
The Oshkosh H-Series chassis features 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-size seats to accommodate a supervisor/training officer; and a large, panoramic-view windshield with no corner posts.
The 10 H-Series plow vehicles each feature a 470 hp engine and a 50,000 lb. gross vehicle weight rating (GVWR). All are fitted with a 20-foot Oshkosh flared front plow, three-function underbody scraper and a 40-inch hustings hitch.
The 18 H-Series high-speed blower vehicles are equipped with a minimum 335 hp chassis engine and a powerful 700 hp dedicated blower engine that can throw as much as 3,000 tons of snow per hour a distance of up to 150 feet. The unique hydrostatic-drive ribbon is independently driven from the impeller, allowing it to more effectively handle variable snow conditions. Each vehicle also features abrasion resistant skid pads, a steel cutting edge and spot casting/loading chute and chute controls.
All 28 H-Series vehicles are built to Air Force Base configuration to provide for parts commonality and standardized operator training.
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 new Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicle 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®, 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, 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 planned decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, 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 procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company’s Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; 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 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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