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OSHKOSH, WIS. (December 17, 2014) – The Australian Defense Force (ADF) has selected Oshkosh Airport Products, LLC, an Oshkosh Corporation (NYSE:OSK) company, to deliver its new fleet of aircraft transportable Aircraft Rescue and Fire Fighting (ARFF) vehicles. The Oshkosh® Striker® AT/XC will be the ADF’s first-response vehicle in aircraft fire emergencies at military bases and expeditionary airfields. This next-generation vehicle will provide more advanced on-road and off-road firefighting capabilities to the Royal Australian Air Force and Army and will replace their current fleet of ARFF vehicles.
“This contract is an important milestone that represents a tremendous effort by many teams within Oshkosh Corporation,” said Jeff Resch, Oshkosh Airport Products vice president and general manager. “By drawing upon the vast resources within Oshkosh, and leveraging existing technologies and expertise, we are providing the Australian Defense Forces with a state-of-the-art ARFF vehicle with exceptional mobility and firefighting power that is backed by comprehensive parts and service support. We call this integrated approach One Oshkosh.”
The Oshkosh Striker AT/XC is based on the Oshkosh P-19R (the U.S. Marines ARFF vehicle of choice) and the technologically advanced Striker firefighting systems from Oshkosh Airport Products. The Oshkosh Striker AT/XC features Oshkosh TAK-4® independent suspension system to deliver exceptional mobility for off-runway response situations, and the Command Zone™ integrated diagnostics and automation system to increase the crew’s situational awareness and help them carry out firefighting missions.
Oshkosh Airport Products is the industry-leading ARFF vehicle producer, with vehicles in operation at more than 70 countries around the world. Oshkosh began manufacturing the MB-5 ARFF vehicle for the U.S. Navy in the 1960s as well as the military’s P-19 in the 1980s. Today, the Oshkosh Striker ARFF vehicle is used by the U.S. military and at airports around the world. Oshkosh developed its Striker ARFF models with input and feedback from firefighters to provide the wide range of safety, reliability and performance capabilities they need.
The Striker AT/XC ARFF vehicles support and sustainment contract was awarded to Oshkosh Airport Products Group by Australia’s Land Systems Division. Work will be performed by Oshkosh beginning in November 2014 and is expected to be completed by January 2017.
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) 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®, 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 strength of emerging market growth and projected adoption rates of work at height machinery; 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 and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment; the Company’s ability to win a U.S. JLTV production contract award and international defense contract awards; 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 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; 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 foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; cyber security 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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