OSHKOSH, WIS. (March 2, 2009) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE: OSK), today announced that it has received an order for 10 Striker® aircraft rescue and firefighting (ARFF) vehicles from Operadora de Aeropuertos Centro Norte (AIRPLAN), airport operators based in Medellin, Colombia. AIRPLAN ordered nine Striker 1500 vehicles and one Striker 3000 vehicle. The trucks will be delivered by November 2009 and stationed at airports throughout the country.
“The Striker is among the most advanced and responsive vehicles of its type in the world and will provide the ultimate in airport emergency protection. This landmark order from Operadora de Aeropuertos Centro Norte is a significant milestone for Oshkosh and the Airport Products Group in South America,” said Tim Raupp, Oshkosh Corporation Airport Products Group president. “We are extremely excited and look forward to having these vehicles on duty across Colombia.”
The trucks will be placed into service at the following airports: Jose Maria Cordova de Medellin, Olaya Herrera de Medellin, Los Garzones de Monteria, Antonio Roldan Betancourt de Carepa, El Carano de Quibdo, and Las Brujas de Corozal.
The Striker 1500 features a 4 x 4 all-wheel-drive axle configuration and proprietary technologies such as TAK-4® independent suspension, triple agent firefighting capabilities and Command Zone™ advanced electronics for enhanced maneuverability, firefighting power and reliability. Other features include 1,500 gallons (5678 L) of water capacity and 210 gallons (795 L) of foam capacity. The Striker 3000 vehicle features a 3,000-gallon (11,356 L) water capacity and a 420- gallon (1590 L) foam capacity.
AIRPLAN is the Operadora de Aeropuertos Centro Norte based in Medillin Colombia. The Oshkosh dealer for the region, INDUSTRIAS IVOR SA CASA INGLESA of Bogotá, Colombia, will provide local service and support.
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 Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, Geesink™, Norba™, Kiggen™, 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.
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 consequences of financial leverage associated with the JLG acquisition, especially given turmoil in the credit markets, the level of the Company’s borrowing costs and the Company’s ability to successfully amend its credit agreement to provide financial covenant relief; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the Company’s ability to obtain cost reductions on steel and other raw materials following sharp cost increases in 2008, obtain other cost decreases or achieve product selling price increases; the duration of the global recession and its adverse impact on the Company’s share price, which could lead to impairment charges related to many of the Company’s intangible assets; 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 and the uncertainty of government contracts; risks associated with international operations and sales, including foreign currency fluctuations; the Company’s ability to turn around its Geesink business; risks related to the collectibility of receivables during a recession, especially access equipment receivables; 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.