OSHKOSH, WIS. (August 4, 2010) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE:OSK), announced today that it has completed an order for five Oshkosh® HT-Series™ snow tractor vehicles from Team Eagle Ltd. for the Greater Toronto Airport Authority (GTAA) and Toronto Pearson International Airport. The multi-tasking vehicles are engineered to perform a combination of plowing, brooming and forced-air blowing. The first unit was delivered in January 2010, and the remaining four vehicles will be placed into service in December.
“We are proud to service the Toronto Pearson International Airport with our Oshkosh vehicles which are designed to handle multi-tasks and offer maximum flexibility, maneuverability and productivity,” said Jeff Resch, Oshkosh Corporation Airport Products Group vice president and general manager. “When we engineered the Oshkosh HT-Series, we relied on our customers for input and feedback. The end result speaks for itself – the HT-Series continues to gain market share at major international hubs.”
Team Eagle Ltd. will provide service and life cycle support for the HT-Series snow tractor vehicles. “We’ve worked closely with Toronto’s snow removal team to specify and provide a vehicle to best meet their needs,” said Steve McKeown, president of Team Eagle Ltd. “We are very pleased that Toronto has chosen Oshkosh and Team Eagle as their solution for integrating multi-tasking equipment. With more than a dozen Oshkosh snow removal and aircraft rescue and fire fighting vehicles at Toronto Pearson, this order is another vote of confidence in our products and our people.”
The Oshkosh HT-Series snow tractor chassis features a 470 hp engine, 12.38-inch deep frame rails made from carbon manganese steel, all-wheel drive and Oshkosh’s exclusive two-speed transfer case for unmatched power and strength. The chassis also offers a large panoramic view windshield with no corner posts and – with a complete wall-to-wall U-turn in less than 75-feet – head turning maneuverability. Each Toronto vehicle includes a 24-foot front-mounted plow and a tow-behind cradle broom that reduces storage space requirements.
Other notable features on the Oshkosh HT-Series chassis include a quick hitch system for convenient link/delink of tow behind broom and front plow; safety interlocks with an emergency stop feature for attachments; Command Zone™ electronic LCD dash pod for at-a-glance operator information and a large, sound insulated cab with two full-size seats to accommodate a supervisor/training officer.
Toronto Pearson International Airport is Canada’s largest and busiest airfield. It served more than 30.4 million passengers in 2009. And it recently received the 2010 International Air Transport Association (IATA) Eagle Award for Most Improved Airport. This global industry award recognizes the significant strides made by Toronto Pearson in its commitment to working with the air carrier industry. The airport’s entire five runways and associated taxiway system can be cleared in just over one hour, using up to 30 vehicles in a precise, predetermined circuit.
Team Eagle Ltd. of Campbellford, Ontario, is the Oshkosh snow products dealer for all of Canada, Washington state, Oregon, northern Idaho and Montana. Team Eagle is a leading supplier of industry-best snow and ice control equipment, ARFF vehicles and GPS-based safety management systems to the airport market.
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®, 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 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.
# # #