OSHKOSH, WIS. (October 22, 2009) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE: OSK), today announced that it has received an order for the Oshkosh® Striker® 4500 Aircraft Rescue and Fire Fighting (ARFF) vehicle from Indianapolis International Airport in Indianapolis, Ind. The Striker is scheduled for delivery and will be placed into service in December 2009. Once added to the fleet, Indianapolis International will be the first airport to have all three Striker models – the 1500, 3000 and 4500 on duty.
“We chose the Striker 4500 because we serve some very large cargo aircraft through our position as a main FED EX hub,” said Indianapolis International Airport Division Chief Stephen Summers. “The Striker 4500 is able to quickly carry a large amount of firefighting power to areas without hydrant coverage. Moreover, with our ARFF fleet standardized around the Striker, there are many operational and maintenance benefits.”
Indianapolis International Airport is the largest airport in Indiana and occupies approximately 7,700 acres. The new airport, which opened in 2008, is the eighth- largest cargo center in the United States, and is the home of the second-largest Federal Express operation in the world. More than 2.2 billion pounds of cargo were managed at the airport last year.
“With this latest order, Indianapolis International has provided a resounding vote of confidence in the Striker vehicle in all its configurations, from the 1,500 four-by- four to the 4,500 eight-by-eight chassis,” said Tim Raupp, Oshkosh Corporation Airport Products Group president. “We are extremely proud to have such a prestigious customer and will deliver quality service to this state-of-the-art airport in America’s heartland.”
The Striker features an 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. The Striker 4500 model includes 4,500 gallons (17,034 L) of water capacity, 540 gallons (2,044 L) of foam capacity and can accelerate from 0 to 50 mph in 30 seconds. Temco Machinery, Inc. is the Oshkosh dealer for Illinois and Indiana. Temco opened a new, 30,000 square foot facility in Indianapolis to serve its customers in the region.
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®, 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, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: 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 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 in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; risks related to the collectibility of receivables during a recession, particularly for those businesses with exposure to construction markets; 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 duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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