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U.S. Marine Corps Selects Oshkosh Defense for Next-Generation Aircraft Rescue Fire Fighting Vehicle

Posted by Sample HubSpot User on May 31, 2013 12:00:00 AM
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OSHKOSH, Wis. (May 31, 2013) — The U.S. Marine Corps has selected Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), to deliver its new fleet of P-19 Replacement Aircraft Rescue and Fire Fighting (ARFF) vehicles. The Oshkosh P-19R will be the Marines’ 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 Marines and replace their current fleet of Oshkosh P-19 ARFF vehicles as the vehicles reach the end of their service lives.

 

 “Oshkosh has been supporting the P-19 ARFF fleet for more than 30 years, and we are honored that the U.S. Marine Corps has selected Oshkosh to provide a new generation of emergency response capabilities,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “Oshkosh leveraged product and engineering expertise from both our Defense and Airport Products teams to respond to the P-19R solicitation. The Oshkosh P-19R delivers a modern, expeditionary platform with advanced firefighting capabilities for the highly volatile situations Marines might face.”
 
The Oshkosh P-19R is based on the proven Oshkosh Logistics Vehicle System Replacement (LVSR) platform – which is currently supporting the Marine Corps’ off-road, heavy-payload missions across the globe – and the technologically advanced Striker® firefighting systems from Oshkosh Airport Products. The Oshkosh P-19R uses the 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.
 
The Oshkosh Airport Products Group 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.
 
Oshkosh Defense’s Integrated Product Support capabilities already are in place to deliver organic life-cycle sustainment support, including training, part supply and in-theater support. Additionally, the Oshkosh P-19R features commonality with other fielded Oshkosh vehicles to reduce sustainment costs, minimize provisioning and inventory requirements, and increase training efficiencies.
 
The P-19R ARFF vehicles, support and sustainment contract was awarded to Oshkosh Defense by the U.S. Marine Corps Systems Command. The total estimated contract value is $192 million. Work will be performed by Oshkosh beginning in June 2013 and is expected to be completed by May 2018.
 
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services.  For more than 90 years, Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions.  In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax™ unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions.  Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance.
 
To learn more about Oshkosh Defense, please visit us at www.oshkoshdefense.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, log on to 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, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; the expected level and timing of the DoD 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 the significant projected decrease in sales levels in the defense segment; the Company’s ability to comply with laws and regulations applicable to U.S. government contractors; 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; the duration of the ongoing global economic weakness, 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; 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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Topics: Pierce/Other

About Oshkosh Airport Products

Oshkosh Airport Products, a division of Pierce Manufacturing Inc., a subsidiary of Oshkosh Corporation (NYSE:OSK), is a designer and builder of industry-leading airport firefighting vehicles. Its flagship Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicles are known for their durability and superior performance and sold throughout the world. For more information, visit www.oshkoshairport.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 17,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Power Towers, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh® AeroTech™ and Pratt Miller. For more information, visit www.oshkoshcorp.com. 

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements

This news 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 news 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 Company's ability to successfully integrate the AeroTech acquisition and to realize the anticipated benefits associated with the same; the risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act;  the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security threats and breaches impacting the Company; the Company’s ability to successfully identify, complete and integrate other acquisitions and to realize the anticipated benefits associated with the same; 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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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