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South Korea Incheon International Airport Orders Oshkosh Strikers

Posted by Sample HubSpot User on Jul 15, 2009 12:00:00 AM
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OSHKOSH, WIS. (July 15, 2009) – Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE: OSK), today announced an order for two Oshkosh® Striker® 3000 aircraft rescue and firefighting (ARFF) vehicles from Incheon International Airport in South Korea. The two Striker vehicles will be delivered in 2010 to this growing hub in East Asia.
 
“It is exciting and gratifying that Oshkosh Strikers will be providing rescue and firefighting protection to the world’s top ranked airport and one of the busiest in all of Asia,” said Tim Raupp, Oshkosh Corporation Airport Products Group president. “It’s a significant milestone and reflects the Striker’s status as a state- of-the-art, global aircraft rescue and firefighting vehicle.”

The Oshkosh Striker 3000 offers a 6x6 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 a 3,000- gallon (11,356 L) water capacity, 420-gallon (1590 L) foam capacity, roof turret and six under truck nozzles.

The Oshkosh Striker is among the most popular ARFF vehicles in the world. Its platform capabilities have garnered the vehicle overwhelming respect among a growing list of customers, including Chicago O’Hare International, Dubai International, Montreal Pierre Elliot Trudeau International, Jose Maria Cordova International, Hartsfield-Jackson Atlanta International and Beijing Capital International.
Other Oshkosh Fire & Emergency segment vehicles sold to the East Asia region in 2009 include a Pierce® pumper fire truck and six BAI™ ARFF vehicles.

Located 70 km from Seoul, the capital and largest city in South Korea, Incheon International Airport serves as a hub for international civilian air transportation and cargo traffic in East Asia. It is currently Asia’s eighth busiest airport in terms of passengers, the world’s fifth busiest airport in terms of cargo and freight, and the world’s eleventh busiest airport in terms of international passengers. In 2009, the Incheon airport received a full 5-star ranking and was voted the “best airport in the world” by the British-based Skytrax consultancy group.

Oshkosh distributor MS Trading Company will supply 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™, 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.

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 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 and its adverse impact on the Company’s share price, which could lead to additional 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; 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 collectability 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.
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Topics: ARFF

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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