OSHKOSH, WIS. (November 15, 2010) – Oshkosh Airport Products Group, part of the Fire and Emergency segment of Oshkosh Corporation (NYSE:OSK), today delivered 24 Oshkosh® Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicles to the Civil Aviation Authority of Pakistan (PCAA) at a formal signing and acceptance ceremony in Karachi, Pakistan. The vehicles on hand included 16 Striker 1500s and eight Striker 3000s. In addition, it was announced that 19 more Striker vehicles have been ordered for delivery in 2011.
“We are elated that we are about to witness these vehicles placed into service with the Civil Aviation Authority of Pakistan at airports throughout the country in this critically important part of the world,” said Jeff Resch, Oshkosh Corporation Airport Products Group vice president and general manager. “Moreover, it is especially gratifying that we are now fulfilling a follow-up purchase for 19 more Strikers for the PCAA. That’s a testament to the Striker vehicle’s capabilities as well as to the entire Oshkosh Fire and Emergency segment.”
The Oshkosh Fire and Emergency segment provides emergency responders with expertise and insight from across its family of leading brands to offer the latest in advanced technologies, product development and customer support. Products include municipal and wildland fire trucks, command vehicles, airport snow removal vehicles, ambulances, mobile medical vehicles, broadcast vehicles and specialty vehicles.
“The Oshkosh Fire and Emergency Segment’s growth strategy involves matching innovative and reliable vehicles with outstanding service, training and a global support network,” added Tim Raupp, Oshkosh Corporation senior vice president – Fire and Emergency. “The enhanced emergency response capabilities represented by these vehicles is an excellent example of what the Oshkosh Fire and Emergency segment is able to provide customers on a global level.”
The contract terms include on site operational and maintenance training, auxiliary equipment and spare parts. The Strikers will be stationed at civil airports throughout Pakistan, the largest of which is Jinnah International Airport in Karachi that handles six million passengers annually.
Photo caption: Oshkosh and Civil Aviation Authority of Pakistan (PCAA) officials attended a formal signing and acceptance ceremony for 24 Striker vehicles.
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 Fire & Emergency Segment
Known for safety, quality and leading edge technology, the Oshkosh Corporation Fire & Emergency segment designs and manufactures a full line of fire apparatus, mobile medical, broadcast communications and homeland security vehicles. Brands under the F&E Segment include: Pierce®, Oshkosh® Airport Products, Medtec®, Oshkosh Specialty Vehicles, Frontline™ and SMIT™.
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®. The Oshkosh brands 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 impact on revenues and margins of the projected decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; 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 equity market expectations; the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; 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 costs and charges as a result of facilities consolidation and alignment; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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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