Oshkosh, Wis. (December 5, 2011) – The Fire & Emergency segment of Oshkosh Corporation (NYSE:OSK) announced today that it has sold over 100 Pierce® fire trucks and Oshkosh® airport vehicles in China during the fiscal year that ended on September 30, 2011. The first group of Oshkosh Fire & Emergency vehicles sold in China was delivered in June 2010.
China’s continued urbanization and economic growth translate into an increasing need for fire protection at airports and municipal/industrial areas throughout the country.
“From engineering to production, we are fully committed to our customers’ satisfaction and we are honored that Oshkosh was selected to provide these vehicles,” said Jim Johnson, Oshkosh Corporation executive vice president and president, Fire & Emergency. “The Oshkosh and Pierce brands continue to experience acceptance and growth on the world stage due to their high quality and superior performance. China is an excellent example of the momentum we have seen for innovative and world-class fire apparatus and airport snow removal vehicles. And our in-country customer support team stands ready to provide world-class after sales service and parts support across China.”
In the municipal, industrial, and oil & gas sectors, Pierce’s advanced high technology fire trucks are well suited to meet China’s needs. Pierce custom vehicles sold within China over the last 12 months include high-rise pumpers, aerial ladders and industrial pumpers, which will be deployed in fire departments across multiple provinces in China.
Oshkosh Airport Products vehicles, including aircraft rescue and fire fighting (ARFF) and snow removal vehicles, provide protection enabling smooth airport operations under all weather conditions and emergency situations. Oshkosh airport vehicles sold in China during this time period include H-Series™ airport snow removal trucks and Striker® ARFF trucks.
Photo caption: These Oshkosh® Striker® 3000 vehicles are on duty at Shanghai Hongqiao International Airport.
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, recovery, law enforcement 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®. 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.
®, TM 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 expected level and timing of DoD’s procurement of products and services and funding thereof, including the impact of the DoD’s allocation of certain tires which will restrict and delay certain FHTV sales; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic uncertainty, lower municipal spending 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 potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 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; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and 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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