OTTAWA, Ontario--(BUSINESS WIRE)--The Canadian Government is taking important steps in modernizing its logistics vehicle fleet by advancing the Standard Military Pattern (SMP) component of the Medium Support Vehicle System (MSVS) project. Oshkosh Defense Canada, Inc., a subsidiary of Oshkosh Corporation (NYSE:OSK), responded to the Government of Canada’s MSVS SMP Request for Proposal (RFP), offering a high performance, low risk solution to meet the Canadian Department of National Defence’s (DND) mission requirements and protect Canadian Soldiers for decades to come.
“Working closely with our Canadian industry partners and a growing network of Canadian suppliers, our Oshkosh MSVS SMP offering provides superior vehicle performance, sustainment across six continents, and ultimately, the best overall value for Canada,” said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. “The Oshkosh MSVS SMP family of vehicles is the next generation of the world’s most trusted, battle-proven military platform in the field today. We are proud to present the Government of Canada with our MSVS SMP bid that meets or exceeds all project requirements, and most importantly, provides Canadian Soldiers with the modern logistics vehicles they need to perform their missions.”
The Best Value for Canada
Oshkosh, in collaboration with its Canadian team members and suppliers, will return 100 percent or more of the MSVS SMP contract value to the Canadian economy. Oshkosh’s strategic team members for the project include DEW Engineering and Development, General Dynamics Land Systems – Canada, and Link Suspensions of Canada – Raydan Division.
“Our MSVS SMP team aligns core Oshkosh design, production and sustainment strengths with Canada’s finest technology, manufacturing and services capabilities,” said John Lazar, senior director of Global Strategic Initiatives for Oshkosh Defense. “We are committed to supporting MSVS SMP and future Canadian vehicle modernization programs by working with companies across Canada and creating new economic value in the process.”
Exceptional Performance, Without the Risk
Oshkosh designed, extensively tested and built its MSVS SMP solution to bring the latest ground vehicle technologies to the Canadian Armed Forces. The Oshkosh MSVS SMP vehicles and trailers are built to serve a full range of logistics missions from disaster recovery at home to major conflicts abroad. Key vehicle subsystems, including a high-performance drive train, advanced suspension and braking systems, and a state-of-the-art armour protection system, allow the Oshkosh MSVS SMP to achieve a 70 percent off-road mission profile and a 98 percent mission reliability rate – both of which will enable Canada’s ground forces to more safely operate in a vast array of threat levels, climates and terrains.
The Oshkosh MSVS SMP builds upon decades of in-theatre experience around the globe and more than one billion real-world operational kilometres accumulated on the Oshkosh Heavy Expanded Mobility Tactical Truck (HEMTT) platform. The acclaimed HEMTT platform is a purpose-built military vehicle that has been chosen by the United States Department of Defense and more than 20 allies worldwide – consistently outperforming commercial vehicle derivatives in competitive scenarios.
Canada’s MSVS SMP RFP also includes five years of In-Service Support (ISS). With Canadian troops more frequently mobilized around the world for defence and humanitarian missions, complete life cycle sustainment is increasingly important to ensure mission readiness.
The Oshkosh team’s ISS offering leverages decades of performance based contracting and major repair/overhaul programs experience to minimize MSVS SMP life cycle costs while maximizing reliability and readiness rates. “Our ISS plan is based on a robust global supply chain and a mature logistics system that spans six continents,” added Lazar. “By applying our logistics supportability analysis methodology to manage fleet health, Oshkosh has helped reduced military vehicle fleet life cycle costs as much as 70 percent.”
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 defence 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.
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 with the current tepid outlook for the U.S. and European economic recoveries and the struggles the U.S. government has encountered trying to resolve budgetary and debt issues; the strength of emerging market growth and projected adoption rate of work at height machinery; 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 win a U.S. JLTV production contract award; 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; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; 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.