Oshkosh Defense’s JLTV Solution Completes “Net-Ready” Testing

The Oshkosh JLTV completes the C4ISR program milestone, an important step in the program to deliver the next-generation light tactical vehicle

OSHKOSH, Wis.--()--Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), reached a milestone in the U.S. Department of Defense’s (DoD's) Joint Light Tactical Vehicle (JLTV) program by completing Net-Ready testing with the Oshkosh Light Combat Tactical All-Terrain Vehicle (L-ATV).

“We are pleased that our JLTV has demonstrated its capability to transfer critical data from onboard systems to external networks during this testing and evaluation process,” said U.S. Marine Corps Colonel (Retired), John Bryant, senior vice president, Defense Programs for Oshkosh Defense. “This is another important milestone in what has been an exemplary procurement program by the DoD, which will provide the protection and mobility our service men and women need for future missions.”

A core element in developing the next-generation light vehicle is fully supporting the execution of operational activities and information exchanges identified in DoD Enterprise Architecture, while satisfying the JLTV’s technical requirements for the transition to Net-Centric military operations. Oshkosh recently completed this testing at the Electronic Proving Grounds at Fort Huachuca, Arizona – the United States Army's developmental test center for Command, Control, Communications, Computers, Cyber and Intelligence (C5I) capabilities.

Oshkosh Defense has successfully completed every milestone to date throughout the JLTV program’s Engineering and Manufacturing Development (EMD) phase, including the design understanding review, manufacturing readiness review and on-time delivery of 22 prototype vehicles 12 months after the start of the EMD phase. As an Original Equipment Manufacturer, Oshkosh has an in-house team of C4ISR experts who designed the C4ISR solution for the fully integrated JLTV EMD prototype vehicles it has delivered for the program.

Oshkosh is providing vehicle training and support throughout the 14 months of robust military testing during the EMD phase. The JLTV is expected to fill a significant capability gap that exists between larger MRAP vehicles and the aging High-Mobility Multipurpose Wheeled Vehicles (HMMWV) fleet.

Leveraging a 97-year history of innovation, Oshkosh has developed a state-of-the-art vehicle that redefines protection, extreme off-road mobility and the very meaning of the term “mission-ready.”

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, please visit 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 with the current outlook for U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate of work at height machinery; the expected level and timing of DoD and international defense customer 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. Joint Light Tactical Vehicle 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 uncertainty, 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.

Contacts

Oshkosh Defense
Scott Grall, Sr. Manager, Global Marketing Communications
920-235-9151 Ext. 22354
sgrall@defense.oshkoshcorp.com

The Oshkosh Defense(R) L-ATV (pictured) achieved JLTV program milestone by completing Net-Ready testing. (Photo: Business Wire)

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Contacts

Oshkosh Defense
Scott Grall, Sr. Manager, Global Marketing Communications
920-235-9151 Ext. 22354
sgrall@defense.oshkoshcorp.com