“JLG parent gets fourth MRAP order - Public Opinion” plus 4 more |
- JLG parent gets fourth MRAP order - Public Opinion
- U.S. Army places $408M order with Oshkosh - Milwaukee Business Journal
- Hot Off the Wire - dBusinessNews.com
- Oshkosh Corp. (OSK) Receives Additional $408.5M for M-ATV's - StreetInsider.com
- Oshkosh Defense Awarded Additional 923 M-ATVs Valued at $408.5 Million - StreetInsider.com
| JLG parent gets fourth MRAP order - Public Opinion Posted: 12 Oct 2009 12:34 PM PDT MCCONNELLSBURG, Monday, Oct. 12 - JLG Industries' parent company, Oshkosh Corp., received an additional $408.5 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command for 923 MRAP All Terrain Vehicles to be delivered to the U.S. Armed Forces through March 2010. This is the fourth award under the M-ATV delivery order first awarded in June 2009, and brings the total number of vehicles Oshkosh will supply to 5,219. The aggregate amount of the four awards is valued at $2.76 billion. JLG Industries in McConnellsburg has picked up some of the MRAP work. This content has passed through fivefilters.org. |
| U.S. Army places $408M order with Oshkosh - Milwaukee Business Journal Posted: 12 Oct 2009 07:05 AM PDT Oshkosh Corp. said Monday it has received an additional $408.5 million award from the U.S. Army Tank-Automotive and Armaments Command Life Cycle Management Command for 923 more mine-resistant all-terrain vehicles. The award, to be delivered through March 2010, is the fourth award under the MRAP All Terrain Vehicles (M-ATV) delivery order first awarded in June, and brings the total number of vehicles Oshkosh Corp. will supply to 5,219. The total amount of the four awards is valued at $2.76 billion. Oshkosh-based specialty truck manufacturer Oshkosh (NYSE: OSK) said it continues to deliver vehicles ahead of the government's accelerated schedule and met September's delivery requirement on Sept. 22. The company will ramp production up to 1,000 vehicles per month in December and continue at that level through at least March 2010. This content has passed through fivefilters.org. |
| Hot Off the Wire - dBusinessNews.com Posted: 12 Oct 2009 07:40 AM PDT OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Corporation (NYSE:OSK) announced today it has received an additional $408.5 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) for 923 MRAP All Terrain Vehicles (M-ATV) to be delivered to the U.S. Armed Forces through March 2010. This is the fourth award under the M-ATV delivery order first awarded in June 2009, and brings the total number of vehicles Oshkosh will supply to 5,219. The aggregate amount of the four awards is valued at $2.76 billion. "Our customer is preparing to field the first Oshkosh M-ATVs for use by warfighters in the Afghanistan theater of operations," said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. "As these vehicles begin making their way onto the battlefield to ensure our men and women are well protected and their missions remain on the move in even the harshest environments, we will continue to make the vehicle's high-quantity production our top priority and provide any additional program support as needed." Answering an urgent need request for soldiers and Marines serving in Afghanistan, Oshkosh continues to deliver vehicles ahead of the government's accelerated schedule and met September's delivery requirement on Sept. 22. The company will ramp production up to 1,000 vehicles per month in December and continue at that level through at least March 2010. Existing Oshkosh Defense manufacturing facilities have available production capacity for all current and pending military vehicle programs, including M-ATV and the U.S. Army's Family of Medium Tactical Vehicles (FMTV), as well as any surges in production. The Oshkosh M-ATV's superior mobility, which includes a 70 percent off-road profile capability, is achieved through the Oshkosh TAK-4 independent suspension system. The system is featured on more than 10,000 Medium Tactical Vehicle Replacements (MTVR) used by the U.S. Marine Corps and Navy Seabees, and is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan. The TAK-4 system, which has undergone more than 400,000 miles of government testing, also is used on the Army's next-generation Palletized Load System (PLS) and the Marine Corps' Logistics Vehicle System Replacement (LVSR). Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh MTVR Armored Cabs already in theater. About Oshkosh Defense Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit 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 Corp. 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, 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, which could lead to additional impairment charges related to many of the Company's intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: 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; risks related to production delays as a result of the economy's impact on the Company's suppliers; 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 collectibility 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. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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| Oshkosh Corp. (OSK) Receives Additional $408.5M for M-ATV's - StreetInsider.com Posted: 12 Oct 2009 05:10 AM PDT Oshkosh Corporation (NYSE: OSK) announced today it has received an additional $408.5 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) for 923 MRAP All Terrain Vehicles (M-ATV). The vehicles are to be delivered to the U.S. Armed Forces through March 2010. This is the fourth award under the M-ATV delivery order first awarded in June 2009, and brings the total number of vehicles Oshkosh will supply to 5,219. The aggregate amount of the four awards is valued at $2.76 billion. Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Related CategoriesCorporate News
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| Oshkosh Defense Awarded Additional 923 M-ATVs Valued at $408.5 Million - StreetInsider.com Posted: 12 Oct 2009 04:56 AM PDT OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Corporation (NYSE: OSK) announced today it has received an additional $408.5 million award from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) for 923 MRAP All Terrain Vehicles (M-ATV) to be delivered to the U.S. Armed Forces through March 2010. This is the fourth award under the M-ATV delivery order first awarded in June 2009, and brings the total number of vehicles Oshkosh will supply to 5,219. The aggregate amount of the four awards is valued at $2.76 billion. "Our customer is preparing to field the first Oshkosh M-ATVs for use by warfighters in the Afghanistan theater of operations," said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. "As these vehicles begin making their way onto the battlefield to ensure our men and women are well protected and their missions remain on the move in even the harshest environments, we will continue to make the vehicle's high-quantity production our top priority and provide any additional program support as needed." Answering an urgent need request for soldiers and Marines serving in Afghanistan, Oshkosh continues to deliver vehicles ahead of the government's accelerated schedule and met September's delivery requirement on Sept. 22. The company will ramp production up to 1,000 vehicles per month in December and continue at that level through at least March 2010. Existing Oshkosh Defense manufacturing facilities have available production capacity for all current and pending military vehicle programs, including M-ATV and the U.S. Army's Family of Medium Tactical Vehicles (FMTV), as well as any surges in production. The Oshkosh(R) M-ATV's superior mobility, which includes a 70 percent off-road profile capability, is achieved through the Oshkosh TAK-4(R) independent suspension system. The system is featured on more than 10,000 Medium Tactical Vehicle Replacements (MTVR) used by the U.S. Marine Corps and Navy Seabees, and is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in Afghanistan. The TAK-4 system, which has undergone more than 400,000 miles of government testing, also is used on the Army's next-generation Palletized Load System (PLS) and the Marine Corps' Logistics Vehicle System Replacement (LVSR). Oshkosh Defense teamed with Plasan North America to provide an advanced armor solution for the M-ATV. Plasan also developed the armor system used on more than 5,000 legacy MRAPs and thousands of Oshkosh MTVR Armored Cabs already in theater. About Oshkosh Defense Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit 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 Corp. manufactures, distributes and services products under the brands of Oshkosh(R), JLG(R), Pierce(R), McNeilus(R), Medtec(R), Jerr-Dan(R), Oshkosh Specialty Vehicles, Frontline(TM), SMIT(TM), CON-E-CO(R), London(R) and IMT(R). 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. (R), (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 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, which could lead to additional impairment charges related to many of the Company's intangible assets; risks related to the required increase in the rate of production for the M-ATV and FMTV contracts, and the amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company may receive; the outcome of the formal protests of the FMTV award to the Company: 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; risks related to production delays as a result of the economy's impact on the Company's suppliers; 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 collectibility 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. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any duty, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Oshkosh Corporation Related CategoriesPress Releases
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