plus 4, Oshkosh military truck orders hit $3.3 billion - Milwaukee Business Journal |
- Oshkosh military truck orders hit $3.3 billion - Milwaukee Business Journal
- Oshkosh Corporation Awarded Additional $175 Million Order to Supply ... - MSN Money
- KYMCO USA Named Official Scooter and ATV of NHRA - Who Won
- Oshkosh Corp. (OSK) Receives Additional $175M U.S. Army TACOM LCMC ... - StreetInsider.com
- GEICO GloveBox iPhone app packed with useful features - TMCnet
| Oshkosh military truck orders hit $3.3 billion - Milwaukee Business Journal Posted: 10 Dec 2009 12:33 PM PST Oshkosh Corp. said Thursday that it has received an additional $175 million order from the U.S. Army for the delivery of 400 more mine-resistant all-terrain vehicles (M-ATV). To date, Oshkosh has received six awards valued at $3.3 billion to deliver a total of 6,619 M-ATVs. Oshkosh-based Oshkosh Corp. (NYSE: OSK) first won the supply contract from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command in June 2009. Oshkosh said it continues to exceed the accelerated delivery schedule with unprecedented production efforts at its manufacturing facilities, which are expected to achieve a production rate of 1,000 vehicles per month in December. The new award will extend production into May 2010. Oshkosh is a manufacturer of specialty trucks and truck bodies for the fire and emergency, defense, commercial construction and refuse hauling markets. fivefilters.org featured article: Normalising the crime of the century by John Pilger  This posting includes an audio/video/photo media file: Download Now |
| Oshkosh Corporation Awarded Additional $175 Million Order to Supply ... - MSN Money Posted: 10 Dec 2009 11:57 AM PST Oshkosh Corporation OSK announced today it has received an additional $175 million order from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to deliver 400 MRAP All Terrain Vehicles (M-ATV). To date, Oshkosh has received six awards valued at $3.3 billion to deliver a total of 6,619 M-ATVs. Oshkosh continues to exceed the accelerated delivery schedule with unprecedented production efforts at its manufacturing facilities. The company has ramped up production to achieve 1,000 vehicles per month in December and this new award will extend production into May 2010. "We are honored to build these M-ATVs that will help save Warfighters' lives in Afghanistan. Our employees understand the importance of this program. There is an unfaltering commitment and tremendous persistence at Oshkosh to answer our customer's needs," said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. "With world-class manufacturing capabilities, available capacity and a highly skilled workforce, we continue to be prepared to meet the needs of the U.S. Armed Forces for the M-ATV and other programs, however large the order or complex the vehicle." The Oshkosh® M-ATV achieves superior off-road mobility through the incorporation of the Oshkosh-patented TAK-4® independent suspension system, which has undergone more than 500,000 miles of government testing and is used on more than 10,000 Medium Tactical Vehicle Replacements (MTVR). The TAK-4 system provides 16 inches of independent wheel travel and a 70 percent off-road profile capability. Oshkosh also has received orders to supply more than 2,400 TAK-4 systems for legacy MRAP upgrades for improved off-road mobility in Afghanistan. The Oshkosh M-ATV launch team, which has exceeded M-ATV delivery requirements for five consecutive months, was a recipient of 2009 Defense Manufacturing Excellence Awards from the National Center for Advanced Technologies. 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 Medium Tactical Vehicle Replacement MTVR Armored Cabs already in theater. Existing Oshkosh Defense manufacturing facilities have production capacity for all current and pending military vehicle programs, including the M-ATV and the U.S. Army's Family of Medium Tactical Vehicles (FMTV), as well as any surges in production. 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 risks related to the required increase in the rate of production for the M-ATV contract and the amount, if any, of additional orders for M-ATVs that the Company may receive; 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; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof, including the outcome of the formal protests of the Family of Medium Tactical Vehicles (FMTV) award to the Company; risks related to reductions in government expenditures and the uncertainty of government contracts; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company's ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; 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 obligation, to update information contained in this press release. Oshkosh Corporation Copyright 2009 Business Wire fivefilters.org featured article: Normalising the crime of the century by John Pilger  This posting includes an audio/video/photo media file: Download Now |
| KYMCO USA Named Official Scooter and ATV of NHRA - Who Won Posted: 10 Dec 2009 10:53 AM PST Thursday, December 10, 2009 KYMCO USA Named Official Scooter and ATV of NHRA by Anthony Vestal ORLANDO, Fla. -- NHRA officials announced today that the world's largest motorsports sanctioning body has partnered with KYMCO USA, a longtime leader in quality, fuel-efficient scooters, ATVs and UTVs. As part of the agreement, KYMCO USA will become the Official Scooter and ATV of the NHRA. fivefilters.org featured article: Normalising the crime of the century by John Pilger |
| Oshkosh Corp. (OSK) Receives Additional $175M U.S. Army TACOM LCMC ... - StreetInsider.com Posted: 10 Dec 2009 11:57 AM PST Oshkosh Corporation (NYSE: OSK) announced today it has received an additional $175 million order from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to deliver 400 MRAP All Terrain Vehicles (M-ATV). To date, Oshkosh has received six awards valued at $3.3 billion to deliver a total of 6,619 M-ATVs. The Oshkosh M-ATV launch team, which has exceeded M-ATV delivery requirements for five consecutive months, was a recipient of 2009 Defense Manufacturing Excellence Awards from the National Center for Advanced Technologies. Related CategoriesCorporate News
Stocks MentionedSign up for StreetInsider Free!Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! fivefilters.org featured article: Normalising the crime of the century by John Pilger  This posting includes an audio/video/photo media file: Download Now |
| GEICO GloveBox iPhone app packed with useful features - TMCnet Posted: 10 Dec 2009 09:12 AM PST
WASHINGTON --(Business Wire)-- GEICO packed lots of functionality into its new iPhone (News - Alert) app - GEICO GloveBoxTM - to give users, both customers and non-customers alike, handy features right at their fingertips.
The GEICO GloveBox app allows customers to pay their bill and view their insurance card. Even non-GEICO customers can take advantage of the many features of the application. Guidance is provided for users involved in an auto accident, instructional text teaches users how to change a flat tire, and videos offer comic relief with just a tap of a finger. You can't pretend to really know the GEICO Gecko until you've seen "The Real Scoop," an amusing video that delves into the Gecko's mysterious past. Other GEICO GloveBox features include a taxi/rental car finder, roadside services and GEICO contact information. "We want to assist our customers through the channel of their choosing," said Jess Reed, GEICO's chief information officer, "With the increasing popularity of the iPhone, an iPhone app made perfect sense. Reed continued, "We looked for capabilities that we think will add the biggest value to our customers. Whether it's on the Web, over the phone or with the new application via their iPhone, we want to provide the most convenient and best customer experience possible." "An accident, a breakdown or a flat tire is stressful and people may not always have the information they need on hand. GEICO GloveBox can really simplify the process and make a bad situation a little easier for all users," said John Hodges, a senior applications systems analyst at GEICO. GEICO's free GEICO GloveBox app can be downloaded for the iPhone and is available at the iTunes App Store now. GEICO (Government Employees Insurance Company) - as part of Berkshire Hathaway - is the third-largest private passenger auto insurer in the United States*. GEICO provides auto insurance coverage for 9 million policyholders and insures more than 16 million vehicles. In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), boats, homes, apartments and mobile homes. As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. For more information, go to http://www.geico.com.
*A.M. Best 2008 market share data
fivefilters.org featured article: Normalising the crime of the century by John Pilger  This posting includes an audio/video/photo media file: Download Now |
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