Oshkosh Corporation Commemorates Handoff of 1,000th M-ATV to U.S. Armed Forces

Oshkosh Corporation (NYSE:OSK) marked the handoff of the 1,000th MRAP All Terrain Vehicle (M-ATV) to the U.S. Armed Forces on Nov. 30 at a ceremony with military leadership at the company’s facilities in Oshkosh, Wis.

Brig. Gen. Michael Brogan, commander of the Marine Corps Systems Command, and Lt. Col. Coll Haddon, M-ATV product manager for the MRAP Joint Program Office, were the keynote speakers at the event. Having exceeded the government’s delivery schedule for five consecutive months, Oshkosh is ramping up production to 1,000 vehicles per month in December and continuing at that level through April 2010.

"We understood the urgency of the M-ATV program to save American lives and leaned forward in advance of receiving the contract to build vehicles and prepare our operations for this high-quantity production,” said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer. "Our workforce has embraced this important mission and made countless personal sacrifices to produce these vehicles quickly to protect those that are sacrificing for our safety. They will continue to deliver these life-saving vehicles along with replacement parts and field support, as long as necessary.”

Since being awarded the production contract on June 30, 2009, Oshkosh has received four additional awards from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply a total of 6,219 M-ATVs. Oshkosh also has received orders for spare kits and to send its factory-trained field service representatives (FSR) to Afghanistan to provide training and maintenance support for the vehicles. The aggregate amount of the five awards is valued at $3.2 billion.

The M-ATV is the U.S. military’s newest MRAP model, combining the protection levels of legacy MRAPs with improved mobility and durability to handle Afghanistan’s mountainous cross-country terrain and unimproved roads. The vehicle uses the Oshkosh-patented TAK-4^® independent suspension system, which has undergone more than 500,000 miles of government testing, to achieve a 70-percent off-road profile capability and 16 inches of independent wheel travel. The system also is used on the Marine Corps’ Medium Tactical Vehicle Replacement (MTVR) and Logistics Vehicle System Replacement (LVSR), as well as the Army’s Palletized Load System (PLS A1).

Existing Oshkosh Defense manufacturing facilities have available 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.

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.

Photo Caption: Brig. Gen. Michael Brogan, commander of the Marine Corps Systems Command, is joined by Andy Hove, Oshkosh Corporation executive vice president and president, Defense, left, and Gordon Kranz, executive director of engineering and analysis for the Defense Contract Management Agency, as he signs a ceremonial DD250 to commemorate the handoff of the 1,000th M-ATV to the U.S. Armed Forces at a ceremony on Nov. 30 at the company's facilities in Oshkosh, Wis.

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.

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