Oshkosh
Defense, an Oshkosh Corporation (NYSE: OSK) company, will be
displaying its Joint Light Tactical Vehicle (JLTV) solution at Modern
Day Marine in Quantico, Va. from Sept. 23 – 25, 2014. Oshkosh Defense’s
solution, the Light Combat Tactical All-Terrain Vehicle (L-ATV),
represents the next generation of light tactical vehicles with
unprecedented protection, off-road mobility, reliability and systems
integration – at an affordable cost.
“Future battlefields will bring an unpredictable combination of terrain,
tactics and threats that require a light vehicle that is highly
transportable, scalable and net-ready so that Marines can operate across
a full spectrum of missions,” said U.S. Marine Corps Colonel (Retired),
John Bryant, senior vice president of defense programs for Oshkosh
Defense. “The JLTV program fills a critical capability gap between the
HMMWV, which is beyond its limits and the larger MRAP vehicles in
service today. The Oshkosh JLTV solution will equip our troops with the
protected mobility they need – from an experienced, proven vehicle
manufacture they can trust.”
The Oshkosh L-ATV’s lightweight, compact design leverages 10 years of
research and development, as well as lessons from decades of field
operating experience. The L-ATV merges key design elements of highly
survivable combat vehicles and off-road tactical vehicles to operate in
a range of threat levels and terrains including:
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The Oshkosh TAK-4i™ intelligent independent
suspension system is the next generation of the world’s most
advanced, combat-proven suspension system, TAK-4. TAK-4i provides
Warfighters with unprecedented maneuverability and a smoother ride to
reduce fatigue after traveling the world’s toughest terrains.
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The Oshkosh Core1080™ crew protection system is a
multi-faceted, fully-integrated survivability system that applies
advanced components and materials to save lives. The Core1080 approach
has been proven on multiple vehicle platforms and credited for saving
thousands of troops’ lives over the past decade during missions
outside-the-wire.
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Whether traveling over hazardous terrain or unpaved roads, the L-ATV’s
digitally-controlled engine maintains steady, fuel-efficient power
without sacrificing the acceleration and cruising speed that Soldiers
and Marines need in high-threat environments.
The L-ATV is the only JLTV solution that’s designed, built and backed by
97 years of vehicle design, production, integration and lifecycle
know-how from Oshkosh. Oshkosh’s recent Production Readiness Review
(PRR) demonstrated that the company is ready to start JLTV production on
an active and proven production line that is already building heavy,
medium and protected MRAP military vehicles for U.S. Armed Forces today.
Employing lean processes, flexible assembly lines and rigorous quality
checks, Oshkosh Defense has a history of delivering tactical wheeled
vehicles on schedule and with industry-leading quality. In addition,
Oshkosh announced in July that it successfully completed 200,000 miles
and all requirements for Reliability, Availability, Maintainability
(RAM) testing for the JLTV Engineering and Manufacturing Development
(EMD) contract.
“No other OEM has launched more successful tactical wheeled vehicle
production programs than Oshkosh,” said Bryant. “We have the past
performance record, manufacturing expertise and proven
quality-management system to deliver the low-risk, best value JLTV
solution.”
Oshkosh Defense leadership will be available to discuss the company’s
vehicles, technologies and services at Modern Day Marine booth #2404.
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. Oshkosh Defense, LLC is an
Oshkosh Corporation company [NYSE: OSK].
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, which are
particularly impacted by the pace of 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 lower customer orders 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; the impact of severe weather
or natural disasters that may affect the Company, its suppliers or its
customers; the impact of cyber security risk and costs of defending
against, mitigating and responding to a data security breach; 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.
Copyright Business Wire 2014