Oshkosh
Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced
today that its Light Combat Tactical All-Terrain Vehicle (L-ATV)
successfully completed Limited User Testing (LUT) with the U.S. Army and
Marine Corps for the Joint Light Tactical Vehicle (JLTV)
Engineering and Manufacturing Development (EMD) contract.
Oshkosh is JLTV. Anything else is something less. (Photo: Business Wire)
The completed LUT focused on the JLTV system capabilities, functions,
operations and interfaces in a range of simulated tactical environments.
It also covered operator and crew level preventive maintenance for the
entire JLTV system, ensuring operators could proficiently and safely
operate the JLTV during test and evaluation. The Army user testing was
conducted in September and October. Three of the tests were held as
96-hour cycles meant to simulate operational missions, and one of the
tests incorporated a live fire demonstration. The Marines similarly
completed two test cycles in October and November, including one with a
live fire demonstration.
“Our completion of the Limited User Testing milestone reinforces
Oshkosh’s proven ability to design and build vehicles based on decades
of experience and a true appreciation for those who will ultimately
operate the JLTV,” said U.S. Army Major General (Retired) John Urias,
executive vice president of Oshkosh Corporation and president of Oshkosh
Defense. “Our JLTV solution draws upon real-world experience gained from
supporting the ground operations that our Soldiers and Marines perform
every day. In fact, no other Original Equipment Manufacturer (OEM) has
launched and supported more successful tactical wheeled vehicle
production programs than Oshkosh.”
Oshkosh was prepared for the Limited User Testing and provided its
vehicles ahead of the test schedule. Before the start of the Army and
Marine Corps testing sessions, Oshkosh provided 40-hour New Equipment
Training courses with the Soldiers and Marines operating the JLTVs.
Separate configurations were required for the Army and Marine Corps’
LUT, and Oshkosh refurbished its testing vehicles to ensure mission
readiness.
TWV Experience Provides a World-Class JLTV Without the Risk
Oshkosh also recently announced the completion of Production Readiness
Review (PRR) for the JLTV EMD contract, demonstrating that the company
is prepared to manufacture world class JLTVs on its established
production line. Employing lean processes, flexible assembly lines and
rigorous quality checks, Oshkosh has a history of delivering tactical
wheeled vehicles on schedule, on budget, and with industry-leading
quality. In early 2013, the company produced its JLTV EMD prototypes on
the same active and proven production line used for its MRAP All-Terrain
Vehicle (M-ATV),
Family of Heavy Tactical Vehicles (FHTV),
Family of Medium Tactical Vehicles (FMTV)
and many other platforms.
The L-ATV’s lightweight, compact design leverages over a decade of
research and development, as well as decades of field operating
experience to deliver an unprecedented combination of off-road mobility,
survivability, speed and reliability. It merges key design elements of
highly survivable combat vehicles and off-road tactical vehicles to
operate in an extensive range of threat levels and terrains. Independent
testing proves that the L-ATV delivers superior ride quality at speeds
70 percent faster than today’s top-performing tactical wheeled vehicles.
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 strength of U.S. and European economies;
the strength of emerging market growth and projected adoption rates 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. JLTV production contract award and international defense
contract awards; 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; 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; cyber security risks 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.
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