Oshkosh Corporation Continues Work under Joint Light Tactical Vehicle Production Contract

Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, will continue to perform work on the Joint Light Tactical Vehicle (JLTV) production contract based on the U.S. Court of Federal Claims’ decision to deny Lockheed Martin’s request for a preliminary injunction while its protest is being heard. The JLTV program, which is cited among the Department of Defense’s highest modernization priorities, is charged with providing greater protection and off-road mobility for American troops as they perform future combat operations virtually anywhere in the world.

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The JLTV program is cited among the Department of Defense's highest modernization priorities. (Photo: Business Wire)

“This decision is another indication that the U.S. Army conducted a thorough, methodical procurement process, and we are confident that the original JLTV contract award to Oshkosh will be upheld,” said Wilson R. Jones, Oshkosh Corporation president and chief executive officer. “The Oshkosh JLTV team, including our employees and hundreds of suppliers, is pleased to continue our work to deliver JLTVs to our nation’s Soldiers and Marines.”

The JLTV program fills a critical capability gap for the U.S. Army and Marine Corps by replacing a large portion of the legacy HMMWV fleet with a modern light vehicle that provides unprecedented protection and off-road mobility, as well as transportability via air, land and sea. The $6.7 billion JLTV production contract calls for Oshkosh to deliver a total volume of nearly 17,000 vehicles, as well as kits and sustainment services over an eight-year period.

On December 15, 2015, the U.S. Government Accountability Office (GAO) dismissed Lockheed Martin’s protest just days before the GAO was expected to issue its decision. The U.S. Army promptly lifted the stop work order and instructed Oshkosh to resume performance on the JLTV contract. On December 17, 2015, Lockheed took its objections to the U.S. Court of Federal Claims and the next day requested an injunction to stop work on the JLTV program. On February 11, 2016, the U.S. Court of Federal Claims denied the injunction, permitting Oshkosh to continue working under the JLTV contract.

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades 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 access equipment, commercial, fire & emergency, military and specialty 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 by rental companies, concrete placement and refuse collection businesses, fire & emergency departments, municipal and airport services and defense forces, 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

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