The Oshkosh L-ATV combines MRAP-level protection with unprecedented
off-road mobility
OSHKOSH, Wis.--(BUSINESS WIRE)--Mar. 27, 2012--
Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), today
presented its solution for the Engineering Manufacturing & Development
(EMD) phase of the Joint Light Tactical Vehicle (JLTV) program. With the
JLTV program, the U.S. military is seeking to modernize its light
vehicle fleet. Oshkosh is offering the latest generation of its Light
Combat Tactical All-Terrain Vehicle (L-ATV)
to upgrade the light tactical fleet with MRAP-level protection and
unprecedented mobility in future missions. The Oshkosh L-ATV has been
extensively tested and proven to meet or exceed all of the JLTV
program’s requirements.
The Oshkosh L-ATV has been extensively tested and proven to meet or exceed all of the JLTV program's requirements. (Photo: Oshkosh Defense)
“Military leaders have recognized JLTV as one of their top modernization
priorities, and the Oshkosh L-ATV entry represents our significant
investment in this project and showcases our advanced technology,” said
John Bryant, vice president and general manager of Joint and Marine
Corps Programs for Oshkosh Defense. “Our engineers have drawn upon
extensive tactical vehicle operating experience in Iraq and Afghanistan
to develop the L-ATV, with an eye toward future combat environments.”
The Light Combat Vehicle, Redefined
The Oshkosh L-ATV is
designed to keep Warfighters safe as battlefield threats evolve. The
vehicle’s crew protection system has been extensively tested and proven
to optimize protection, weight and mobility. The L-ATV can accept
multiple armor configurations so it can easily be adapted to changing
operational requirements.
The L-ATV also uses the Oshkosh TAK-4i™ intelligent independent
suspension system, building on the success of the TAK-4
family of suspensions used on more than 20,000 military vehicles. The
TAK-4i system is tailored for high-performance, lightweight
vehicles to give Warfighters unprecedented mobility in severe off-road
terrain. It uses an advanced Oshkosh technology to deliver 20 inches of
independent wheel travel; 25 percent more than any vehicle fielded with
the U.S. military today.
Oshkosh’s innovative L-ATV delivers expanded power capabilities, greater
fuel efficiency and integrated diagnostics compared to legacy engine
technologies. An optional Oshkosh ProPulse®
diesel-electric hybrid powertrain is available to further improve fuel
economy, lower life-cycle costs, and provide high levels of stationary
and on-the-move exportable power.
Rigorous Development
Oshkosh committed significant resources
for light vehicle research and development to produce the L-ATV. In
preparation for the JLTV EMD phase, six generations of Oshkosh light
vehicles were developed to respond to evolving requirements. Oshkosh’s
L-ATV designs have been verified through extensive JLTV mission-profile
testing. Notably, an L-ATV prototype called the LCTV completed the
1,061-mile Baja 1000 off-road race in the unforgiving terrain of the
Mexican desert, demonstrating its unprecedented performance capabilities
and reliability.
“Since 2006, we have aggressively and continuously worked to design,
develop and test the L-ATV to deliver a robust, mature solution for the
JLTV EMD phase,” Bryant said. “Our new product development process
allowed us to develop multiple generations, which is why our JLTV
solution is currently ready for Low Rate Initial Production.”
Decades of Proven Value
As a long-time vehicle and service
provider to the U.S. military, Oshkosh has a history of superb program
execution and the Oshkosh JLTV solution is no exception. Working closely
with its vast supplier network, Oshkosh has optimized its L-ATV vehicle
design while gaining economies of scale across a spectrum of military,
commercial and industrial vehicle programs.
Oshkosh has produced more than 100,000 military-class trucks and
trailers to date, including the medium- and heavy-payload vehicles for
the U.S. Army and Marine Corps, and the MRAP All-Terrain Vehicle (M-ATV).
Oshkosh uses a flexible, integrated manufacturing approach to build
vehicles for different military programs on a single assembly line,
which helps keep costs low. In addition, Oshkosh is equipped to
manufacture components and parts in-house – including key subsystems
such as suspension systems, which other manufacturers must purchase from
suppliers.
More information about the Oshkosh JLTV EMD offering, including a
vehicle video, is available at http://www.oshkoshdefense.com/jltv.
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 Corporation 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, 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 expected level and timing of the
DoD’s procurement of products and services and funding thereof,
including the impact of the DoD’s allocation of certain tires which will
restrict and delay certain FHTV sales; risks related to reductions in
government expenditures in light of U.S. defense budget pressures and an
uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of
the Company’s access equipment, commercial and fire & emergency markets,
especially during periods of global economic uncertainty, lower
municipal spending and tight credit markets; the Company’s ability to
produce vehicles under the FMTV contract at targeted margins; the
duration of the ongoing global economic weakness, 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 equity market expectations; the potential for the U.S.
government to competitively bid the Company’s Army and Marine Corps
contracts; the consequences of financial leverage, which could limit the
Company’s ability to pursue various opportunities; increasing commodity
and other raw material costs, particularly in a sustained economic
recovery; the ability to pass on to customers price increases to offset
higher input costs; risks related to costs and charges as a result of
facilities consolidation and alignment, including that anticipated cost
savings may not be achieved; 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
potential for increased costs relating to compliance with changes in
laws and regulations; risks related to disruptions in the Company’s
distribution networks; risks related to actions of activist
shareholders; and 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50219439&lang=en
Source: Oshkosh Corporation
Oshkosh Corporation
Jennifer Christiansen, 920-966-5635
Vice
President, Business Development Operations
jchristiansen@defense.oshkoshcorp.com
