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Oshkosh Defense Receives $407.3 Million Order for Joint Light Tactical Vehicles
February 17, 2020 - Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the U.S. Army Contracting Command – Detroit Arsenal has placed an order for 1,240 Joint Light Tactical Vehicles (JLTVs) and associated kits.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200217005131/en/
This order includes JLTVs for the U.S. Marine Corps (USMC), Slovenia and Lithuania and kits for the U.S. Army, USMC, Slovenia and Lithuania.
“We work side-by-side with the Joint Program Office to give the military the necessary technological edge to compete with and defeat the most advanced adversaries,” said George Mansfield, vice president and general manager of joint programs for Oshkosh Defense. “Without sacrificing mobility or transportability, the JLTV can accommodate over 100 mission package configurations, a true testament to its agility and modularity.”
The Oshkosh JLTV is the only light tactical vehicle with the protection and extreme off-road mobility to maneuver with combat formations against great power adversaries. The vehicle's digital architecture allows incorporation of advances in weapons, lasers, sensors, networking, and communications. It is designed to meet the requirements for the threats faced today and the decades to come.
Additionally, foreign interest in the highly capable JLTV platform continues to grow. The award includes orders for JLTVs to Slovenia and JLTVs to Lithuania through the Foreign Military Sales (FMS) process.
“We are proud of our vehicle and proud of this program,” continued Mansfield. “The JLTV stands out as one of the few major programs delivering on its promises – it is on time, on budget, and delivering against all program requirements. Our mission is to enable the brave men and women of our Armed Forces and our allies to complete their missions and return home safely.”
About Oshkosh Defense
Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles and mobility systems. As a pioneer of combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that advance troop safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.
Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].
Learn more about Oshkosh Defense at www.oshkoshdefense.com
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 15,000 team members worldwide, all united behind a common cause: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline™, Jerr-Dan®, Oshkosh® Airport Products, CON-E-CO® and London™. For more information, visit oshkoshcorp.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 guaranteeing 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.
(Photo: Business Wire)
View source version on businesswire.com: https://www.businesswire.com/news/home/20200217005131/en/
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June 4, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
Here’s the newest price tag for DoD’s arsenal of equipment
By: Aaron Mehta WASHINGTON — The Defense Department's portfolio of 121 key defense acquisition programs now has a price tag of $1.86 trillion, according to a new report by the Government Accountability Office. The number comes from the GAO's annual assessment of Pentagon acquisition, delivered to the public on Wednesday. The figure involves a 4 percent increase over the previous year but also factors in, for the first time, 15 major IT investments ($15.1 billion) and 13 middle-tier acquisition programs ($19.5 billion). The vast majority comes from 93 major defense acquisition programs, or MDAP, worth $1.82 trillion. Of those, 85 MDAPs worth a total of $1.8 trillion are already underway, with the rest expected to enter production in the near future. The $1.8 trillion figure marks the largest level of investment in MDAPs since 2011, and an increase of $44 billion over the department's 2018 MDAP portfolio. The current MDAP portfolio has accumulated more than $628 billion in cost growth over the life of its programs — or 54 percent more than the projected cost when programs began — with schedule growth overshooting targets by 29 percent at an average capability delivery delay of more than two years. Over the last year, 42 MDAPs reported a combined total acquisition cost increase of more than $80 billion. Nine programs that saw cost estimates increase by over 25 percent made up more than half of that total. While some of that is driven by increased procurement numbers, such as with the Joint Air-to-Surface Standoff Missile for the Air Force, those changed procurement plans are not the major driver of the cost increase. However, it's not all bad fiscal news: The remaining 43 MDAPs saw a cost decrease of more than $16 billion. And 19 programs that increased procurement managed to drive costs down through those updated plans. One worrisome trend the GAO highlighted is the lack of factoring in cybersecurity to early development of key performance parameters on MDAPs. The watchdog dug into a sample of 42 MDAPs as a test case, it and found that 25 of those programs had zero cybersecurity factored into the key performance parameters. Another 10 programs had one KPP related to cybersecurity, which is unlikely to be enough in the modern, wired world. For the middle-tier programs, which are designed for rapid prototyping and fielding, the GAO warned there is “inconsistent cost reporting and wide variation in schedule metrics” across the programs, adding that this poses “oversight challenges for Office of the Secretary of Defense and military department leaders trying to assess performance.” However, the watchdog agency also said the Department of Defense is in the process of addressing those issues. One notable program challenge identified in the report: The Navy's presidential helicopter replacement program, known as the VH-92A, has yet to “demonstrate that it can meet the requirement to land on the White House South Lawn without causing damage.” Parts of the helicopter are too hot, which will damage the lawn under “certain conditions.” As a result, the program is studying everything from lawn surface treatments to changes in aircraft design. “Due to concurrency in the program, which entered production while simultaneously addressing problems identified during the operational assessment, a design change to address this or other deficiencies discovered in the future may require modifications to units already in production,” the GAO found. https://www.defensenews.com/pentagon/2020/06/03/heres-the-newest-price-tag-for-dods-arsenal-of-equipment/