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.

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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.

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