Oshkosh Corporation

Three Oshkosh Striker Aircraft Rescue and Fire Fighting Vehicles Delivered to Korea Airports Corporation

OSHKOSH, WIS. (November 30, 2012) Oshkosh Airport Products Group, a division of Oshkosh Corporation (NYSE: OSK), delivered three new generation Oshkosh® Striker® aircraft rescue and fire fighting (ARFF) vehicles to Korea Airports Corporation (KAC), a leading airport management company located in the Republic of Korea (South Korea). The three new generation Oshkosh Striker ARFF vehicles join two Striker 3000 vehicles that were placed into service at KAC managed airports in mid 2011.

 

“These purchases by the leading airport management group, KAC, are a testament to the new generation Striker vehicle’s capabilities, and we are honored to have the Striker on duty at Gimpo, Gimhae, and Jeju airports,” said Jeff Resch, Oshkosh Airport Products Group vice president and general manager. “And, it is especially gratifying to have these trucks follow in the footsteps of two Striker vehicles that have been on duty at KAC managed airports now for more than a year.”

 

The new generation Striker features advanced safety systems and delivers innovative fire suppression technology, unmatched chassis performance, and unsurpassed reliability and durability. The 6x6 axle configuration, with Oshkosh TAK-4® all wheel independent suspension and an Oshkosh rear steering system, offers a smooth ride and excellent off-road capabilities. The 700HP, Tier 4i/Euro 5 emissions compliant turbo charged engine is mated to a 7-speed electronic automatic transmission for smooth power delivery and a top speed greater than 113 km/h (70 mph). The engine power pack components are readily accessed through walk-in doors on either side of the engine compartment for easier servicing.

 

Headed by President and CEO Mr. SC Sung, Korea Airports Corporation is a leading airport management group, operating 14 airports located throughout the Republic of Korea, including: Gimpo, Gimhae, Jeju, Daegu, Gwangju, Cheongju, Yangyang, Muan, Ulsan, Yeosu, Sacheon, Pohang, Gunsan, and Wonju Airport.

 

Photo caption: Oshkosh Airport Products Group has delivered three new generation Oshkosh® Striker® aircraft rescue and fire fighting (ARFF) vehicles to Korea Airports Corporation.

 

About Oshkosh Airport Products

The Oshkosh Airport Group, a division of Oshkosh Corporation, is a designer and builder of industry-leading airport firefighting and snow removal vehicles. Its flagship Striker® Aircraft Rescue and Fire Fighting (ARFF) vehicle and Oshkosh® H-Series™ snow removal chassis are known for their durability and superior performance and sold throughout the world. For more information, visit www.oshkoshairport.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®, Oshkosh Specialty Vehicles, 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, especially in the current environment where there are conflicting signs regarding the future global economic outlook; the expected level and timing of the U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the 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 the Company’s exit from its ambulance business, including the amounts of related costs and charges; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; 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 Company or equity market expectations; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; 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; risks related to actions of activist shareholders, including the amount of related costs; the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals; risks and uncertainties associated with the pending tender offer for the Company's shares, the outcome of any litigation related to the offer or any other offer or proposal, and the Board’s recommendation to the shareholders concerning the offer or any other offer or proposal. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K. 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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