U.S. Army Places $42 Million Order for the Joint Light Tactical Vehicle Program
September 26 2016 - 12:12PM
Business Wire
Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK)
company, announced today that the U.S. Army has placed a $42
million order that exercises available options for the Joint Light
Tactical Vehicle (JLTV) program including vehicles, installed kits
and packaged kits. The order is the third since the contract was
awarded in August 2015. Work will be performed in Oshkosh,
Wisconsin with an estimated completion date of November 2017.
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The Oshkosh JLTV displayed at MDM is
equipped with the EOS R-400S-MK2 remote weapons system and the
Orbital ATK M230 LF 30 mm gun (Photo: Business Wire)
“This latest order demonstrates that the JLTV continues to be a
central piece of the Army’s future ground force and a modernization
priority,” said Dave Diersen, Oshkosh Defense vice president of
Joint Programs. “The JLTV program is moving forward with a focus on
giving Soldiers and Marines the next generation light vehicle they
need for their missions.”
The JLTV program will replace 55,000 of the U.S. Army and Marine
Corps’ uparmored HMMWVs. The JLTV designed and manufactured by
Oshkosh delivers unmatched performance, protection, networking and
off-road mobility in a light vehicle package to support Soldiers
and Marines as they perform missions outside the wire. Designed
with room for growth as threats evolve, the JLTV’s scalable design
is able to adapt to future requirements.
The Oshkosh JLTV, which will be on display at Modern Day Marine
2016 from September 27-29, is outfitted with an EOS R-400S-MK2
remote weapon system integrated with Orbital ATK's M230 LF 30 mm
lightweight automatic chain gun to demonstrate the vehicle’s
ability to support increased lethality including a medium caliber
weapon system.
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
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.
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Oshkosh DefenseJennifer Christiansen, Vice President, Business
Development920-966-5635jchristiansen@defense.oshkoshcorp.com
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