Oshkosh Corporation Awarded $1.05 Billion Delivery Order to Supply M-ATV to Soldiers, Marines

OSHKOSH, Wis.--(Business Wire)--
The U.S. Department of Defense (DoD) announced today it has selected Oshkosh
Corporation (NYSE:OSK) to supply MRAP All Terrain Vehicles (M-ATV) for its
fighting forces. Oshkosh has received an initial delivery order from the U.S.
Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command
(LCMC) for 2,244 M-ATVs valued at $1.05 billion, following months of government
testing on multiple production-ready vehicles.

"We are proud that Oshkosh was chosen to provide its M-ATV offering to the U.S.
Armed Forces. Our M-ATV design combines the crew protection warfighters have
come to expect in MRAP vehicles with the extreme mobility and durability needed
to negotiate Afghanistan`s mountainous off-road terrain," said Robert G. Bohn,
Oshkosh Corporation chairman and chief executive officer. "Due to the urgent
need of our Armed Forces for a survivable and highly mobile vehicle, our
Corporation`s number one priority is meeting the Department`s accelerated
delivery schedule of the Oshkosh M-ATV. Oshkosh Corporation will put whatever
resources are necessary to meet or exceed the government`s delivery schedule.
While we believe we can meet or exceed the government`s current delivery
requirements, we intend to enter into discussions with other manufacturers to
determine if they can assist in the production of the Oshkosh M-ATV."

Bohn went on to say, "As we begin supplying our advanced, high-performance
vehicles, our full-service aftermarket support network will be available with
replacement parts, technical support, and repair or refurbishment services. If
demands for technology or component upgrades should arise, our team is ready to
deliver."

Andy Hove, Oshkosh Corporation executive vice president and president, Defense
said, "Much has already been done to ensure we can meet the government`s
delivery schedule. In recognition of the urgent need, we began daily production
of Oshkosh M-ATVs on our flexible manufacturing line a few weeks ago. We and our
suppliers have already made significant investments in materials and are well
positioned to accelerate our manufacturing capabilities."

The Oshkosh Defense investments, planning and engineering activities, and
production of M-ATVs in advance of this award will allow for accelerated
delivery of the Oshkosh M-ATV, with initial vehicles available to TACOM LCMC in
July.

In order to achieve the off-road mobility that soldiers and Marines need in
Afghanistan, Oshkosh integrated its TAK-4® independent suspension system onto
the vehicle. As further testament to the government`s confidence in this
suspension system, the company recently received a supply order to equip more
than 1,500 legacy MRAPs with the TAK-4 system and continues to work with the
Army to evaluate using the system on additional legacy MRAP models. The TAK-4
suspension system is used on more than 10,000 Medium Tactical Vehicle
Replacements (MTVR) supplied to the Marines and Seabees, as well as on the
Marines` Logistics Vehicle System Replacement (LVSR) and the Army`s
next-generation Palletized Load System (PLS).

Oshkosh Defense teamed with Plasan North America for the M-ATV armor system to
provide an advanced armor solution. Plasan also developed the armor system used
on more than 5,000 legacy MRAPs and thousands of Oshkosh Armored Cab MTVRs
already in theater.

Oshkosh performed more than 7,500 miles of independent off-road testing to
identify possible enhancements to the vehicle so it would meet or surpass the
performance requirements in the rugged terrain in Afghanistan.

Photo Caption: The Oshkosh M-ATV offers superior mobility and survivability for
the U.S. Armed Forces

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 Corp. manufactures, distributes and
services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®,
Medtec®, Jerr-Dan®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™,
Geesink™, Norba™, Kiggen™, 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, log on to www.oshkoshcorporation.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 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 consequences of financial leverage associated with the JLG
acquisition, including the level of the Company`s borrowing costs, the increased
interest rates the Company would face if it experienced a deterioration or
downgrade in credit agency ratings and the Company`s ability to maintain
compliance with its financial covenants under its credit agreement; the cyclical
nature of the Company`s access equipment, commercial and fire & emergency
markets, especially during a global recession and credit crisis; the duration of
the global recession and its adverse impact on the Company`s share price, which
could lead to additional impairment charges related to many of the Company`s
intangible assets; the expected level and timing of U.S. Department of Defense
procurement of products and services and funding thereof; risks related to
reductions in government expenditures and the uncertainty of government
contracts; the potential for commodity costs to rise sharply in a future
economic recovery; risks associated with international operations and sales,
including foreign currency fluctuations; the Company`s ability to close the sale
of its Geesink business on its expected timetable; risks related to the
collectability of receivables during a recession, particularly for those
businesses with exposure to construction markets; and the potential for
increased costs relating to compliance with changes in laws and regulations.
Additional information concerning these and other factors is contained in the
Company`s filings with the Securities and Exchange Commission.

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Oshkosh Corporation
Financial:
Patrick Davidson
Vice President, Investor Relations
920.966.5939
or
Media:
Ann Stawski
Vice President, Marketing Communications
920.966.5959

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