Oshkosh Defense Awarded Additional 923 M-ATVs Valued at $408.5 Million

OSHKOSH, Wis.--(Business Wire)--
Oshkosh Corporation (NYSE:OSK) announced today it has received an additional
$408.5 million award from the U.S. Army Tank-automotive and Armaments Command
Life Cycle Management Command (TACOM LCMC) for 923 MRAP All Terrain Vehicles
(M-ATV) to be delivered to the U.S. Armed Forces through March 2010.

This is the fourth award under the M-ATV delivery order first awarded in June
2009, and brings the total number of vehicles Oshkosh will supply to 5,219. The
aggregate amount of the four awards is valued at $2.76 billion.

"Our customer is preparing to field the first Oshkosh M-ATVs for use by
warfighters in the Afghanistan theater of operations," said Robert G. Bohn,
Oshkosh Corporation chairman and chief executive officer. "As these vehicles
begin making their way onto the battlefield to ensure our men and women are well
protected and their missions remain on the move in even the harshest
environments, we will continue to make the vehicle`s high-quantity production
our top priority and provide any additional program support as needed."

Answering an urgent need request for soldiers and Marines serving in
Afghanistan, Oshkosh continues to deliver vehicles ahead of the government`s
accelerated schedule and met September`s delivery requirement on Sept. 22. The
company will ramp production up to 1,000 vehicles per month in December and
continue at that level through at least March 2010. Existing Oshkosh Defense
manufacturing facilities have available production capacity for all current and
pending military vehicle programs, including M-ATV and the U.S. Army`s Family of
Medium Tactical Vehicles (FMTV), as well as any surges in production.

The Oshkosh® M-ATV`s superior mobility, which includes a 70 percent off-road
profile capability, is achieved through the Oshkosh TAK-4® independent
suspension system. The system is featured on more than 10,000 Medium Tactical
Vehicle Replacements (MTVR) used by the U.S. Marine Corps and Navy Seabees, and
is being retrofitted on more than 2,400 legacy MRAPs for improved mobility in
Afghanistan. The TAK-4 system, which has undergone more than 400,000 miles of
government testing, also is used on the Army`s next-generation Palletized Load
System (PLS) and the Marine Corps` Logistics Vehicle System Replacement (LVSR).

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

About Oshkosh Defense

Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading
global designer and manufacturer of tactical military trucks and armored wheeled
vehicles, delivering a full product line of conventional and hybrid vehicles,
advanced armor options, proprietary suspensions and vehicles with payloads that
can exceed 70 tons. Oshkosh Defense provides a global service and supply network
including full life-cycle support and remanufacturing, and its vehicles are
recognized the world over for superior performance, reliability and protection.
For more information, visit www.oshkoshdefense.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 Corp. manufactures, distributes and
services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®,
Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline, SMIT, 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, which could lead to additional impairment charges related
to many of the Company`s intangible assets; risks related to the required
increase in the rate of production for the M-ATV and FMTV contracts, and the
amount, if any, of additional orders for M-ATVs and/or FMTVs that the Company
may receive; the outcome of the formal protests of the FMTV award to the
Company: 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; risks
related to production delays as a result of the economy`s impact on the
Company`s suppliers; the potential for commodity costs to rise sharply in a
future economic recovery; risks associated with international operations and
sales, including foreign currency fluctuations; risks related to the
collectibility 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. All
forward-looking statements speak only as of the date of this press release. The
Company assumes no obligation, and disclaims any duty, to update or revise
publicly any forward-looking statements, whether as a result of new information,
future events or otherwise.

Oshkosh Corporation
Financial:
Patrick Davidson, 920-966-5939
Vice President, Investor Relations
Media:
Ann Stawski, 920-966-5959
Vice President, Marketing Communications

Copyright Business Wire 2009