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Oshkosh Defense Receives Delivery Orders of $31 Million for U.S. Marine Corps Medium Fleet

01/08/2010

OSHKOSH, Wis., Jan 08, 2010 (BUSINESS WIRE) -- Oshkosh Corporation (NYSE: OSK) today announced that its Defense division has received two delivery orders valued at $31.5 million from Marine Corps Systems Command (MARCORSYSCOM) to install armor kits on 300 vehicles and manufacture more than 90 Medium Tactical Vehicle Replacements (MTVR) for the U.S. Marine Corps.

Oshkosh Defense will supply the Marine Corps with primarily the cargo variant of the vehicle as well as a few tractors, wreckers and dump variants of the MTVR. Production at the company's Oshkosh, Wis. facilities will be completed by September 2010. Installation of the MTVR armor kits will be finished at two of the company's regional service centers in Jacksonville, N.C., and Oceanside, Calif.

The Oshkosh MTVR is an all-terrain, multipurpose logistics vehicle used by the Marines and Navy Seabees. The MTVR uses the Oshkosh(R)TAK-4(R) independent suspension system, which has undergone more than 500,000 miles of government testing to achieve superior off-road mobility. Featuring an off-road 7.1-ton payload capacity and an on-road 15-ton payload capacity, the MTVR comes in several variants for the transportation of troops, materials or equipment. Oshkosh has supplied the Marines and Seabees with more than 10,000 MTVRs, which have been successfully operating in off-road missions in Iraq, Afghanistan and around the world.

Oshkosh has produced more than 70,000 military-class vehicles at its facilities. Oshkosh has the available capacity, highly skilled workforce and proven manufacturing capability to deliver this medium truck order and vehicles for other Defense programs, including the MRAP All Terrain Vehicle (M-ATV) and the U.S. Army's Family of Medium Tactical Vehicles (FMTV), as well as the capability to meet any surges in production if needed.

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(R), JLG(R), Pierce(R), McNeilus(R), Medtec(R), Jerr-Dan(R), Oshkosh Specialty Vehicles, Frontline(TM), SMIT(TM), CON-E-CO(R), London(R) and IMT(R). 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.

(R), (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 risks related to the required increase in the rate of production for the M-ATV contract and the amount, if any, of additional orders for M-ATVs that the Company may receive; 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; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof, including the outcome of the formal protests of the Family of Medium Tactical Vehicles (FMTV) award to the Company; risks related to reductions in government expenditures and the uncertainty of government contracts; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company's ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; 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 obligation, to update information contained in this press release.

SOURCE: Oshkosh Corporation

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