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Republic of Ghana Orders 104 Custom Fire Trucks from Pierce

01/12/2011

Order Also Features Products from IMT and Jerr-Dan

OSHKOSH, Wis., Jan 12, 2011 (BUSINESS WIRE) -- Oshkosh Corporation (NYSE: OSK) announced today that its subsidiary, Pierce Manufacturing, has received an order for 104 custom fire trucks from U.S. exporter Project Development International (PDI) for Ghana's Ministry of Interior Service and the Ghana National Fire Service. The order includes a combination of 90 pumper tanker units, 10 water tender vehicles and four aerial ladder vehicles. Shipment of the vehicles will be completed by early 2012. This order is valued at more than $31 million.

"We are excited to have been selected by Project Development International and the Republic of Ghana for an order of this magnitude. This is a major accomplishment and a significant step for the Pierce brand to expand globally," said Charlie Szews, Oshkosh Corporation president and chief executive officer. "Pierce and our other Oshkosh companies earned this award based on the quality of our vehicles, technology, and aftermarket support, and we look forward to serving the Republic of Ghana. This is a comprehensive effort by our international team across the entire Oshkosh Corporation."

The Pierce vehicles will replace existing units and will help the Ghana National Fire Service in its planned expansion from 136 to 202 fire stations across the country.

In addition to Pierce fire apparatus, the order includes the following additional Oshkosh Corporation products: 13 Jerr-Dan HDL 500 heavy-duty wrecker vehicles and four IMT service trucks.

Pierce dealer, Fire Raiders, Inc., of South Africa will open a facility in the Republic of Ghana to provide local service and support.

About Pierce Manufacturing

Pierce Manufacturing Inc., an Oshkosh Corporation [NYSE: OSK] company, is the leading North American manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, wildland trucks, minipumpers, elliptical tankers, and homeland security apparatus. In addition, Pierce designs its own foam systems and was the first company to introduce frontal airbags and the Side Roll Protection system to fire apparatus. To learn more about Pierce, visit www.piercemfg.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®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline(TM), SMIT(TM), 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, 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 impact on revenues and margins of the projected decrease in M-ATV production rates; the cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the Company's ability to produce vehicles under the FMTV contract at targeted margins; 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 equity market expectations; the expected level and timing of 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 potential for the U.S. government to competitively bid the Company's Army and Marine Corps contracts; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company's ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; 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 costs and charges as a result of facilities consolidation and alignment; risks related to production delays arising from supplier 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 work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company's global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company's distribution networks. 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. Investors should be aware that the Company may not update such information until the Company's next quarterly earnings conference call, if at all.

SOURCE: Oshkosh Corporation

Oshkosh Corporation
Financial:
Patrick Davidson, 920.966.5939
Vice President of Investor Relations
or
Media:
John Daggett, 920.233.9247
Vice President of Communications