Oshkosh Defense Confirms Intent to Bid for Canada's MSVS SMP
Mission-proven defence vehicles, Canada-wide network of suppliers are to be cornerstones of the Oshkosh submission
OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Defense, a division of Oshkosh Corporation (NYS: OSK) , reconfirmed its support for Canadian tactical vehicle modernization programmes by announcing its intent to respond to the Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) request for proposal. Oshkosh Defense will propose a solution that leverages the company's mission-proven vehicle platforms, advanced automotive and safety technologies and life-cycle sustainment solutions to offer the overall best value to the Canadian Government.
The MSVS SMP solution from Oshkosh Defense, shown here in the Cargo variant, combines state-of-the-art drive train, advanced suspension, improved braking and superior armour protection systems. (Photo: Oshkosh Defense)
"We are committed to providing tactical vehicles with the performance and protection that Canadian Forces require to keep their missions moving," said John Urias, Oshkosh Corporation executive vice president and president of Oshkosh Defense. "By developing a nationwide network of suppliers, Oshkosh Defense is well-positioned to support Canadian vehicle modernization strategy and bring measurable benefits to the Canadian economy."
"The Oshkosh MSVS SMP solution is designed to improve the protection and performance capabilities of the Canadian Forces' medium-payload fleet, both today and for decades to come," said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. "The MSVS SMP technical solution developed by Oshkosh is based on a platform with more than one billion real-world operational kilometres in missions around the globe."
Designed to meet the Canadian Forces' requirements for highly reliable, durable logistics vehicles for a broad range of missions, the Oshkosh MSVS SMP combines state-of-the-art drive train, advanced suspension, improved braking and superior armour protection systems.
Oshkosh Defense will serve as the prime contractor for the programme and use its Canadian network of suppliers and assembly capabilities to return value to the Canadian economy. Oshkosh programme management, industrial regional benefits (IRB) management, engineering, contract management, and purchasing support for the MSVS SMP programme will be conducted from the Oshkosh Defense Canada office in Ottawa, Ontario.
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For more than 90 years, 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 defence industry experts and complete range of sustainment and training services to optimize fleet readiness and performance.
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 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®, Jerr-Dan®, Frontline™, 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.
®, TM All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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 cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; the expected level and timing of the DoD procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company's ability to successfully manage the cost reductions required as a result of the significant projected decrease in sales levels in the defense segment; the Company's ability to comply with laws and regulations applicable to U.S. government contractors; the Company's ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; 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 Company or equity market expectations; 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 production or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; and risks related to the Company's ability to successfully execute on its strategic road map and meet its long-term financial goals. 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.
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Jennifer Ma, 920-233-9606
Sr. Manager, Global Marketing Communications
KEYWORDS: United States North America Canada Wisconsin
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