OSHKOSH, Wis. Jan. 27, 2010 – Oshkosh Corporation (NYSE: OSK), announced today that its subsidiary, Pierce Manufacturing, reported its first ever sale of Pierce fire apparatus in China. A new order for six Pierce® custom pumpers was received from the Nanjing, Jiangsu Province Fire Bureau in the People’s Republic of China. The vehicles are scheduled for delivery in June 2010.
“Pierce is honored to have been selected by the Jiangsu Province Fire Bureau for this municipal fire truck order. We are proud to provide this new customer with the most technologically-advanced and best performing fire trucks in the world,” said Wilson Jones, Oshkosh Corporation executive vice president and president, Fire & Emergency. “The sale reflects Oshkosh Corporation’s dedication to increasing international sales through outstanding customer support and after sales service.”
The contract will provide Jiangsu Province with advanced fire protection along with technical services and parts. The six Pierce pumpers, built on Saber® chassis, are customized to meet the unique needs of the Jiangsu Province Fire Department and also to meet the China Compulsory Certification (CCC) standards concerning product safety. Jiangsu Province is located 300km west of Shanghai, has a population of 73 million and its gross domestic product is amongst the strongest in China. The region aspires to be the high-technology corridor of China and most of the largest global companies have a presence there. Urbanization in Jiangsu Province is second only to that in the city of Shanghai.
“Oshkosh first made inroads to China by selling our Airport Rescue & Fire Fighting equipment. We were able to build upon those relationships to introduce the region to the Pierce fire apparatus and the features that these specialized departments need,” said Desmond Soh, Oshkosh Corporation president Asian Operations. “This is a milestone for both the customer and the company, and we will continue to leverage the relationships.”
Each Pierce pumper is equipped with a 1500 gallons per minute (gpm) midship pump, Husky® 12 foam system and a 200 cfm (95 lps) compressed air foam system(CAFS) for enhanced firefighting power. Other features include a 10-inch raised roof cab for easier ingress and egress and large storage compartments with roll-up doors. In addition, the vehicles are engineered with a removable passenger side pump panel to allow easier access for maintenance.
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™, SMIT™, CON-E-CO®, London® and IMT®. The Oshkosh brands 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 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.
