Photo credit: Pierce/US Navy
Appleton, Wis. (July 2, 2009) - Pierce Manufacturing, an Oshkosh Corporation (NYSE:OSK) company, today announced a new order from the United States Navy for 29 Contender® by Pierce custom pumper fire trucks. This is in addition to a recent separate order for two Pierce® Velocity® HAZMAT vehicles. The 31 vehicles will be deployed at U.S. Naval bases within the United States and around the globe beginning in early 2010. The total contract amount is $10.3 million.
The vehicles were procured through contracts with the General Services Administration (GSA) and the Defense Logistics Agency (DLA). Requests for proposals were solicited, and Pierce was selected from responding manufacturers.
"Pierce continues to expand its sales and service offerings to the U.S. Navy and we are able to provide more sophisticated apparatus like the units represented in these contracts," said Wilson Jones, Oshkosh Corporation executive vice president and president, Fire & Emergency. "We're proud to have our vehicles on duty protecting the lives and property of those who defend America. It's gratifying to see the Navy continue to select Pierce apparatus."
Each of the 29 Contender by Pierce custom pumpers is built to deliver quality and value. Each is equipped with a 330-hp engine, 6-speed automatic transmission, LED light package and a 6 kW generator with 110V lighting. The firefighting systems include a powerful 1250 GPM single stage pump, stainless steel plumbing, 750-gal. poly water tank, Husky® 12 foam system with 70 gal. foam cell and a radio remote controlled monitor and nozzle. The units also offer a hydraulic ladder rack, roll-up doors and full height compartments with adjustable shelving for organizing equipment.
The two HAZMAT vehicles are built on Pierce Velocity custom chassis, each with a 21.5-ft body, a command cab with a 20-in. raised roof and a communications area that includes a full-width, L-shaped desk. Other notable features include TAK-4® independent front suspension, four-person seating, 515-hp engine and a 22-in. extended front bumper. Included are a 40 kW three-phase generator, breathing air compressor with a breathing air cascade system and a fill station. Each unit also features a 15-ft. powered light mast, safety vision rear camera system and a vertical mast with surveillance camera.
As part of the contract, Pierce will supply two full days of vehicle training through its nationwide dealer network.
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®, BAI™, 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 about Oshkosh Corporation visit www.oshkoshcorporation.com
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
For Further Information, Contact:
Linda Bartelt, Director of Marketing Communications
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 and its adverse impact on the Company's share price, 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; risks related to reductions in government expenditures and the uncertainty of government contracts; 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 collectability 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.