Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today that the company recently produced the 10,000th Joint Light Tactical Vehicle (JLTV).
This significant milestone represents over a decade of proprietary experience in designing, building, and delivering the world’s most capable light tactical vehicle. Since the program was awarded to Oshkosh Defense in August 2015, the company has built a robust, dependable supply chain; optimized its manufacturing process and maximized efficiencies; and provided JLTVs at a contractual price substantially lower than the Government cost estimate.
“This milestone is a true testament to the pride and dedication that our team members have in the JLTV program which has become a central piece of the U.S. military’s ground force,” said George Mansfield, Vice President and General Manager of Joint Programs for Oshkosh Defense. “Producing the 10,000th JLTV in under five years is further evidence of our ability to meet the demands of our domestic and international customers by providing the world’s most capable light tactical vehicle at a great price. We’re excited to continue working with our military customer to further refine and expand the platform.”
To date, Oshkosh Defense has received orders for 18,126 JLTVs for a total contract value over $6 Billion. Over 6,500 of those vehicles have been fielded with Warfighters around the globe, including over 30 U.S. and international military installations.
International interest in the Oshkosh Defense JLTV also continues to grow. Oshkosh Defense has received orders or commitments from seven NATO and non-NATO allies including United Kingdom, Belgium, Montenegro, Slovenia, Lithuania, Brazil, and North Macedonia.
About Oshkosh Defense
Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles and mobility systems. As a pioneer of combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that advance troop safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every vehicle is supported worldwide throughout its entire life cycle.
Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK]. Learn more about Oshkosh Defense at www.oshkoshdefense.com
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 14,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline™, Jerr-Dan®, Oshkosh® Airport Products, CON-E-CO® and London™. For more information, visit oshkoshcorp.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 guaranteeing 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.
