Oshkosh Truck Corporation (NYSE:OSK) announced that its subsidiary Pierce Manufacturing Inc. has been awarded a five-year, Firm Fixed Price contract by the U.S. Army Tank-Automotive and Armaments Command (TACOM) for the production of 10 Oshkosh® Heavy Expanded Mobility Tactical Truck (HEMTT) platform-based Water Tender (HEWATT) vehicles, worth $4.5 million. The initial order could lead to a total of 119 vehicles under this new contract, with an estimated total value of $56 million. The vehicles are scheduled for delivery beginning in June 2008.
The five-year contract was awarded after four HEWATT vehicles were delivered to and evaluated by TACOM at the U.S. Army Yuma Proving Ground earlier this year. The HEWATT is designed as a multi-purpose water distributor, capable of providing structural and airfield crash/rescue support alongside the Pierce® Tactical Fire Fighting Truck (TFFT).
The HEWATT can operate under extreme conditions and in a broad range of terrain, ranging from secondary roads to cross-country. The HEWATT water tender is built to support the TFFT while providing supplementary fire suppression capabilities.
"Earlier this year TACOM put four of our water tenders to the test. This contract is a direct result of the HEWATT’s performance and reliability in those tests,” said Wilson Jones, president of Pierce Manufacturing. “This is among the largest U.S. Army contracts received by Pierce, and we look forward to fulfilling TACOM’s need for powerful and reliable water tenders used to help protect our soldiers."
Each HEWATT is each equipped with a 2,500 gallon integrated water tank, 500 gpm single-stage pump, 50 gallon foam cell, 250 gpm front bumper mounted turret/monitor, Detroit Diesel 8V92TA electronic engine, two-person seating, an 8 x 8 axle configuration, Oshkosh two-speed transfer case and LED lighting.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire and emergency and military vehicles and vehicle bodies. Oshkosh's products are valued worldwide by rental companies, fire and emergency units, defense forces, municipal and airport support services, and concrete placement and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshtruckcorporation.com.
Forward-Looking Statements
This press release contains statements that the company believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions 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 that 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 markets, the company’s ability to successfully integrate the JLG acquisition, the consequences of financial leverage associated with the JLG acquisition, risks related to reductions in government expenditures, the uncertainty of government contracts and the company’s ability to turnaround its Geesink Norba Group business. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission.
Contacts:
Financial:
Patrick Davidson,
920-966-5939
Vice President, Investor Relations
or
Media:
Ann
Stawski, 920-966-5959
Vice President, Marketing Communications
