Oshkosh Truck Corporation [NYSE:OSK] announced today it has been awarded a contract to provide 35 specially-designed Heavy Equipment Transport (HET) military vehicles to meet logistics and transport requirements set by the Egyptian Ministry of Defense. Valued at more than $16 million, the contract includes the 35 HETs, 35 trailer kits, training services and support, and field service representative support. This contract is the second contract in 2007 for Oshkosh Truck and the Egyptian Ministry of Defense.
The HET is designed to transport battle tanks, fighting and recovery vehicles, armored vehicles or construction equipment and their crews so they arrive in mission-ready condition. “This vehicle has been integral to our logistics fleet since 2000,” said H.E. Sayed Meshaal, Egypt’s Minister of State for Military Production. “We appreciate Oshkosh Truck’s proven equipment and support personnel, and are proud to continue our working relationship with the company.”
“This order for additional HETs helps expand the Egyptian Ministry of Defense logistics capabilities,” said John Stoddart, Oshkosh Truck executive vice president and president, Defense Group. “The equipment and service package Oshkosh Truck will deliver to the Egyptian military will save wear and tear on heavy equipment while reducing transportation costs.”
Under a contract from earlier this year, Oshkosh Truck is providing initial orders of its Medium Tactical Truck (MTT), valued at $4.9 million, and also supplies the Egyptian military with its M977 HEMTT 8X8 logistics vehicle. The first Oshkosh Truck military vehicles went into service in Egypt in 1990 and have been fully supported by Oshkosh since that time.
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.
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920.966.5959
