Oshkosh Delivers Two M-ATV Production Vehicles for Military Evaluation

Oshkosh Corporation (NYSE:OSK), announced today that its Defense division delivered two production-representative MRAP All Terrain Vehicles (M-ATV) to the U.S. Army’s Aberdeen Proving Ground in Maryland for military evaluation. The mission-proven Oshkosh® M-ATV meets the survivability and mobility requirements of the warfighter for Afghanistan. The U.S. Armed Services have an urgent need requirement for M-ATVs to be used in the harsh conditions of Afghanistan. The M-ATV contract has a potential award value of $2 billion.

The Oshkosh M-ATV boasts commonality with the Department of Defense’s fleet of Medium Tactical Vehicle Replacement (MTVR), Palletized Load System (PLS), Logistics Vehicle System Replacement (LVSR) and current Mine Resistant Ambush Protected (MRAP) vehicles. The result is an Oshkosh vehicle that is mature, nondevelopmental and cost-effective for U.S. Armed Services, allowing for parts availability within the logistics system and probable, high readiness levels.

“The two Oshkosh M-ATVs delivered to Aberdeen offer unmatched survivability and off-road mobility, and incorporate existing military-tested components that make it the best value to the government and the taxpayer,” said John Stoddart, Oshkosh Corporation executive vice president and president, Defense. “These vehicles need to operate in some of the most rugged terrains in the world. An accelerated yet effective durability test will prove the Oshkosh M-ATV to be the most reliable and mobile vehicle available for the military’s urgent need to navigate the extreme terrain in Afghanistan.”

To ensure superior protection and survivability, Oshkosh is partnered with Plasan North America to provide the Oshkosh M-ATV’s armor system, which is in place on 5,000 current MRAP vehicles and the Armored Cab MTVRs and has saved lives in Iraq and Afghanistan. The vehicle also will feature Oshkosh’s signature TAK-4® independent suspension system for exceptional off-road ride quality and durability to meet the essential mobility capability not available in the current MRAP fleet. Oshkosh pioneered all-wheel drive for off-road mobility over 90 years ago and continues to offer the best off-road mobility for tactical wheeled vehicles.

Oshkosh offers low life-cycle costs, and the company’s pre-contract investments have resulted in lowered risk and accelerated production readiness. In addition, Oshkosh Defense Aftermarket provides global logistics support and in-theater refurbishment services, which reduces vehicle shipping costs for servicing and allows for faster returns to the field.

About Oshkosh Defense

Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit www.oshkoshdefense.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 Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, Geesink™, Norba™, Kiggen™, CON-E-CO®, London® and IMT®. Oshkosh products 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.

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 the consequences of financial leverage associated with the JLG acquisition, especially given turmoil in the credit markets, the level of the Company’s borrowing costs and the Company’s ability to successfully amend its credit agreement to provide financial covenant relief; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the Company’s ability to obtain cost reductions on steel and other raw materials following sharp cost increases in 2008, obtain other cost decreases or achieve product selling price increases; the duration of the global recession and its adverse impact on the Company’s share price, which could lead to 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; risks associated with international operations and sales, including foreign currency fluctuations; the Company’s ability to turn around its Geesink business; risks related to the collectibility of receivables during a recession, especially access equipment receivables; 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.

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