Oshkosh Corporation Subsidiary, JLG Industries, Awarded USD $24.7M Contract from U.S. Navy

Business Wire, Feb 15, 2008

OSHKOSH, Wis. -- Oshkosh Corporation (NYSE:OSK) announced that its access equipment subsidiary, JLG Industries, Inc., the world's leading producer of access equipment, was awarded a delivery order valued at USD $24.7 million for 197 JLG([R]) Millennia Military Vehicle (MMV) telescopic material handlers for the U.S. Navy. The order was awarded by the Defense Supply Center of Philadelphia.

"Oshkosh Corporation continues to support the military efforts through our industry-leading brands. This contract for additional JLG MMV telehandlers will provide the U.S. Navy Seabees Construction Battalion with essential equipment to perform their duties with greater safety, performance and comfort," said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer.

Since 2001, more than 800 MMVs have been deployed to the U.S. Marine Corps and Navy. In addition to combat operations, the MMV has been used in relief efforts after the Indian Ocean tsunami in 2004 and Hurricane Katrina in 2005.

The MMV telehandler features a maximum load capacity of 11,000 pounds and a Load Moment Indicator system to inform the operator of the capacity limit. The MMV can operate in climates ranging from minus 25 degrees to 120 degrees Fahrenheit. Three steering modes provide for greater maneuverability, and the powerful 110-hp Cummins engine supplies improved power for off-road mobility. The availability of multiple attachments such as various fork configurations, a utility bucket, and fork-rollers provide added versatility, and the Quick Attach system allows carriage changes in less than 10 minutes.

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([R]), JLG([R]), Pierce([R]),McNeilus([R]), Medtec([R]), Jerr-Dan([R]), BAI([R]), Oshkosh Specialty Vehicles([R]), Frontline([R]), SMIT([R]), Geesink([R]), Norba([R]), Kiggen([R]), Con-E-Co([R]), London([R]) and IMT([R]). Oshkosh's 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 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 access equipment, commercial and fire & emergency markets, especially during a recession, which the U.S. economy may be entering; 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.