Appleton, Wis. (July 30, 2009) - Pierce Manufacturing, an Oshkosh Corporation (NYSE:OSK) company, today announced an order from the United States Navy for eight Pierce® fire apparatus. The order includes two 100-foot aerial platforms built on Pierce Velocity™ custom chassis, two 75-foot aerial ladders also on Velocity chassis, and four Contender® by Pierce patrol brush trucks built on Ford F-450 chassis. The eight vehicles will be deployed at U.S. Naval bases beginning in September 2009. The total purchase price is $3.2 million.
The U.S. Navy procured these vehicles through contracts with the General Services Administration (GSA) and the Defense Logistics Agency (DLA). Pierce was selected from among manufacturers responding to requests for proposals.
"With this announcement coming less than one month after a landmark 31 vehicle custom apparatus order, we are honored that Pierce was again selected by the U.S. Navy for this new order of eight apparatus," said Wilson Jones, Oshkosh Corporation executive vice president and president, Fire & Emergency. "We believe it reflects our capability to offer our customer a wide range of vehicle types and configurations to meet its diverse and demanding firefighting requirements."
Each of the two 100-foot aerial platforms features a 500-hp engine, TAK-4® independent front suspension, seating for four firefighters, a ten-inch raised roof, an EMS compartment inside the cab, and Command Zone® advanced electronics. The firefighting systems include a 2,000-gpm single stage pump, 300-gallon water tank, 1000 feet of five-inch hose and a Control Zone™ pump panel.
The two heavy-duty aluminum aerial ladders each feature a 425-hp engine, 6-speed automatic transmission, 19-inch front bumper extension, front airbag protection system, 340-amp alternator and a 500-gallon water tank. The aerial device features a 750-lb tip load capacity, 1500-gpm high flow waterway, a single set of stabilizers, LED lighting on the base and fly sections, and remote tip controls.
Each of the four Contender brush trucks features a Ford F-450 chassis with a 6.4L diesel engine, 5-speed automatic transmission, 250-gallon water tank, a skid-mounted firefighting system with a Darley pump and gasoline engine, and a hose reel capacity of 100-feet of 1-inch hose.
About Pierce Manufacturing
Pierce Manufacturing Inc., an Oshkosh Corporation [NYSE: OSK] company, is the leading North American manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, wildland trucks, minipumpers, elliptical tankers, and homeland security apparatus. In addition, Pierce designs its own foam systems and was the first company to introduce frontal airbags and the Side Roll Protection system to fire apparatus.
To learn more about Pierce visit www.piercemfg.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 Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI™, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. The Oshkosh brands 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.
For More Information, Contact:
Linda Bartelt, Director of Marketing Communications
920.832.3047
[email protected]
®, ™ 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 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, including the level of the Company's borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company's ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession and its adverse impact on the Company's share price, which could lead to additional 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; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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.
