Oshkosh Truck Subsidiary, Pierce, Receives $21.7 Million Contract from U.S. Army for 31 Tactical Fire Trucks.Business Editors OSHKOSH, Wis.--(BUSINESS WIRE)--May 6, 2004 Oshkosh Truck Corporation (NYSE NYSE See: New York Stock Exchange : OSK OSK On Screen Keyboard OSK Osaka Shosen Kaisha (Japanese shipping line) OSK One Shot Kill (gaming clan) OSK Oslo Seilflyklubb (Norwegian: Oslo Gliding Club) ) announced today that its subsidiary, Pierce Manufacturing Inc., the leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of custom fire apparatus, received a second major order from the U.S. Army for 31 Tactical Fire Fighting Trucks (TFFT TFFT Tactical Fire Fighting Truck (military) TFFT The Flying Fish Theatre TFFT Turns From Finger Tight TFFT Thank Freak For That (polite form) TFFT Time-based Fast Fourier Transform ). The contract is valued at approximately $21.7 million, with an option for another 31 units. Deliveries are scheduled to be completed by the end of calendar 2005. "With all Americans concerned about security, it's crucial that America's military have the tools to meet these security challenges. We're proud again - as we always are - to serve the U.S. Army by providing these remarkable all-terrain firefighting trucks," said Robert G. Bohn, Oshkosh's chairman, president and chief executive officer. "Firefighting in a military situation can be complicated. That's why it takes a special vehicle to handle these situations. The TFFT combines leading-edge mobility technology from Oshkosh and advanced firefighting technology from Pierce," continued Bohn. The TFFT was a joint development project between Oshkosh and Pierce. It features an all-wheel-drive Oshkosh(R) HEMTT HEMTT Heavy Expanded Mobility Tactical Truck M977 chassis with a 450-horsepower engine, an Allison HD 4560 automatic transmission and 62,000 pound gross vehicle weight rating A gross vehicle weight rating (GVWR) is the maximum allowable total weight of a road vehicle or trailer that is loaded, including the weight of the vehicle itself plus fuel, passengers, cargo, and trailer tongue weight. . The firefighting system includes a 1,000-gallon water tank, a Husky(R) foam system, 500-gpm roof turret and 250-gpm bumper turret. Units are used in structural fire protection, wildland and brush firefighting, fuel and ammunition storage protection, and rescue extrication extrication Emergency medicine The process of removing a person from an entrapment, usually from a motor vehicle, often requiring the use of special tools. See Jaws of life. . The TFFT contract is being procured through U.S. Army Tank-Automotive and Armaments Command The U.S. Army's TACOM Life Cycle Management Command (LCMC), formally known as Tank-automotive and Armaments Command, (TACOM), headquartered in Warren, MI, is part of AMC, the U.S. Army Materiel Command. in Warren, Mich. The U.S. Army has previously purchased 43 TFFTs from Pierce. Pierce Manufacturing, Inc. is the leading North American manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, wildland trucks, minipumpers and elliptical el·lip·tic or el·lip·ti·cal adj. 1. Of, relating to, or having the shape of an ellipse. 2. Containing or characterized by ellipsis. 3. a. tankers. The company designs and manufactures its own foam systems. To learn more about Pierce, visit www.piercemfg.com. Oshkosh Truck Corporation (NYSE: OSK) is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(R), Geesink and Norba brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.9 billion in fiscal 2003. To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com Forward-Looking Statements This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. 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 the company "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, without limitation, risks related to reductions in government expenditures, the uncertainty of government contracts and the possibility that expected cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission. |
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