Custom engineered apparatus purpose-built to meet customer requirements.
OSHKOSH, WIS. - Saturday, June 6th 2015 [ME NewsWire]
(BUSINESS WIRE)-- Oshkosh Fire & Emergency Group, part of Oshkosh Corporation (NYSE: OSK), has been selected by Saudi Aramco to engineer and manufacture 22 heavy-duty industrial multi-purpose firefighting apparatus. Custom engineered by Oshkosh Corporation subsidiary Pierce Manufacturing (North America’s leading apparatus brand), the vehicles will be placed into service beginning in mid-2016 at Saudi Aramco facilities.
“The Pierce brand is synonymous with top quality, custom-built fire and emergency apparatus of all types, and we are proud to be selected by Saudi Aramco for this significant purchase,” said Jim Johnson, Oshkosh Corporation executive vice president and president, Fire & Emergency. “It’s a testament to Pierce’s well-earned reputation for quality and performance, as well as the expanding support infrastructure we have in place to provide an unmatched level of after-the-sale service to customers in the Middle East.”
All 22 of the vehicles are built on a heavy-duty Pierce custom chassis and are specifically engineered for the unique requirements of industrial firefighting applications. Service and support will be provided by Oshkosh Fire & Emergency Group. Last month, Oshkosh announced an expanded presence in the Middle East to better serve Oshkosh and Pierce customers throughout the region.
Saudi Aramco is headquartered in Dhahran, Saudi Arabia. The state-owned oil company of the Kingdom of Saudi Arabia, Saudi Aramco is a fully integrated, global petroleum enterprise and a world leader in exploration, production, refining, distribution, marketing and petrochemicals manufacturing.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide by rental companies, concrete placement and refuse businesses, fire & emergency departments, municipal and airport services and defense forces, where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.
®, ™ 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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S. and European economies; the strength of emerging market growth and projected adoption rates of work at height machinery; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment; the Company’s ability to win a U.S. Joint Light Tactical Vehicle production contract award and international defense contract awards; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; global economic uncertainty, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than Company or equity market expectations; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; cyber security risks and costs of defending against, mitigating and responding to a data security breach; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
Contacts
Oshkosh Corporation
Media: John Daggett
Vice President of Communications
920.233.9247
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