OSHKOSH, Wis .– (BUSINESS WIRE) – The U.S. Postal Service (USPS) announced today that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK), an Indefinite Delivery, Indefinite Quantity (IDIQ) contract to produce the Next Generation Delivery Vehicle (NGDV), the USPS ‘first large-scale fleet acquisition in three decades. The competitively awarded contract allows the delivery of between 50,000 and 165,000 vehicles over a 10-year period.
“Oshkosh operates with an unmatched commitment to those who depend on our products and services to build, protect and serve communities around the world. We are honored to have been selected by the USPS to support their important work by building next-generation American-made delivery vehicles that will connect every home and business in America for decades to come, ”said John Pfeifer, President and director of operations. , Oshkosh Corporation.
Oshkosh Defense will build fuel-efficient zero-emission battery electric vehicles (BEV) and fuel-efficient low-emission internal combustion engine (ICE) vehicles, enhancing the USPS fleet to become increasingly sustainable. Under the contract announced today, USPS has agreed to pay Oshkosh Defense $ 482 million to initiate engineering efforts to finalize the design of the production vehicle and for the tools and factory construction activities that are required prior to production. vehicle.
“Our century-long history of delivering products to customers, operating in some of the most demanding and severe conditions on the planet, uniquely positions us to provide exceptional reliability, safety and maintenance to USPS next-generation delivery vehicles. “Said John Bryant. Executive Vice President of Oshkosh Corporation and President of Oshkosh Defense.
“By partnering with trusted vendors, we have developed a solution specially designed to support the current and future needs of the USPS,” concluded Bryant. Production of the next-generation delivery vehicle is expected to begin in 2023.
About Oshkosh Defense
Oshkosh Defense is a world leader in the design, production and maintenance of best-in-class military vehicles and mobility systems. As a pioneer in combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that promote troop safety and mission success. Setting the industry standard for maintaining fleet readiness, Oshkosh ensures that all solutions are compatible around the world throughout their entire life cycle.
Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].
Learn more about Oshkosh Defense at www.oshkoshdefense.com.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we build innovative, mission-critical equipment to help everyday heroes advance in communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 14,000 team members around the world, all united by a common cause: making a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline ™, Jerr-Dan®, Oshkosh® Airport Products, Pratt Miller and London ™ brands. For more information, visit oshkoshcorp.com.
®, ™ All brands mentioned in this press release are trademarks of Oshkosh Corporation or its subsidiaries.
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, without limitation, statements regarding the financial future of the Company. position, business strategy, goals, projected sales, costs, earnings, capital expenditures, levels of debt and cash flows, and management plans and objectives for future operations, are forward-looking statements. When used in this press release, words such as “may”, “will do”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “project” or “plan” or the negative thereof or variations thereto 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 control of the Company, which could cause actual results to differ materially from those expressed. or implicit in such future. gaze statements. These factors include the overall impact of the COVID-19 pandemic on the Company’s business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that government authorities and others can take to address or mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company’s customers, suppliers and employees; the cyclical nature of the Company’s fire, emergency, and access equipment markets, which are particularly affected by the strength of the US and European economies and construction seasons; the Company’s ability to raise prices or impose surcharges to increase margins or offset higher input costs, including increased costs for commodities, raw materials, labor, and freight; the Company’s estimates of the demand for access equipment, which, among other factors, is influenced by historical customer purchase patterns and the rental company’s fleet replacement strategies; the strength of the US dollar and its impact on the Company’s exports, the conversion of foreign sales and the cost of purchased materials; the expected level and timing of the acquisition of products and services by the U.S. Department of Defense (DoD) and international defense customers, and the acceptance and financing or payments for such products and services ; the Company’s ability to predict the level and timing of indefinite delivery orders / indefinite quantity contracts with the U.S. federal government.the risks associated with reductions in government spending in light of budget pressures from US defense and an uncertain strategy of tactical wheeled vehicles from the Department of Defense; the impact of any request from the Department of Defense to compete for future contracts to produce military vehicles; potential impacts of budget constraints facing the USPS and continuously changing demands for postal services; risks related to the expansion, consolidation and alignment of the facilities, including the amounts of costs and related charges and that anticipated cost savings may not be achieved; projected adoption rates for work-at-height machinery in emerging markets; the impact of severe weather, natural disasters or pandemics that may affect the Company, its suppliers or its customers; performance problems with suppliers or subcontractors; risks related to the collection of accounts receivable, particularly for those businesses with exposure to the construction markets; the cost of warranty campaigns related to the Company’s products; risks associated with international sales and operations, including compliance with the Foreign Corrupt Practices Act; risks that a trade war and related tariffs could reduce the competitiveness of the Company’s products; the Company’s ability to comply with complex laws and regulations applicable to US government contractors, cybersecurity risks, and the costs of defending, mitigating, and responding to data security threats and breaches; the Company’s ability to successfully identify, complete and integrate acquisitions and obtain the anticipated benefits associated therewith; and risks related to the Company’s ability to successfully execute its strategic roadmap and meet its long-term financial goals. Additional information on these and other factors is included 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 assumes no obligation, to update the information contained in this press release. Investors should note that the Company cannot update such information until the Company’s next quarterly earnings conference call, if at all.