OSHKOSH, Wis., Mar 06, 2006 (BUSINESS WIRE) -- Oshkosh Truck Corporation (NYSE:OSK), a leading manufacturer of specialty trucks and truck bodies, announced today that it has added an armored vehicle to its stable of combat-proven military trucks. Under a licensing agreement with the vehicle's developer, ADI Limited of Australia, Oshkosh Truck will market, manufacture and support the Bushmaster armored vehicle for North American customers as well as countries eligible for Foreign Military Sales. Senior executives from both companies signed the agreement at a ceremony held at the Australian Embassy, on Friday, Feb. 24.
The Bushmaster was originally developed by ADI, in conjunction with the Australian Defence Force. The vehicle is mine-blast resistant due to its v-shaped hull, and its armor provides IED and ballistic protection to its occupants. The vehicle's mission profile requires it to travel long distances over rough terrain and deliver its occupants to their destination as safely and comfortably as possible, making them more effective in a tactical environment. There are currently over 100 Bushmaster vehicles in service with the Australian Defence Forces, with a number of the vehicles deployed with Australian units in support of Operation Iraqi Freedom. An additional 200 vehicles are under contract and scheduled for production at ADI's Bendigo (Australia) facility.
"The Bushmaster provides Oshkosh Truck with an even greater ability to support our customer through a wider spectrum of conflict", said John Stoddart, Oshkosh's executive vice president and president, defense. "As threats and the nature of conflict have evolved, the need for vehicles offering greater safety has grown. This vehicle can meet that need by not only improving troop safety, but delivering the level of performance the military expects from an Oshkosh vehicle."
Oshkosh plans to manufacture Bushmaster vehicles at its defense manufacturing facility in Oshkosh, Wisconsin, and can support significant volumes of Bushmaster vehicle production if required. ADI's Bendigo facility will work in conjunction with Oshkosh Truck to support any increase in demand.
Steps are also being taken to integrate components currently used on Oshkosh Truck's fleet of military logistics vehicles. This will increase parts commonality between the Bushmaster and vehicles currently used by the U.S. military, making it easier and less expensive for the U.S. military to supply logistics to a Bushmaster fleet. Oshkosh Truck is already providing logistics support to the Australian Bushmaster fleet in Iraq and Afghanistan through its global parts and service network.
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(TM), Geesink(R), Norba(R), Jerr-Dan(R), CON-E-CO(R) and London(R) brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $2.96 billion in fiscal 2005. To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com
*********AN EXCERPT *********************
The Bushmaster Infantry Mobility Vehicle is an Australian designed and built wheeled armoured vehicle produced by Australian Defence Industries Limited (ADI). The Bushmaster is designed for operations in northern Australia, and is capable of carrying 9 soldiers and their equipment, fuel and supplies for 3 days.