APPLETON, Wis. (January 18, 2012) — Pierce Manufacturing, an Oshkosh Corporation (NYSE:OSK) company, has received an order for three Pierce® Aerial Tiller vehicles from the City of Columbus Division of Fire located in Columbus, Ohio. Built on Arrow XTâ„¢ chassis, these are the department’s first Pierce aerial vehicles; all three will be placed into service beginning in June 2012.
“We are pleased and gratified to grow our relationship with the Columbus, Ohio Division of Fire as signified by this first-ever order of Pierce aerial apparatus,” said Jim Johnson, Oshkosh Corporation executive vice president and president, Fire & Emergency. “These custom aerial tillers have a tight turning radius to handle narrow and congested streets, and will be an excellent addition to the Columbus fleet.”
Each Pierce Aerial Tiller vehicle will feature a 105-foot Heavy Duty aerial ladder with a radio- controlled monitor, and a 5th wheel tractor with TAK-4® independent suspension. Other features include a Detroit Diesel 13 liter, 500 hp EPA 2010 compliant engine; seating for six firefighters; an EMS cabinet inside the cab; an LED lighting package; roll-up compartment doors; a full complement of ground ladders (ranging from 10-35 feet long); and a 20 kilowatt diesel generator.
“These three Pierce aerial ladders will be front line vehicles that respond to emergencies of all types, from high-rise fires to trench rescue calls,” said Steve Martin, research and development captain for the Columbus Division of Fire. “My job is to make certain we get the best ladder trucks possible for our firefighters, and I’m looking forward to having these Arrow XT tillers join our fleet.”
The City of Columbus Division of Fire provides fire and rescue, emergency medical services, hazardous materials response, bomb response, and other services to Metro Columbus, an area encompassing close to 400 square miles with a population of 1.7 million.
Founded in 1972, Pierce dealer Finley Fire Equipment Co., Inc., of McConnelsville, Ohio provides local service and support.
Photo Caption: Pierce Manufacturing has received an order for three Arrow XT custom aerial tiller vehicles from the City of Columbus Division of Fire in Columbus, Ohio.
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®, Oshkosh Specialty Vehicles, Frontlineâ„¢, SMITâ„¢, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.
®, TMAll 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 expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, 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 equity market expectations; the impact on revenues and margins of the decrease in M-ATV production rates; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the potential for disruptions or cost overruns in the Company’s global enterprise resource planning system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and 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.
