PRESS RELEASE

Seven Pierce Aerial Tiller Apparatus Purchased by Los Angeles City Fire Department


APPLETON, Wis. (November, 2014) – Pierce Manufacturing Inc., an Oshkosh Corporation (NYSE:OSK) company, has sold seven Pierce® Arrow XT™ 100-foot heavy-duty aerial tiller apparatus to the Los Angeles City Fire Department (LAFD) in California.  These seven apparatus comprise the initial installment of an ongoing 10-year “tag on” contract.

“We are proud and honored to build these exceptional aerial tiller apparatus for the Los Angeles City Fire Department,” said Jim Johnson, Oshkosh Corporation executive vice president and president, Fire & Emergency. “Aerial tillers, an iconic and highly regarded symbol of the fire service, are enjoying a resurgence in popularity across America due in part to their maneuverability in congested urban areas and through narrow streets. This fleet of rugged Arrow XT tillers is ideally suited to serve on the busy streets of Los Angeles.”

“South Coast Fire is excited to have in place this 10-year ‘tag on’ contract enabling departments from across the region to participate under its advantageous terms,” said Kevin Newell, South Coast Fire Equipment president. “Our commitment is to provide excellent value and unmatched support to departments within Southern California.”

Each of the seven Pierce Arrow XT tiller apparatus for LAFD features a Cummins ISX engine, and an overall length less than 56 feet. The cab includes half height doors and seating for five firefighters.  All of the vehicles also sport a 100-foot heavy-duty ladder, an aluminum body with front, center and rear compartments, and a full complement of ground ladders.

LAFD is a full-spectrum life safety agency protecting more than four million people who live, work and play in America’s second largest city. The department is staffed by more than 3,200 uniformed fire personnel serving in fire prevention, emergency medical care, technical rescue, hazardous materials mitigation, disaster response, public education and community service.

Pierce dealer, South Coast Fire Equipment of Ontario, California, provides local service and support. Visit www.southcoastfire.net for more information.


Photo Caption: Pierce Manufacturing has sold seven Pierce® Arrow XT™ 100-foot heavy-duty aerial tiller apparatus to the Los Angeles City Fire Department (LAFD) in California. Pictured is a Pierce tiller apparatus similar to those purchased by LAFD.

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®, Jerr-Dan®, Frontline™, 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, log on to www.oshkoshcorporation.com.

TM 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 pace of U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate 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; 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 consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing 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; the impact of cyber security risk 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.

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