PRESS RELEASE

New Pierce Saber and Enforcer Custom Chassis Quickly Reach and Surpass Sales Milestones


APPLETON, WI (February, 2015) – Pierce Manufacturing Inc., an Oshkosh Corporation (NYSE:OSK) company, reports that sales of its newest custom chassis – the Pierce® Saber® and Enforcer™ – have quickly reached, and are surpassing important milestones. In December 2014, the 100th custom apparatus was purchased by the Ormond Beach Fire Department in Florida. Introduced in March 2014, Pierce Saber and Enforcer orders continue to ramp upward and now total more than 150 vehicles sold.

“Achieving these sales milestones 10 months from the launch of the new Saber and Enforcer chassis is a tremendous accomplishment, and we continue to see strong growth among departments large and small, from coast to coast,” said Jim Johnson, Oshkosh Corporation executive vice president and president, Fire & Emergency. “The new Saber and Enforcer are further proof positive that Pierce continues to deliver industry-leading performance, reliability and value across the widest range of custom chassis.”

“As with many fire departments, exercising fiscal responsibility is a top priority when making large purchases,” said Battalion Commander Nate Quartier of the Ormond Beach Fire Department. “The Pierce Saber pumper’s standard features allowed us to keep additional costs down without sacrificing the quality and durability of the materials. It’s a win-win for our department and our community.” 

Developed with assistance and input from fire departments nationwide, the Saber custom chassis sets the performance edge in the industry standard category, yet retains the simple, straightforward, and durable features for which it’s long been known. The Enforcer chassis offers a wider range of configurations and an unmatched selection of options – including TAK-4® independent suspension and the Pierce exclusive DD13 big-block engine.

The Pierce Saber pumper for Ormond Beach includes seating for four firefighters and a cab rear wall featuring a patented design that allows departments to easily reposition the seating configuration in minutes. The vehicle also offers a 22-inch front bumper extension, full height and full depth compartments, adjustable shelves and floor-mounted slide out trays, and a backboard storage compartment located over the pump. The vehicle’s firefighting system includes a 1,250-GPM single-stage pump, a 500-gallon water tank, and Pierce’s Control Zone™ side control pump panel.

“Continuing to provide prompt and efficient service – with an increasing call volume – is one of the main response challenges for our department,” added Commander Quartier.  “The Pierce Saber’s roomy cab allows us to have more interior space without sacrificing overall apparatus width or length. This larger cab allowed for the addition of a generous EMS cabinet inside, and the rear wall seating configuration system will enable us to adapt the cab to future seating and storage needs.”

Located in northeastern Volusia County on Florida’s Atlantic coast, Ormond Beach has a population of approximately 40,000 residents within a 40-square-mile protection area. The department’s wide-ranging response area includes residential neighborhoods, historic homes, large apartment complexes, and beachfront high-rises, as well as industrial parks, several major highways, and a large wildland interface and coastal peninsula. Services delivered include fire protection, advanced life support, disaster preparedness and response, fire and life safety education, hazardous materials response, and technical rescue. The department also provides automatic aid with neighboring cities and unincorporated areas of Volusia County.

Pierce dealer, Ten-8 Fire Equipment, with headquarters in Bradenton and locations throughout the state of Florida, provides local service and support. Visit www.ten8fire.com for more information.

Photo Caption: Pierce Manufacturing reports that sales of its newest custom chassis – the Pierce® Saber® and Enforcer™ – have quickly reached and are surpassing important milestones. In December 2014, the 100th custom apparatus was purchased by the Ormond Beach Fire Department in Florida. Orders continue to ramp upward and are now total more than 150 vehicles sold.

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 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.

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