OSHKOSH SELECTS SPARTANBURG, S.C. TO BUILD NEXT GENERATION POSTAL DELIVERY FLEET

Oshkosh Defense has selected Spartanburg, South Carolina to be the home of its efforts to build the Next Generation Delivery Vehicle (NGDV) for the U.S. Postal Service. The NGDV is the USPS’s first large-scale fleet procurement in three decades.

Oshkosh Defense, a wholly-owned subsidiary of Oshkosh Corporation (NYSE: OSK), announced today it will open a dedicated facility in Spartanburg, South Carolina where it will build the United States Postal Service (USPS) Next Generation Delivery Vehicle (NGDV). The Company expects to hire over 1,000 local team members at the Spartanburg facility, and on-site supply chain partners are expected to have additional hiring needs.

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The USPS selected Oshkosh Defense for the multi-billion-dollar NGDV contract in February 2021 at the end of a competitive process that began in 2015. The indefinite delivery, indefinite quantity (IDIQ) contract provides for the delivery of between 50,000 and 165,000 vehicles over a period of 10 years. These vehicles will replace the existing fleet of delivery vehicles, many of which have been in service for more than 30 years. Oshkosh’s winning solution will provide a modern fleet of both zero-emission battery electric vehicles (BEV) and fuel-efficient low-emission internal combustion engine (ICE) vehicles, with the option of producing any combination of models.

“Oshkosh Corporation’s advanced engineering capabilities have been driving the Company for more than a century,” said John Pfeifer, President and Chief Executive Officer, Oshkosh Corporation. “That innovation has included a commitment to engineering and delivering a wide range of electric vehicles featuring new sustainable technologies. Now the Company’s innovative NGDV will bring these sustainable technologies into more American neighborhoods.”

Oshkosh Defense plans to repurpose an expansive warehouse facility in Spartanburg with the innovative features needed to accommodate a large-scale manufacturing operation that meets the technical requirements of producing cutting-edge vehicles for the USPS. Production of the NGDVs is expected to begin summer 2023.

“We’re proud to bring this historic undertaking to Spartanburg,” said John Bryant, Executive Vice President, Oshkosh Corporation and President, Oshkosh Defense. “Upstate South Carolina has a skilled workforce and a proven history in advanced automotive manufacturing—it’s the perfect place to produce the NGDV. More importantly, we know the people of Spartanburg take pride in their work and their community. What we build together here will reach every home in the country.”

About Oshkosh Defense

Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its 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 make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 14,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, London™ and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements

This news 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 news 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 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 may be taken by governmental authorities and others to address or otherwise 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; and 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 and construction seasons.

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