Oshkosh Corporation
TypePublic
IndustryAutomotive, Arms industry
Founded1917 (1917) (as Wisconsin Duplex Auto Company)
Founders
  • William Besserdich
  • Bernhard Mosling
HeadquartersOshkosh, Wisconsin, U.S.
Number of locations
29 (manufacturing facilities)
Area served
Worldwide
Key people
  • Stephen Newlin
  • (Chairman of the Board)
  • John Pfeifer
  • (President & CEO)
  • Michael Pack
  • (Executive VP & CFO)
Products
  • Specialty trucks
  • Access equipment
  • Military vehicles
Revenue
  • Increase US$ 7.95 billion
  • (FY Dec. 31 2021)
  • Increase US$ 466.8 million
  • (FY Dec. 31 2021)
  • Increase US$ 409.4 million
  • (FY Dec. 31 2021)
Total assets
  • Increase US$ 6.72 billion
  • (FY Dec. 31 2021)
Total equity
  • Increase US$ 3.08 billion
  • (FY Dec. 31 2021)
[1]
Number of employees
15,000[2] (2022)
Websitewww.oshkoshcorp.com
Footnotes / references
[3]
Oshkosh facility in Oshkosh, Wisconsin, U.S.
Oshkosh North Plant

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a leading manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

Based in Oshkosh, Wisconsin, the company employs approximately 15,000 people around the world at 130 facilities in 24 countries.[4] It is organized in four primary business groups: access equipment, defense, fire and emergency, and commercial.

History

Founded in 1917 as the Wisconsin Duplex Auto Company, the company was created to build a severe-duty four-wheel-drive truck. After the first prototype was built, the company began to develop rapidly. This first four-wheel-drive truck, known today as "Old Betsy", is still owned by Oshkosh Corporation and housed in the new Global Headquarters building in Oshkosh. The vehicle still runs and is used frequently in demonstrations and parades.[5][6] The first mass-produced truck was the 2-ton Model A, with seven produced in 1918. The 3.5-ton Model B and 5-ton Model F followed. The Model TR, introduced in 1933, was a diversification for the company and was the first rubber tired earthmover ever built.[7]

The Model 50-50, introduced in 1955, was the first truck created specifically for the hauling of concrete. The first aircraft rescue and firefighting (ARFF) W2206 With rollover snow plows or snow blowers were delivered to all branches of US military for airfield snow removal. Oshkosh has also produced aircraft tow tractors, and in 1968 the company designed and built the U-30 Tow Tractor, 45 of which were built for the U.S. Air Force to tow the Lockheed C-5 Galaxy transport aircraft.[7]

In 1976, the company won a U.S. Army contract to supply 744 M911 heavy equipment transporters,[7] the first in a long line of U.S. Army contracts that now sees Oshkosh Defense as the sole supplier of medium and heavy tactical trucks to the U.S. Army and Marines.[8]

On August 25, 2015, Oshkosh was awarded the U.S. military's Joint Light Tactical Vehicle contract. The initial JLTV award is valued at $6.75 billion for up to 16,901 vehicles. The procurement objective for JLTV stands at 49,099 Army and 9,091 Marines, with the Navy and Air Force also having smaller requirements.[9] The estimated program cost is $47.6 billion.[10][11][12] JLTV will partially replace the AM General Humvee.

On November 7, 2017, the Oshkosh Common Council approved a proposal to sell part of the century-old Lake Shore Golf Course along the shore of Lake Butte des Morts to Oshkosh Corp. for its new headquarters.[13] On November 22, 2017, the Oshkosh Corporation announced it would build the new headquarters on the golf course. The city plans to redevelop the rest of the golf course into a new public space.[14]

On February 7, 2018, the U.S. Army announced that the Family of Medium Tactical Vehicles A2 (FMTV A2) contract had been awarded to Oshkosh Defense.[15] Oshkosh was already building the FMTV A1P2, having been awarded this contract in August 2009. As of August 2021, Oshkosh has built around 40,000 FMTVs for the US military and others.

In February 2020, Oshkosh Corporation was named one of the 2020 World's Most Ethical Companies by Ethisphere.[16]

In February 2021, Oshkosh Defense was awarded the U.S. Postal Service's Next Generation Delivery Vehicle (NGDV) mail truck contract for between 50,000 and 165,000 units over ten years, with production start targeted for 2023. The fleet will include low-emissions internal combustion engine vehicles as well as battery electric vehicles (BEVs) and could be worth over $6 billion.[17][18][19]

Locations

Oshkosh Corporation is headquartered in Oshkosh, Wisconsin. It has manufacturing operations in eight U.S. states and in Australia, Canada, China, France and Romania, and through investments in joint ventures in Mexico and Brazil. The Access Equipment division is headquartered in McConnellsburg, Pennsylvania; the Defense division in Oshkosh, Wisconsin; the Fire & Emergency division in Appleton, Wisconsin; and the Commercial division in Dodge Center, Minnesota.

Oshkosh products and services are sold in more than 150 countries around the globe. The company also maintains a global service network.

Subsidiaries

Oshkosh Corp. manufactures, distributes, and services products under ten brands: Oshkosh Defense, JLG, Pierce, McNeilus, Jerr-Dan, Oshkosh Airport Products, Pratt Miller, Frontline Communications, London Machinery Inc., and IMT.

Products

Access equipment

Products include JLG and SkyTrak brand telehandlers, wheeled and tracked boom lifts, and other lifting equipment. In November 2022, Oshkosh announced it had entered into a definitive agreement to acquire Hinowa S.p.A., a privately held international company and manufacturer of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages. Once complete, Hinowa will become part of the Oshkosh Access Equipment segment.[20]

Defense

The current and recent main defense products of Oshkosh Defense include the following:

Defense website

Military

Fire, emergency, rescue, recovery, Police and homeland security

Products for these market segments are produced under the Pierce, Oshkosh, Frontline and Jerr-Dan brands, and include pumpers, aerials, tankers, wildland fire appliances, Striker ARFF vehicles, airport crash trucks, snow plows, and various configurations of wreckers and recovery trucks, ambulances/medical vehicles, and police/homeland security vehicles.

Commercial

Oshkosh produces for the commercial/civil market a variety of products under the Jerr-Dan (towing and recovery vehicles), Pratt & Miller (engineering and product development), Frontline Communications (media communications and similar), McNeilus (refuse/garbage and concrete mixers), IMT (field service vehicles and mounted cranes), and London (concrete mixers). Oshkosh will also produce the U.S. Postal Service's Next Generation Delivery Vehicle (NGDV).

Oshkosh acquisitions since 1989

Since 1989, Oshkosh has completed nineteen acquisitions and three divestitures:

  • 1989- Oshkosh RV Chassis from Deere and Co. (divested to Freightliner in 1995) [23]
  • 1996- Pierce Manufacturing, Inc.
  • 1997- Nova Quintech
  • 1998- McNeilus Companies, Inc.
  • 1999- Kewaunee Fabrications, L.L.C.[24]
  • 1999- Viking Truck & Equipment
  • 2000- Medtec Ambulance Corporation (Defunct as of July 2012[25])
  • 2001- Geesink Norba Group (divested 2009[26])
  • 2001- TEMCO[27]
  • 2004- Jerr-Dan Corporation[28]
  • 2004- BAI Corporation (divested 2009[29])
  • 2005- CON-E-CO[30]
  • 2005- London Machinery, Inc.[31]
  • 2006- AK Specialty Vehicles, now known as Oshkosh Specialty Vehicles.[32]
  • 2006- IMT (Iowa Mold Tooling)[33]
  • 2006- JLG Industries
  • 2020- Pratt & Miller, including Corvette Racing
  • 2022- MAXIMETAL[34]
  • 2022- Hinowa SpA (pending)[35]
  • 2023- JBT Aerotech [36]

See also

References

  1. ↑ "Financials" (PDF). U.S. Securities and Exchange Commission. Retrieved December 15, 2022.
  2. ↑ "Oshkosh". Oshkosh. Retrieved December 1, 2022.
  3. ↑ "US SEC: Form 10-K SEP 30 2017". U.S. Securities and Exchange Commission. Retrieved March 8, 2018.
  4. ↑ "Oshkosh". Oshkosh. Retrieved December 1, 2022.
  5. ↑ Scott Eden, "The War Within: The Deal that Saved Oshkosh Archived March 4, 2016, at the Wayback Machine", TheStreet.com, November 19, 2009.
  6. ↑ Archived March 18, 2009, at the Wayback Machine
  7. 1 2 3 Jungwirth, Clarence (1992). "Oshkosh Trucks 75 Years Of Speciality Truck Production". Osceola WI, U.S: Motorbooks International: 13–18 29–32. {{cite journal}}: Cite journal requires |journal= (help)
  8. ↑ "Oshkosh M977 heavy expanded mobility tactical truck (HEMTT) and M989A1 heavy expanded mobility ammunition trailer (HEMAT)". IHS Jane's Shaun C Connors & Christopher F Foss. June 14, 2015. Retrieved October 29, 2015.
  9. ↑ "Oshkosh JLTV". Janes. Retrieved August 13, 2021.
  10. ↑ Daniel Wasserbly. "Pentagon: JLTV programme costs decrease". IHS Jane's. Retrieved March 30, 2016.
  11. ↑ Capaccio, Anthony (August 25, 2015). "Oshkosh Wins $30 Billion U.S. Army Contract to Build Humvee Replacement". Bloomberg.
  12. 1 2 "Oshkosh Beats Lockheed, AM General For Historic JLTV Win". Breaking Defense. August 26, 2015. Retrieved August 26, 2015.
  13. ↑ Nate Beck (November 8, 2017). "Oshkosh OKs deal to sell Lakeshore golf course in effort to keep Oshkosh Corp. HQ". Oshkosh Northwestern. Retrieved November 24, 2017.
  14. ↑ Nate Beck (November 22, 2017). "Oshkosh Corp. will keep its headquarters in Oshkosh, settling at Lakeshore". Northwestern Media. Retrieved November 24, 2017.
  15. ↑ "Oshkosh lands Army's next-gen Medium Tactical Vehicles contract". Defense News(Jen Judson - author). February 8, 2018. Retrieved August 13, 2021.
  16. ↑ "Oshkosh Corporation named a World's Most Ethical Company for fifth consecutive year". finance.yahoo.com. Retrieved March 5, 2020.
  17. ↑ "USPS SELECTS OSHKOSH DEFENSE FOR NEXT GENERATION DELIVERY VEHICLE FLEET". finance.yahoo.com. Retrieved February 23, 2021.
  18. ↑ Szymkowski, Sean. "USPS picks Oshkosh Defense for future electric mail trucks". Roadshow. Retrieved February 23, 2021.
  19. ↑ Beresford, Colin (February 23, 2021). "USPS Chooses Oshkosh Defense to Replace Its Mail-Delivery Trucks". Car and Driver. Retrieved February 23, 2021.
  20. ↑ "JLG to acquire Hinowa". vertikal.net. Retrieved November 16, 2022.
  21. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 "Products". Oshkosh Defense. September 18, 2015. Archived from the original on January 26, 2016. Retrieved December 18, 2015.
  22. ↑ "Advanced Suspension Technology". Oshkosh Defense. September 18, 2015. Retrieved December 18, 2015.
  23. ↑ "Oshkosh Truck Corporation". www.encyclopedia.com. Retrieved January 4, 2017.
  24. ↑ "Kewaunee Fabrications". Kewaunee Fabrications. Retrieved December 18, 2015.
  25. ↑ "Oshkosh Corporation Announces Shutdown of Medtec Ambulance - Journal of Emergency Medical Services". Jems.com. June 30, 2012. Retrieved December 18, 2015.
  26. ↑ "Oshkosh Corporation to Sell Geesink Norba Group to Platinum". Bloomberg. May 4, 2009. Retrieved December 18, 2015.
  27. ↑ "Asset Purchase". Abnormal Use. March 10, 2010. Retrieved December 18, 2015.
  28. ↑ "History". Jerr-Dan. Retrieved December 18, 2015.
  29. ↑ "Nature of Operations". Sec.gov. Retrieved December 18, 2015.
  30. ↑ "Contact CON-E-CO | Concrete Equipment Company". Con-e-co.com. February 3, 2015. Retrieved December 18, 2015.
  31. ↑ "Oshkosh Truck Adds London Machinery". Connection.ebscohost.com. Archived from the original on December 22, 2015. Retrieved December 18, 2015.
  32. ↑ "AK Specialty Vehicles to change name to Oshkosh Specialty Vehicles". Trailer-bodybuilders.com. November 27, 2006. Retrieved December 18, 2015.
  33. ↑ "Oshkosh Truck acquires Iowa Mold Tooling". Rental Pulse.
  34. ↑ "OSHKOSH CORPORATION ACQUIRES MAXI-MÉTAL INC". Retrieved November 30, 2022.
  35. ↑ "JLG to acquire Hinowa". vertikal.net. Retrieved November 16, 2022.
  36. ↑ "OSHKOSH CORPORATION ACQUIRES AEROTECH".
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