Latest news with #OshkoshCorporation
Leaders
a day ago
- Business
- Leaders
Norwegian Fund Blacklists US, German Companies Selling Weapons to Israel
KLP, Norway's biggest pension fund, has announced that it will no longer do business with two companies selling weapons to Israel as the equipment is possibly being used in the war in Gaza, according to AFP. The Norwegian fund has dropped US group Oshkosh Corporation and Germany's ThyssenKrupp from its investment portfolio as they supply Isreal with military trucks and equipment. 'Companies have an independent duty to exercise due diligence in order to avoid complicity in violations of fundamental human rights and humanitarian law,' Kiran Aziz, head of responsible investments at KLP Asset Management, said in a statement. KLP also accused ThyssenKrupp of providing Israel's military with corvettes and submarines before the outbreak of Gaza War. Crucially, the fund sold its holdings in Oshkosh Corporation worth 19 million kroner ($1.9 million). Meanwhile, it also sold its investment in ThyssenKrupp valued at 10 million kroner. KLP also confirmed that both companies have strong cooperation with the Israeli armed forces and these relations continued even after the start of the war on Gaza. 'The transfer of weapons and ammunition to Israel may constitute serious violations of human rights and international humanitarian laws and risk state complicity in international crimes, possibly including genocide,' UN experts warned in June 2024. The exclusion of the two companies is based on KLP's criterion relating to the 'sale of weapons to states in armed conflicts that use the weapons in ways that represent serious and systematic breaches of international law governing the conflicts', KLP said. Related Topics: Hamas Reports Intensified Gaza Ceasefire Talks France Offers Help for Safer Gaza Aid Distribution as Trump Urges for Ceasefire Israel Kills 51 Palestinians Near Aid Site in Gaza Short link : Post Views: 40
RNZ News
a day ago
- Business
- RNZ News
Norwegian fund bars US, German arms makers over Gaza war
A picture taken from Jabalia city inside the Gaza Strip shows the Indonesian hospital in Beit Lahia amid destroyed buildings, in the north of the Gaza Strip, on 28 June. Photo: AFP/ Bashar Taleb Norway's biggest pension fund KLP says it has dropped US group Oshkosh Corporation and Germany's ThyssenKrupp from its investment portfolio for selling weapons and equipment used by Israel's military in Gaza. KLP - which is separate from Norway's sovereign wealth fund, the world's largest - said Oshkosh Corporation was supplying trucks to the Israeli military, which adapts them into armoured troop transport vehicles. The fund also accused ThyssenKrupp of agreeing to supply Israel's navy, before the outbreak of the war in Gaza, with corvettes and submarines. "Companies have an independent duty to exercise due diligence in order to avoid complicity in violations of fundamental human rights and humanitarian law," said Kiran Aziz, head of responsible investments at KLP Asset Management, in a statement. KLP, which managed assets worth $US114 billion in the first quarter, sold its holdings in Oshkosh Corporation valued at 19 million kroner ($US1.9 million). It also sold its investment in ThyssenKrupp worth 10 million kroner. The two companies were excluded on the basis of KLP's criterion relating to the "sale of weapons to states in armed conflicts that use the weapons in ways that represent serious and systematic breaches of international law governing the conflicts", KLP said. The fund emphasised that the two companies had long-established cooperations with the Israeli army, and their deliveries continued after the start of the Gaza war on 7 October, 2023. "The transfer of weapons and ammunition to Israel may constitute serious violations of human rights and international humanitarian laws and risk state complicity in international crimes, possibly including genocide," UN experts warned in June 2024. Meanwhile, Norway's sovereign wealth fund, whose assets are valued at around $US1.9 trillion, is also under pressure to divest further from groups accused of helping Israel wage war on Gaza and continue its settlement policy in the occupied West Bank. - Agence France-Presse
Business Wire
6 days ago
- Automotive
- Business Wire
The Netherlands MoD Signs Agreement for Oshkosh Dutch Expeditionary Vehicle (DXPV)
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense Europe B.V. together with Oshkosh Defense, LLC, an Oshkosh Corporation [NYSE: OSK] business, announced today the signing of a significant agreement with the Netherlands Ministry of Defense (MoD) for the procurement of 150 Dutch Expeditionary Patrol Vehicles (DXPV), known as the 'Kaaiman.' 'This agreement reflects the continued global interest in the Oshkosh JLTV platform and reinforces our role as the only Original Equipment Manufacturer (OEM) authorized to offer it to international customers through Direct Commercial Sales.' The signing ceremony, held on June 25, 2025, in Doorn, Netherlands, marks a key milestone in the Netherlands' ongoing modernization of its expeditionary capabilities and highlights Oshkosh's continued position as the trusted choice for international allies. The Oshkosh DXPV is derived from the proven Oshkosh Joint Light Tactical Vehicle (JLTV) platform. It brings together decades of engineering expertise and operational excellence, offering the Dutch Marines a next-generation solution tailored for modern missions and expeditionary operations. The vehicle delivers unmatched off-road mobility, high speed, and seamless interoperability with NATO forces to support the Netherlands' success in diverse and challenging environments. 'We are honored to work alongside the Royal Netherlands Marine Corps in delivering the Kaaiman,' said Pat Williams, Chief Programs Officer at Oshkosh Defense. 'This agreement reflects the continued global interest in the Oshkosh JLTV platform and reinforces our role as the only Original Equipment Manufacturer (OEM) authorized to offer it to international customers through Direct Commercial Sales.' With this agreement, the Netherlands joins a growing list of international partners selecting the tested and fielded JLTV platform to strengthen their ground forces. The DXPV will enhance the mobility, survivability, and effectiveness of the Dutch Marines, providing mission readiness in both joint and allied operations. 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 business [NYSE: OSK]. Learn more about Oshkosh Defense at 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 over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG ®, Pierce ®, MAXIMETAL, Oshkosh ® S-Series™, Oshkosh ® Defense, McNeilus ®, IMT ®, Jerr-Dan ®, Frontline™ Communications, Oshkosh ® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit ®, ™ 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 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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.
Yahoo
12-06-2025
- Automotive
- Yahoo
Oshkosh Defense Secures Three-Year Contract Extension for FMTV A2
OSHKOSH, Wis., June 12, 2025--(BUSINESS WIRE)--Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, announced today a three-year contract extension for the Family of Medium Tactical Vehicles A2 (FMTV A2). This award allows the U.S. Army to continue ordering the FMTV A2, including three FMTV A2 Low Velocity Air Drop (LVAD) variants, through February 2028. "The FMTV A2 contract extension enables the Army to continue modernizing its fleet with proven medium tactical vehicles in support of the Army Transformation Initiative and Force Design 2030," said Pat Williams, Chief Programs Officer at Oshkosh Defense. "The FMTV A2 LVAD variants fill a critical capability gap for the Airborne community by replacing an aging fleet with an upgraded capability that can be rapidly deployed in contested and austere environments." The Oshkosh-designed FMTV A2 fleet delivers critical resupply and proven tactical mobility through a modular architecture developed for increased payload, protection, and mobility with the ability to also seamlessly integrate new and evolving capabilities. Purpose-built to enable dispersed and Multi-Domain Operations (MDO), the FMTV A2 is engineered to incorporate next-generation technologies without compromising operational readiness. Its common platform enhances sustainability, streamlines maintenance, and simplifies lifecycle management. The award provides the opportunity for continued production and fielding of these mission-critical vehicles into 2030, while preserving a mature U.S.-based supply chain which began with the initial FMTV A1P2 contract in 2009. 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 business [NYSE: OSK]. Learn more about Oshkosh Defense at 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 over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit ®, ™ 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 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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. View source version on Contacts Alexandra Hittle, Director, Global Marketing & Communications920-410-1929ahittle@ Sign in to access your portfolio
Associated Press
12-06-2025
- Automotive
- Associated Press
Oshkosh Defense Secures Three-Year Contract Extension for FMTV A2
OSHKOSH, Wis.--(BUSINESS WIRE)--Jun 12, 2025-- Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, announced today a three-year contract extension for the Family of Medium Tactical Vehicles A2 (FMTV A2). This award allows the U.S. Army to continue ordering the FMTV A2, including three FMTV A2 Low Velocity Air Drop (LVAD) variants, through February 2028. This press release features multimedia. View the full release here: Oshkosh® Defense FMTV A2 Low Velocity Air Drop (LVAD) Variants 'The FMTV A2 contract extension enables the Army to continue modernizing its fleet with proven medium tactical vehicles in support of the Army Transformation Initiative and Force Design 2030,' said Pat Williams, Chief Programs Officer at Oshkosh Defense. 'The FMTV A2 LVAD variants fill a critical capability gap for the Airborne community by replacing an aging fleet with an upgraded capability that can be rapidly deployed in contested and austere environments.' The Oshkosh-designed FMTV A2 fleet delivers critical resupply and proven tactical mobility through a modular architecture developed for increased payload, protection, and mobility with the ability to also seamlessly integrate new and evolving capabilities. Purpose-built to enable dispersed and Multi-Domain Operations (MDO), the FMTV A2 is engineered to incorporate next-generation technologies without compromising operational readiness. Its common platform enhances sustainability, streamlines maintenance, and simplifies lifecycle management. The award provides the opportunity for continued production and fielding of these mission-critical vehicles into 2030, while preserving a mature U.S.-based supply chain which began with the initial FMTV A1P2 contract in 2009. 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 business [NYSE: OSK]. Learn more about Oshkosh Defense at 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 over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit ®, ™ 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 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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. View source version on CONTACT: Alexandra Hittle, Director, Global Marketing & Communications 920-410-1929 [email protected] KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: OTHER MANUFACTURING TECHNOLOGY OTHER DEFENSE CONTRACTS ENGINEERING OTHER TECHNOLOGY MANUFACTURING GOVERNMENT TECHNOLOGY ELECTRONIC DESIGN AUTOMATION DEFENSE SOURCE: Oshkosh Corporation Copyright Business Wire 2025. PUB: 06/12/2025 07:00 AM/DISC: 06/12/2025 07:01 AM
