Team TerraMax Completes Historic DARPA Grand Challenge

• Published in: Business Wire p. 1
• Format: Newsletter
• Language: English
• Published: New York Business Wire 10.10.2005
• Subjects: OSHKOSH, Wis

Oshkosh Truck Corporation (NYSE:OSK) and partners Rockwell Collins (NYSE:COL) and the University of Parma, Italy, announced that their robotic truck, TerraMax(TM), has completed the DARPA Grand Challenge. The vehicle was one of five to complete the race. TerraMax is a MTVR (Medium Tactical Vehicle Replacement) that Oshkosh Truck designed for the U.S. Marine Corps. It has a 15-ton on-road and 7.1-ton off-road payload capacity. The MTVR is a 6x6 cargo hauler with Oshkosh Truck's patented TAK-4(R) independent suspension system to accommodate its 70 percent ff-road profile, ideal for terrain similar to the DARPA Grand Challenge course. There are more than 6,000 Oshkosh MTVRs deployed with the U.S. Marine Corps, and more than 1,500 operating in the Iraq conflict. This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as the company "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions 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 that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, without limitation, risks related to reductions in government expenditures, the uncertainty of government contracts, risks related to the Company's acquisition strategy including identifying and evaluating acquisition candidates and integrating acquired businesses, and the possibility that expected synergies and other cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.