Oshkosh Corporation Renames Defense Segment to Transport Segment and Appoints Steve Nordlund as President

OSHKOSH, Wis.--(BUSINESS WIRE)--Jun 3, 2025--

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced the renaming of its Defense segment to the Transport segment. The Transport segment will continue to deliver leading tactical wheeled vehicles and mobility solutions to defense customers. Additionally, it will focus on expanding into commercial markets, exemplified by Oshkosh's Next Generation Delivery Vehicle (NGDV) contract for the United States Postal Service (USPS). The Full Rate Production (FRP) milestone for the contract is expected later this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603606367/en/

In conjunction with this transition, Oshkosh Corporation has appointed Steve Nordlund as executive vice president and president of its Transport segment effective July 14. Nordlund brings over 25 years of leadership experience in the aerospace, defense and mobility industries, including senior roles at Boeing where he led the Air Dominance division and drove cutting-edge R&D initiatives supporting advanced military technologies.

“We’re pleased to have an executive of Steve’s experience and caliber join the Oshkosh team,” said John Pfeifer, president and CEO of Oshkosh Corporation. “Steve brings a strong, people-focused leadership style and a proven ability to deliver growth and operational excellence through clear, strategic direction.”

“Oshkosh Corporation is an enduring and storied organization, and I am honored to be a part of such a remarkable team,” said Steve Nordlund. “The business is well-positioned to deliver accelerated growth and margin expansion as we leverage our differentiated purpose, culture and capabilities.”

For more information on Oshkosh Corporation please visit www.Oshkoshcorp.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 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 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 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.

Oshkosh Corporation has appointed Steve Nordlund as executive vice president and president of its Transport segment effective July 14. Nordlund brings over 25 years of leadership experience in the aerospace, defense and mobility industries, including senior roles at Boeing where he led the Air Dominance division and drove cutting-edge R&D initiatives supporting advanced military technologies.

ADEN, Yemen (AP) — Saudi warplanes have reportedly struck on Friday forces in southern Yemen backed by the United Arab Emirates, a separatist leader says.

This comes as a Saudi-led operation attempts to take over camps of the Southern Transitional Council, or STC, in the governorate of Haramout that borders Saudi Arabia.

Tensions between Saudi Arabia and the UAE rose after the STC moved last month into Yemen’s governorates of Hadramout and Mahra and seized an oil-rich region. The move pushed out forces affiliated with the Saudi-backed National Shield Forces, a group aligned with the coalition in fighting the Iran-backed Houthis in Yemen.

Meanwhile, the Saudi ambassador to Yemen accused the head of the STC of blocking a Saudi mediation delegation from landing in the southern city of Aden.

The STC deputy and former Hamdrmout governor, Ahmed bin Breik, said in a statement that the Saudi-backed National Shield Forces advanced toward the camps, but the separatists refused to withdraw, apparently leading to the airstrikes.

Mohamed al-Nakib, spokesperson for the STC-backed Southern Shield Forces, also known as Dera Al-Janoub, said Saudi airstrikes caused fatalities, without providing details. The Associated Press couldn’t independently verify that claim.

Al-Nakib also accused Saudi Arabia in a video on X of using “Muslim Brotherhood and al-Qaeda militias” in a "large-scale attack " early Friday that he claimed sepratists were able to repel.

He likened the latest developments to Yemen’s 1994 civil war, “except that this time it is under the cover of Saudi aviation operations.”

Salem al-Khanbashi, the governor of Hadramout who was chosen Friday by Yemen's internationally recognized government to command the Saudi-led forces in the governorate, refuted STC claims, calling them “ridiculous” and showing intentions of escalation instead of a peaceful handover, according Okaz newspaper, which is aligned with the Saudi government.

Earlier on Friday, al-khanbashi called the current operation of retrieving seized areas “peaceful.”

“This operation is not a declaration of war and does not seek escalation,” al-Khanbashi said in a speech aired on state media. “This is a responsible pre-emptive measure to remove weapons and prevent chaos and the camps from being used to undermine the security in Hadramout,” he added.

The Saudi-led coalition in Yemen demands the withdrawal of STC forces from the two governorates as part of de-escalation efforts. The STC has so far refused to hand over its weapons and camps.

The coalition's spokesperson Brig. Gen. Turki al-Maliki said Friday on X that Saudi-backed naval forces were deployed across the Arabian Sea to carry out inspections and combat smuggling.

In his post on X, the Saudi ambassador to Yemen, Mohammed al-Jaber, said the kingdom had tried “all efforts with STC” for weeks "to stop the escalation" and to urge the separatists to leave Hadramout and Mahra, only to be faced with “continued intransigence and rejection from Aidarous al-Zubaidi," the STC head.

Al-Jaber said the latest development was not permitting the Saudi delegation's jet to land in Aden, despite having agreed on its arrival with some STC leaders to find a solution that serves “everyone and the public interest.”

Yemen’s transport ministry, aligned with STC, said Saudi Arabia imposed on Thursday requirements mandating that flights to and from Aden International Airport undergo inspection in Jeddah. The ministry expressed “shock” and denounced the decision. There was no confirmation from Saudi authorities.

ِA spokesperson with the transport ministry told the AP late Thursday that all flights from and to the UAE were suspended until Saudi Arabia reverses these reported measures.

Yemen has been engulfed in a civil war for more than a decade, with the Houthis controlling much of the northern regions, while a Saudi-UAE-backed coalition supports the internationally recognized government in the south. However, the UAE also helps the southern separatists who call for South Yemen to secede once again from Yemen. Those aligned with the council have increasingly flown the flag of South Yemen, which was a separate country from 1967-1990.

—

Associated Press writers Bassem Mroue in Beirut and Fatma Khaled in Cairo contributed to this report.

Southern Yemen soldiers of Southern Transitional Council (STC) at a check point, in Aden, Yemen, Wednesday, Dec. 31, 2025. (AP Photo)