5-1-14 oshkosh corp. earnings

The Oshkosh Corporation continues to suffer from the ending of the Iraq and Afghanistan

wars.  The maker of military vehicles reports a 17-percent drop in its quarterly net income.

 Oshkosh says it netted 71-and-a-half million dollars in sales from January through March,

down from 86-million at the same time a year ago.  Earnings slipped from 96-cents a share

to 83-cents.  Oshkosh did say it's aerial construction equipment sales rose by six-percent,

but sales of fire-and-emergency vehicles fell 10-percent.  Oshkosh C-E-O Charles Szews

told investment analysts that his firm is another extension with the Pentagon to produce a

smaller number of heavy tactical trucks.  It's also looking to sell military vehicles to foreign

governments, and it expects contract announcements over the next two years.  Oshkosh is

now having one of its vehicle types tested in Saudi Arabia.  Szews says the tensions in

Russia and the Ukraine provide a potential opportunity.