Market Overview

FDNY Awards Five Year Ambulance Contract for Wheeled Coach Ambulances

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The ambulance division of REV Group, a specialty vehicle manufacturer,
was awarded a five-year contract to build up to 425 Type I Wheeled Coach
ambulances for the Fire Department of New York (FDNY). The contract
calls for a variety of vehicle configurations that is valued at
approximately $160 million depending on the vehicle mix requirements. It
is anticipated that ambulances related to this contract will begin to
ship mid fiscal 2020.

This new fleet of ambulances is built on Ford's F-550 4x4 chassis and
includes an auxiliary power unit to meet the FDNY Green initiative that
enables the ambulances to fully operate without the need to run the
vehicle's engine in idle mode. Additional enhancements include
high-visibility reflective safety-graphics, and a Vista brake lock to
prevent vehicle theft.

In 2018, FDNY recorded approximately 1.9 million ambulance runs, which
is a new high for the department. REV Ambulance Group Orlando, Inc. and
its Wheeled Coach brand of ambulances was the successful bidder meeting
the operational and design requirements of the FDNY for this contract.

"FDNY responds to a staggering 5,100 EMS calls a day, and the ambulances
we build for them run non-stop. The learning we obtain from designing
and building FDNY's vehicles for the past ten years is evident in every
ambulance we make," stated Tim Sullivan, CEO of REV Group. "We build a
better ambulance because of it."

FDNY has operated Wheeled Coach Ambulances for the past ten years which
includes over 660 in service today. Orders are dependent upon budgetary
approval and allocation, and production for this latest contract will be
staged in phases based on FDNY budget funding and replacement schedules,
enabling FDNY to rotate their fleet over the course of this contract
term.

About Rev Group

REV (NYSE:REVG) is a leading designer, manufacturer, and distributor of
specialty vehicles and related aftermarket parts and services. The
company serves a diversified customer base, primarily in the United
States, through three segments: Fire & Emergency, Commercial, and
Recreation. REV Group provides customized vehicle solutions for
applications including ambulances, fire apparatus, school, shuttle and
transit buses, terminal trucks, street sweepers, motorized recreational
vehicles, travel trailers, and motorcoaches. The REV Group portfolio
consists of 29 vehicle brands including many legendary and highly
recognized brand names in their market segments. Several brands
pioneered their respective product category and date back more than 50
years. Investors-REVG

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