Steyr Motors has signed a major development and supply agreement with Rheinmetall Landsysteme GmbH
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EQS-News: Steyr Motors AG
/ Key word(s): Alliance
Steyr Motors has signed a major development and supply agreement with Rheinmetall Landsysteme GmbH Strategic partnership for future-proof technology Rheinmetall Landsysteme GmbH, a subsidiary of Rheinmetall AG, is a leading manufacturer of tactical vehicles and focuses on innovative technologies to increase the performance and efficiency of defence platforms. Steyr Motors AG is contributing its many years of experience and technological expertise in the development of high-performance diesel engines and power generators to this partnership. Cooperation with added value “The cooperation with Rheinmetall Landsysteme GmbH underlines the innovative strength of both companies and sets new standards in the development of modern military platforms. We at Steyr Motors AG are pleased to be able to contribute our technological capabilities to this pioneering project and to work together with our customer on forward-looking solutions for the defence industry,” comments Julian Cassutti, CEO of Steyr Motors. Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated revenue of EUR 41.7 million and EBIT of EUR 10.1 million. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an adjusted EBIT margin of at least 20% and a production volume of more than 1,250 units. For further information, please contact: Steyr Motors AG Press Contact in Germany, Austria, Schweiz Press Contact in France Press Contact in UK
11.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Steyr Motors AG |
| Im Stadtgut B1 | |
| 4407 Steyr | |
| Austria | |
| Phone: | +43 7252 2220 |
| E-mail: | office@steyr-motors.com |
| Internet: | https://www.steyr-motors.com/de/ |
| ISIN: | AT0000A3FW25 |
| WKN: | A40TC4 |
| Listed: | Regulated Unofficial Market in Frankfurt (Scale); Vienna Stock Exchange (Vienna MTF) |
| EQS News ID: | 2098206 |
| End of News | EQS News Service |
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2098206 11.03.2025 CET/CEST
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