EQS-News: Steyr Motors secures new long-term framework agreement with KNDS until 2034 for approximately 500 motor generator units
EQS-News: Steyr Motors AG / Key word(s): Incoming Orders
Steyr Motors secures new long-term framework agreement with KNDS until
2034 for approximately 500 motor generator units
02.03.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Steyr Motors secures new long-term framework agreement with KNDS until
2034 for at least 500 motor generator units
• Expansion of strategic cooperation with KNDS, a leading European
systems integrator for land systems
• Significant contribution to the planned ramp-up of Leopard 2
production as part of European defense modernization
• Strengthening Steyr Motors‘ role as a reliable supplier of
mission-critical power supply systems
• Additional backing for production volumes and technological expertise
at the Austrian site
Steyr, Austria, 02 March 2026 – Steyr Motors AG ([1]ISIN AT0000A3FW25),
one of the world’s leading companies in the field of customized engines
for mission-critical defense and civilian applications, announces the
conclusion of an extended framework agreement with KNDS. The contract
covers the delivery of at least 500 motor generator units (“MGUs”) in
total and runs until 2034. This agreement represents a significant
milestone in the long-standing partnership between the two companies.
The compact 2-cylinder diesel engines with integrated generator are used
for reliable power generation in military applications and are
specifically designed for the Leopard 2 battle tank. The units are also
used in the Leguan bridge-laying system.
The new order is part of the German government’s extensive modernization
and procurement programs. Given the changed security situation in Europe,
Germany is investing heavily in expanding and modernizing its armed
forces, particularly by acquiring new equipment and vehicles. A central
component of this strategy is the planned ramp-up of systems such as the
Leopard 2 battle tank. With its technologically advanced motor generator
units, Steyr Motors is contributing significantly to the successful
implementation of these initiatives.
Julian Cassutti, CEO of Steyr Motors, comments: “Our new framework
agreement with KNDS highlights our customers‘ trust in the quality,
reliability, and performance of our products. As a European manufacturer
of state-of-the-art drive solutions, we are proud to make a substantial
contribution to the operational readiness and long-term viability of
European defense systems.”
Steyr Motors’ MGU is characterized by its compact design, high robustness,
and outstanding efficiency. It ensures the self-sufficient power supply of
cutting-edge military platforms – a key requirement in increasingly
digitized and networked deployment scenarios. With the extended contract,
Steyr Motors is strengthening its position as a strategic supplier in the
field of special military drives and emphasizing the importance of
Austrian high-end technology within the European defense industry.
Company profile of Steyr Motors AG
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.
For further information, please contact:
Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: [2]ir@steyr-motors.com
[3] www.steyr-motors.com
Press contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: [4]sh@crossalliance.de
[5] www.crossalliance.de
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02.03.2026 CET/CEST This Corporate News was distributed by [6]EQS Group
View original content: [7]EQS News
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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: 2283014
End of News EQS News Service
2283014 02.03.2026 CET/CEST
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References
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2. ir@steyr-motors.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fa43d7aab0cc6b5f3e5a9bd745396480&application_id=2283014&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. sh@crossalliance.de
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a9f6782523c75b88380cf9d9c4273e43&application_id=2283014&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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7. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a6712f2780c5ac6e84b686927d45ed3e&application_id=2283014&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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