EQS-News: Steyr Motors conquers the UGV market – engine technology powers autonomous ground vehicles

EQS-News: Steyr Motors AG / Key word(s): Incoming Orders
Steyr Motors conquers the UGV market – engine technology powers autonomous
ground vehicles

12.06.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Steyr Motors conquers the UGV market – engine technology powers autonomous
ground vehicles

• CORNUS UGV from RTC relies on proven high-performance engines from
Steyr Motors
• Presence in the future market for unmanned systems is being
significantly expanded
• U.S. rescue operation in the Strait of Hormuz supported by USV
deployment underscores the high relevance of autonomous vehicle
platforms and further fuels demand for unmanned vehicle solutions
• Addressing a multi-billion-dollar market with an estimated volume of
over USD 67 billion by 2033
• Growth potential from autonomous defense solutions is only partially
reflected in the current order backlog

Steyr, Austria, 12 June 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 civil applications, is further expanding its
position in the rapidly growing market for autonomous systems. Following
successful deployments in the field of unmanned surface vehicles (USV),
Steyr Motors’ technology is now also being integrated into
state-of-the-art unmanned ground vehicles (UGV).

The CORNUS UGV, developed by the Slovenian specialist RTC, will be powered
by a Steyr Motors engine in the future. The modular platform has been
designed for demanding operations in military and security-relevant
environments and can be flexibly configured for a wide range of missions.
Whether used for logistics transport in rough terrain, as a mobile power
station in the field, or for reconnaissance missions – such applications
require extremely compact, fail-safe, and application-specific propulsion
solutions capable of delivering uncompromising performance even under
extreme thermal and mechanical loads.

“The integration of our engine into RTC’s CORNUS platform is an important
and forward-looking example for Steyr Motors of how our engines, developed
for highly critical defense applications, can optimally support the
rapidly growing UGV segment. Unmanned systems demand maximum resilience.
The technological DNA that makes our propulsion systems so successful in
marine applications and protected vehicles now also provides autonomous
land systems with the necessary power and reliability,” says Julian
Cassutti, CEO of Steyr Motors AG.

The strategic importance of autonomous systems is becoming increasingly
evident. Recently, the rescue of the crew of a downed U.S. AH-64 Apache
helicopter near the Strait of Hormuz attracted attention. For the first
time, an unmanned surface vehicle was operationally deployed in a maritime
rescue mission involving personnel. The incident is considered a milestone
for the entire industry and demonstrates how autonomous platforms are
transitioning from testing phases into real-world, mission-critical
operations.

The global unmanned systems market in the defense and security sector is
currently undergoing a technological paradigm shift. Driven by the need to
minimize risk, maximize endurance, and ensure extreme reliability,
autonomous platforms are rapidly moving away from experimental prototypes
toward mission-critical and life-saving operational deployments. According
to current industry analyses, the global unmanned systems market is
expected to reach a volume of over USD 67 billion by 2033, driven by a
compound annual growth rate (CAGR) of more than 11%. The unmanned ground
vehicle (UGV) segment in particular is developing dynamically: the
military UGV market is growing rapidly and is forecast to reach nearly USD
5 billion by the mid-2030s.

Against the backdrop of rising global geopolitical tensions, armed forces
worldwide are investing heavily in the modernization of their fleets. The
focus is increasingly on semi- and fully autonomous platforms for
reconnaissance, logistics, and soldier protection. Against this backdrop,
demand for robust and efficient propulsion systems for autonomous
platforms is also increasing. Steyr Motors benefits from decades of
experience in developing engines for specialized military applications,
naval operations, and security-critical systems. The growth opportunities
arising from the globally expanding unmanned systems market – both in
unmanned surface vehicles (USV) and unmanned ground vehicles (UGV) – are
only partially reflected in the current order backlog of EUR 308 million
as of the end of Q1.

“We highly value the cooperation with RTC and look forward with great
anticipation to the continued technological development and future
application possibilities of the CORNUS platform, and we are excited to
further expand our presence in the unmanned systems market,” Julian
Cassutti added.

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: +43 676 6222367
Email: [2]ir@steyr-motors.com
[3] www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: [4]sh@crossalliance.de
[5] www.crossalliance.de

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12.06.2026 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: 2344580

 
End of News EQS News Service

2344580  12.06.2026 CET/CEST

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References

~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. ir@steyr-motors.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0c5e4ca197eb5ff1f40916289b19a7b9&application_id=2344580&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=2344580&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2344580&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
7. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9b675d21758f0fed0db1090e40a1cf41&application_id=2344580&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

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