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Oshkosh Defense Advances Next-Gen Autonomous Technology for ROGUE-Fires

1. Oshkosh Defense received a $29.9 million contract to enhance autonomous technology. 2. The ROGUE-Fires unit improves the Marine Corps' sea denial capabilities. 3. Technological advancements increase battlefield resilience in contested environments. 4. Oshkosh partners with Forterra for innovative military solutions. 5. Investment aligns with the Marine Corps' modernization priorities for evolving threats.

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FAQ

Why Bullish?

The contract reflects strong demand for military technology, likely boosting investor confidence as seen with similar defense contracts in the past.

How important is it?

The awarded contract significantly enhances Oshkosh's offerings, directly supporting future growth and military collaboration.

Why Long Term?

This strategic partnership could yield sustained revenue growth over multiple years, akin to past military contracts.

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FORTLMTNOC
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, was awarded a $29.9 million contract modification to integrate next-generation autonomous technology into the Remotely Operated Ground Unit for Expeditionary Fires (ROGUE-Fires) with deliveries beginning in 2025. This award from the Marine Corps Systems Command reflects Oshkosh’s commitment to delivering advanced solutions that enhance operational capabilities and align with the Marine Corps’ mission to seize and defend key maritime terrain. Oshkosh will execute the award with ground-based autonomy partner, Forterra. ROGUE-Fires enhances the Marine Corps’ sea denial capabilities by furthering multi-domain dominance against adversaries and rapid expeditionary employment of Marine forces. The advanced self-driving technology of ROGUE-Fires provides the Marine Corps with increased flexibility, scalability and resilience in contested environments. By reducing the need for human driving in high-risk combat environments, this technology enhances battlefield lethality critical to success in the United States Indo-Pacific Command. “Through our trusted partnership with the Marine Corps and collaboration with industry leaders like Forterra, Oshkosh Defense remains committed to equipping the U.S. Marine Corps with advanced solutions that establish dominance across all domains,” said Pat Williams, chief programs officer at Oshkosh Defense. “ROGUE-Fires not only enhances mission flexibility and lethality but also directly supports the USMC’s modernization priorities, including sea denial capabilities, innovative formations, and optimized force design to meet evolving threats.” This award underscores Oshkosh Defense’s strategic partnership with Forterra, leveraging cutting-edge autonomous technology integrated with existing platforms, to achieve unparalleled interoperability while advancing Force Design 2030 objectives. This collaboration reflects Oshkosh’s commitment to equipping Marines with innovative solutions that outpace evolving threats and secure mission success in the most challenging environments. About Oshkosh Defense Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle. Oshkosh Defense, LLC is an Oshkosh Corporation business [NYSE: OSK]. Learn more about Oshkosh Defense at https://oshkoshdefense.com/. About Oshkosh Corporation At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com. ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies. About Forterra Forterra is a leading provider of autonomous systems for ground-based movement in the working world. The company is among the earliest innovators in the field of driverless technology, focused on building systems which protect front-line soldiers and enable civilian workers in our industrial base. Forterra is a go-to provider of autonomous solutions for the U.S. Department of Defense, which harnesses autonomy for asymmetric warfare in critical conditions. Learn more about Forterra at https://forterra.com/. Forward Looking Statements This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these, and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

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