Steyr Motors has signed a major development and supply agreement with Rheinmetall Landsysteme GmbH

Steyr, Austria, 11 March 2025 – Steyr Motors AG (ISIN ), one of the world's leading companies in the field of customized engines for mission-critical defense and civil applications, has signed a substantial framework 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.

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. 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.

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