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][email protected]
   [3]www.steyr-motors.com

   Press contact:
   CROSS ALLIANCE communication GmbH
   Susan Hoffmeister
   Phone: +49 89 125 09 0333
   E-mail: [4][email protected]
   [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:      [email protected]
   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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