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

   Press contact
   CROSS ALLIANCE communication GmbH
   Susan Hoffmeister
   Phone: +49 89 125 09 0333
   Email: [4][email protected]
   [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:      [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: 2344580


    
   End of News EQS News Service


   2344580  12.06.2026 CET/CEST

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