Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civilian applications, announced a strategically significant development order from a leading international provider of defense and security technologies based in Singapore. The publicly traded customer develops modern land vehicles, weapon systems, ammunition solutions, and integrated mobility and protection systems for armed forces and security authorities worldwide.
Steyr Motors was commissioned to develop and supply the powerful M14TCI-120 4-cylinder vehicle engine for a new, future-oriented all-terrain vehicle concept. The combination of high power density, exceptional reliability, and extreme robustness makes the M14TCI-120 an ideal drive solution, underscoring Steyr Motors' technological leadership in mission-critical drive systems. The development contract covers engine delivery and development services, with project planning indicating significant long-term sales potential for engine deliveries in the high three-digit range. The expected order volume for Steyr Motors exceeds EUR 20 million by 2030, surpassing the previously communicated order backlog. This potential reflects growing international demand for powerful and reliable drive systems for modern emergency vehicles.
Julian Cassutti, CEO of Steyr Motors, commented: “The collaboration with this new customer is just as significant as the development contract we signed with Rheinmetall Landsysteme GmbH about a year ago. The fact that the Singapore-based defense and technology group has placed its trust in our expertise and experience confirms the international competitiveness of our products and our development team. We are proud and look forward to making a key contribution to a pioneering vehicle concept with our M14TCI-120. This project sends a strong signal and forms the basis for further platforms for this customer. The development contract solidifies our role as a preferred development partner for sophisticated drive solutions in safety-related applications worldwide, providing another strong foundation for our growth.”
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 visit the company's website at www.steyr-motors.com.
