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WASHINGTON - Oshkosh Defense, a business of Oshkosh Corporation (NYSE:OSK), announced it will introduce its Family of Multi-Mission Autonomous Vehicles (FMAV) at the Association of the United States Army Annual Meeting & Exposition taking place Monday through Wednesday in Washington.
The company will showcase three production-ready variants from its autonomous vehicle portfolio, designed to support U.S. Army modernization priorities for long-range precision fires and autonomous operations. The company’s strong financial position, with liquid assets exceeding short-term obligations and moderate debt levels, positions it well to deliver on these military contracts.
The exhibition will feature the Extreme Multi-Mission Autonomous Vehicle (X-MAV), a purpose-built autonomous launcher solution displayed with four Tomahawk Land Attack Missiles; the Medium Multi-Mission Autonomous Vehicle (M-MAV), derived from the Oshkosh FMTV A2 and equipped with the Multiple Launch Rocket System Family of Munitions; and the Light Multi-Mission Autonomous Vehicle (L-MAV), which will showcase the AeroVironment Switchblade 600 Loitering Munition and Titan C-UAS.
"The Army has been clear on the need for autonomous, payload-agnostic platforms that are ready now," said Pat Williams, Chief Programs Officer at Oshkosh Defense, according to the press release.
The vehicles are built on proven tactical platforms with scalable autonomy features and are designed for optionally manned or fully autonomous operations. The company states the vehicles can be configured for various missions including counter-unmanned aerial systems, electronic warfare, and resupply operations.
Oshkosh Defense representatives will be available to discuss the company’s vehicle portfolio and technologies at booth #1625 during the exhibition. With a remarkable 45.7% price return over the past six months and current analysis suggesting the stock is undervalued, investors can access detailed valuation metrics and 8 additional ProTips through InvestingPro’s comprehensive research reports.
In other recent news, Oshkosh Defense announced it has secured an $89 million order from the U.S. Army for Palletized Load System A2 vehicles, kits, and installations. This order is part of the Family of Heavy Tactical Vehicles contract and includes advanced technologies such as by-wire functionality for autonomous operations. Additionally, Oshkosh’s second-quarter earnings report revealed strong results, with earnings per share surpassing consensus estimates and showing increased profit and margins across all business segments. Following these results, UBS raised its price target for Oshkosh to $164, maintaining a Buy rating. DA Davidson also increased its price target to $160, noting improvements in the company’s Access segment. Raymond James adjusted its price target to $155, citing Oshkosh’s adjusted earnings per share of $3.41, which exceeded expectations. KeyBanc raised its price target to $180, driven by higher fiscal year 2027 estimates, despite lower expectations for the Access segment. These developments reflect a positive outlook from several analyst firms regarding Oshkosh’s future performance.
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