Steyr Motors drives growth in the U.S. – signing of another framework agreement

EQS-News: Steyr Motors AG / Key word(s): Incoming Orders Steyr Motors drives growth in the U.S. – signing of another framework agreement 23.06.2025 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Steyr Motors drives growth in the U.S. – signing of another framework agreement

• Strengthening of market position in the USA
• Framework agreement with an established supplier of maritime and industrial drive solutions
• Expected order volume of around USD 15 million over four years

Steyr, Austria, 23 June 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world's leading companies in the field of customized engines for mission-critical defense and civil applications, is significantly expanding its market presence in the United States. Through a new framework agreement with its U.S. distribution partner, Laborde Products Inc., based in Covington, Louisiana, Steyr Motors is strengthening its presence in one of the world's most important markets.

Laborde Products, Inc. is a well-established supplier of marine and industrial drive solutions. The new framework agreement with the U.S. partner covers sales in all continental U.S. states, as well as the U.S. territories of Puerto Rico, the U.S. Virgin Islands, and the Bahamas. This agreement provides Steyr Motors with an almost comprehensive sales structure in North America. The agreement includes both civilian applications and new projects in the U.S. Navy sector. Existing military contracts, such as the one with boat builder Ribcraft for the Navy Seals, will remain unaffected.

Steyr Motors expects this agreement, initially scheduled to run until 2028, to generate around USD 2 million in revenue in the current year. A gradual increase in volume is expected in subsequent years. The total value of the new framework agreement is approximately USD 15 million over the four-year contract period.

“The U.S. is one of our core strategic markets outside of Europe. Through our partnership with Laborde Products, we are strengthening our market position in the U.S., one of the world's largest markets in terms of volume in both the civil and military sectors. We are also expanding our service network, an important step in providing our customers with the best possible support,” comments Julian Cassutti, CEO of Steyr Motors.