Steyr Motors Secures Over EUR 20 Million in Maritime Supply Agreements

Steyr Motors AG, renowned for its robust diesel engines, has announced a significant expansion into maritime applications. The Austrian company has finalized multi-year framework agreements to supply 600 inboard diesel engines, valued at over EUR 20 million, to partners in the UK, Italy, France, and China.

This move marks a strategic diversification beyond their established defense sector operations for land vehicles. Leveraging their technological expertise, Steyr Motors is transferring its strengths to maritime uses, where their high-performance engines will serve both commercial and specialized vessels.

CEO Julian Cassutti emphasized the confidence these contracts reflect in Steyr's technology and its applications in both land and maritime environments. With anticipated growth, Steyr Motors sets a stable foundation for future endeavors in the global market.