At the International Armoured Vehicles Conference held January 20–22 in Farnborough, Oshkosh Defense displayed its combat-proven Joint Light Tactical Vehicle (JLTV) platform in Booth D8. The company reported production of more than 24,000 JLTVs for the U.S. Armed Forces and coalition partners, including The Netherlands, Slovenia, Slovakia and Israel. As the only original equipment manufacturer authorized to sell JLTVs via Direct Commercial Sales, Oshkosh underlined its ability to deliver vehicles with proven protection, mobility and open-architecture systems. Senior executives highlighted recent orders for 1,200 JLTV variants in Eastern Europe and noted ongoing discussions with Brazil and Mongolia for additional modernization packages.

Oshkosh’s latest backlog stood at $8.5 billion at the end of fiscal Q4, down 10% year-over-year after the completion of a major tactical vehicle program. The Access segment, which includes refuse collection and concrete mixer vehicles, saw revenue decline 5% sequentially as municipal procurement cycles softened. Management trimmed full-year 2025 earnings guidance to a range of $8.50–$8.75 per share, compared with prior expectations of $9.00–$9.25, citing lower Access demand and slower ramp-up of international defense contracts.

Oshkosh has invested over $150 million since 2023 in artificial intelligence and autonomy for its military and commercial vehicle lines, developing driver-assist and unmanned convoy capabilities. Despite technical progress—demonstrated in a December trial where an autonomous Oshkosh logistics truck completed a 200-mile route—commercial sales have been limited. The company reported only three pilot programs awarded by domestic waste management firms so far, well below its target of 12 autonomous vehicle contracts by mid-2026. Executives attribute the shortfall to regulatory approval delays and municipal budget constraints.