• In early January 2026, Oshkosh Corporation highlighted a suite of AI-, autonomy-, connectivity- and electrification-enabled solutions across construction, waste management, firefighting and airport operations, while Oshkosh Defense secured new Common Bridge Transporter orders from the U.S. Army and additional Dutch Expeditionary Patrol Vehicle orders from the Netherlands Ministry of Defence.
• The acquisition of Canvas’s core robotics technology and the rollout of systems like HARR-E and the Collision Avoidance Mitigation System show how Oshkosh is extending intelligent, safety-focused automation across its specialty vehicle and equipment portfolio.
• With Oshkosh’s recent defense contract wins reinforcing demand for its specialized platforms, we’ll examine how this shapes the company’s existing investment narrative.

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Oshkosh Investment Narrative Recap

To own Oshkosh, you need to believe in its ability to turn specialty vehicle expertise into durable demand across construction, defense and airport operations, while defending margins against cost and pricing pressures. The latest AI, autonomy and electrification showcase, coupled with fresh defense orders, appears supportive of the innovation and contract visibility catalysts, but does not materially change the near term focus on tariff risk and exposure to large government programs.

The new U.S. Army Common Bridge Transporter order, under the Family of Heavy Tactical Vehicle V program, is particularly relevant here, as it underscores Oshkosh’s reliance on sizable government contracts for revenue stability and capital return capacity. How consistently the company converts this contract pipeline and its automation investments into resilient earnings will be central to how investors weigh the upside against concentration and policy risks.

Yet investors should also be aware that Oshkosh’s growing dependence on large government contracts could...

Oshkosh's narrative projects $12.0 billion revenue and $940.2 million earnings by 2028. This requires 5.1% yearly revenue growth and about a $289.8 million earnings increase from $650.4 million.

Uncover how Oshkosh's forecasts yield a $153.08 fair value, in line with its current price.

Exploring Other Perspectives

Seven Simply Wall St Community fair value estimates for Oshkosh span roughly US$10 to US$242 per share, showing how far opinions can diverge. Against that backdrop, Oshkosh’s push into AI enabled, electrified equipment puts extra focus on how much weight you place on its innovation catalyst when judging future performance.

Explore 7 other fair value estimates on Oshkosh - why the stock might be worth less than half the current price!

Build Your Own Oshkosh Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Oshkosh research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Oshkosh research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Oshkosh's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.