Muskegon, June 5, 2025 – RENK America, a leading provider of mobility solutions for tracked military vehicles, announced today it has been awarded a contract exceeding $99 million by its long-standing defense customer. The award includes the delivery of new engines and comprehensive engine overhauls, underscoring RENK America's commitment to supporting mission readiness and lifecycle sustainment for their customers, both domestic and international.
This award highlights RENK America's continued role as a trusted partner in delivering high-performance, reliable engines that meet the evolving needs of the warfighter. The program will be executed from the company’s facility in Muskegon, Michigan, and will sustain skilled jobs while strengthening domestic defense manufacturing.
“We are a key enabler of ground combat vehicle performance across the globe,” said Ian Pain, CEO of RENK America. “We’re proud to continue our decades-long partnership, supporting our customers and partners with the technologies and in-service support that keep their armed forces moving.”
The effort will focus on both the production of new engines and the overhaul of fielded systems, ensuring operational efficiency and long-term supportability.
“Our customer’s confidence in RENK America is rooted in our consistent performance, engineering expertise, and ability to deliver at scale,” said Jim Pantano, General Manager of RENK America’s Engine Business. “This award not only strengthens our strategic relationship – it’s a testament to our team’s commitment to excellence and our shared mission of keeping Warfighters equipped with the best mobility solutions available.”
RENK America remains focused on providing both the U.S. Army and international allies with industry-leading propulsion systems that power today’s and tomorrow’s combat vehicles.
About the RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2024, RENK Group AG generated revenue of EUR 1.14 billion. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
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