Oshkosh Invests In Carnegie Foundry To Accelerate Autonomy, Robotics

Oshkosh Corp OSK has entered a strategic partnership and invested in Carnegie Foundry to accelerate innovation in autonomy and robotics. The financial terms of the deal were not disclosed.
Carnegie Foundry is a robotics and artificial intelligence (AI) venture studio based in Pittsburgh, Pennsylvania.
Carnegie Foundry has an existing relationship with the National Robotics Engineering Center (NREC) at Carnegie Mellon University.
The new partnership will build upon this relationship and complement Oshkosh's ongoing autonomous vehicles and equipment work.
As part of the strategic alliance, a member of Oshkosh will join the Carnegie Foundry Board of Directors.
Price Action: OSK shares are trading lower by 2.14% at $105.86 on the last check Monday.