Defense tech · OSK
Oshkosh (OSK) gets 20% of its revenue from the U.S. government
What Oshkosh reports in its FY2025 10-K, and what federal contract records show.
Summary
Oshkosh reported that 20% of its FY2025 revenue came from the U.S. government: about $2.08B by our calculation of $10.4B in total. That ranks 27th of the 30 companies we cover that disclose a share.
Federal agencies obligated $1.57B in prime contracts to the 2 recipient records we matched to Oshkosh in federal fiscal year 2025, 100% of it from the Department of Defense. That is 0.75 times the U.S. government revenue the company reports.
Share of revenue over time
We have one reviewed year of Oshkosh's share so far. Earlier years are being checked against each 10-K and will be added after review.
| Fiscal year | U.S. gov share | U.S. gov revenue | Total revenue | Source |
|---|---|---|---|---|
| FY2025 | 20% | $2.08B | $10.4B | 10-K |
What Oshkosh counts as government revenue
- Definition used
- U.S. government (company-wide; Transport segment says its contracts include FMS)
- Foreign military sales
- The filing does not say
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- Not available: the figure includes FMS but the company does not disclose the amount
“Sales to the U.S. government comprised approximately 20% of the Company's net sales in 2025.”
Oshkosh, FY2025 Form 10-K · read the filing
New coverage: latest 10-K, picked by Claude Code; needs editor approval.
The contract record
Prime contract obligations on USAspending.gov for the 2 recipient records we matched to Oshkosh (obligations are not revenue).
In FFY2025, 100% of these obligations came from the Department of Defense and 0% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 7 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of the Army | $1.28B | 81.7% |
| Defense Logistics Agency | $249M | 15.9% |
| Department of the Navy | $38.3M | 2.4% |
| Bureau of Land Management | $417K | 0% |
| U.S. Special Operations Command | $28K | 0% |
| U.S. Marshals Service | $18K | 0% |
| Federal Acquisition Service | $2K | 0% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $911M | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $1.57B | Matched to FY2025 |
| FFY2024 | $1.42B | |
| FFY2023 | $2.00B | |
| FFY2022 | $1.62B | |
| FFY2021 | $2.16B |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| W56HZV15C0095Oshkosh Defense Llc | Department of the Army | THE CONTRACT INCLUDES FIRM FIXED PRICE (FFP) CONTACT LINE ITEM NUMBERS (CLIN) FOR VEHICLES, TRAILERS, KITS (PACKAGED AND INSTALLED), TEST… | $6.10B | 2015–2026 |
| W56HZV20C0050Oshkosh Defense Llc | Department of the Army | CONTRACT W56HZV-20-C-0050 IS ISSUED TO PROVIDE CONTINUATION OF CONTRACT W56HZV-15-C-0095. | $2.07B | 2020–2026 |
| W56HZV23C0081Oshkosh Defense Llc | Department of the Army | CONTRACT W56HZV-23-C-0081 IS ISSUED AS AN ADDITIONAL CONTINUATION CONTRACT FOR JLTV PRODUCTION WITH OSK UNDER W56HZV-15-C-0095. THIS ACTION… | $560M | 2023–2026 |
| 0009Oshkosh Defense Llc | Department of the Army | DELIVERY ORDER 0009 FUNDS FOR PROGRAM MANAGEMENT SUPPORT FOR THE 1 YEAR EXTENSION AWARDED UNDER BASIC MOD P00044. | $379M | 2015–2019 |
| W56HZV21F0252Oshkosh Defense Llc | Department of the Army | STRYKER 30MM ECP MEDIUM CALIBER WEAPON SYSTEM UPGRADE FIRST D.O. FOR PRODUCTION AND MANUALS. | $362M | 2021–2027 |
| W912CH25F0168Oshkosh Defense Llc | Department of the Army | UCA FOR FMTV LVAD VEHICLES | $235M | 2025–2027 |
| W56HZV23F0182Oshkosh Defense Llc | Department of the Army | MTV - OY6 ORDER FOR 1 TRUCK FOR ROMANIA | $207M | 2023–2026 |
| W912CH25F0007Oshkosh Defense Llc | Department of the Army | BUY FOR IS-ZZC - M1148A1P2, 8 TONNE TRUCKS AND CPC FOR ISRAEL DEFENSE FORCES. | $177M | 2024–2026 |
| W56HZV21F0329Oshkosh Defense Llc | Department of the Army | ORDER OF 541 A2 FMTV TRUCKS. | $174M | 2021–2025 |
| W912CH24F0082Oshkosh Defense Llc | Department of the Army | MTV - OY7 ORDER FOR NUMEROUS VARIANTS OF FMTV VEHICLES. | $170M | 2024–2027 |
Recipients we matched to Oshkosh
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| OSHKOSH DEFENSE LLC | ZMXAHH8M8VL8 | USAspending parentOSHKOSH CORP | $1.48B |
| PIERCE MANUFACTURING INC | ZHMHC2YER1X3 | USAspending parentOSHKOSH CORP | $89.5M |
Peers
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Sources
- Oshkosh, FY2025 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for Oshkosh (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Oshkosh Defense Llc (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology