Oshkosh Down 5% On Collaboration With Carnegie Foundry

Shares of Oshkosh Corporation (OSK) are down nearly 5% on Tuesday morning after the company said it will invests in Carnegie Foundry to build upon autonomy and robotics capabilities.

OSK is currently trading at $102.07, down $4.79 or 4.48%, on the NYSE. The stock has traded between $66.74 and $137.47 in the 52 week period. The stock has gained over 30% in that period.

Oshkosh and Carnegie Foundry, a robotics and artificial intelligence (AI) venture studio headquartered in Pittsburgh, Pennsylvania, announced a strategic partnership. Oshkosh will also invest in Carnegie Foundry to accelerate innovation in autonomy and robotics.

Carnegie Foundry has an existing relationship with the National Robotics Engineering Center (NREC) at Carnegie Mellon University, the world leader in autonomous robotics and artificial intelligence.

As part of the strategic partnership, a member of Oshkosh Corporation will join the Carnegie Foundry Board of Directors.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Intelligent Investor.
Follow RTT