Oshkosh has expanded its capabilities throughstrategic buyouts, including AUSA, to grow presence in agriculture, JBT's AeroTech for air transport and recurring revenues and Hinowa to advance electrification and its European footprint.The company plans to ramp up NGDV production throughout the year, reaching full capacity by the second half of 2025 and driving strong revenue growth into 2026. However, Oshkosh is currently facing a challenging near-term outlook due to multiple headwinds. Its consolidated backlog plunged in the latest reported quarter, signaling weaker future sales across all segments. While supply chain issues have eased, they've not normalized, leaving OSK vulnerable to shortages and price increases from third-party suppliers.The stock warrants a cautious stance for the time being.