- John Pfeiffer, CEO of industrial manufacturer Oshkosh, told Jim Cramer that AI is already making the company’s vehicles more efficient and could make garbage trucks completely unmanned. said.
- The company just signed an $800 million deal with aerospace giant JBT’s Aerotech division.
John Pfeiffer, CEO of industrial manufacturer Oshkosh, told CNBC’s Jim Cramer that artificial intelligence is already making the company’s products more efficient. In fact, it has the potential to make vehicles like garbage trucks fully autonomous.
Pfeiffer said the company is already using AI to eliminate the traditional role of the person standing in the back of the truck.
“I think drivers will continue to be more productive, so as the years go on, they will be able to cover more stops in one shift,” he said. “Continued advancements in autonomy and AI will increase productivity and eventually allow us to go completely unmanned.”
Oshkosh manufactures access, defense, firefighting, emergency and commercial vehicles. After peaking at $106 in early February, the company’s stock fell to $72, but managed to climb to $83. In late April, the company reported first-quarter revenue of $2.27 billion, beating consensus expectations of $2.09 billion.
The company also just signed an $800 million deal with aerospace giant JBT’s Aerotech division.
“We really like this acquisition,” Pfeiffer said. “We are currently participating in airports using the JLG brand, with airport rescue and fire vehicles stationed on every tarmac. We see this as an opportunity to expand to other dedicated fleets at airports. .”
