Abstract: This paper presents the findings and results of the third edition of the Multi-modal Aerial View Object Classification (MAVOC) challenge in a detailed and comprehensive manner. The challenge consists of two tracks. The primary aim of both tracks is to encourage research into building recognition models that utilize both synthetic aperture radar (SAR) and electro-optical (EO) imagery. Participating teams are encouraged to develop multi-modal approaches that incorporate complementary information from both domains. While the 2021 challenge demonstrated the feasibility of combining both modalities, the 2022 challenge expanded on the capability of multi-modal models. The 2023 challenge introduces a refined version of the UNICORN dataset and demonstrates significant improvements made. The 2023 challenge adopts an updated UNIfied CO-incident Optical and Radar for recognitioN (UNICORN V2) dataset and competition format. Two tasks are featured: SAR classification and SAR + EO classification. In addition to measuring accuracy of models, we also introduce out-of-distribution measures to encourage model robustness.The majority of this paper is dedicated to discussing the top performing methods and evaluating their performance on our blind test set. It is worth noting that all of the top ten teams outperformed the Resnet-50 baseline. The top team for SAR classification achieved a 173% performance improvement over the baseline, while the top team for SAR + EO classification achieved a 175% improvement.