Allison Transmission Awarded $162 Million Contract to Provide X1100 Transmissions to the U.S. Army Through 2021
Allison Transmission Holdings, Inc. (ALSN)
Last allison transmission holdings, inc. earnings: 2/19 04:05 pm
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Source: Business Wire
The contract awarded to Allison Transmission will support the sustainment of the Army’s Abrams Main Battle Tank fleet INDIANAPOLIS--(BUSINESS WIRE)--The U.S. Army selected Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, to provide the X1100-3B1 propulsion solution for the M1A2 Abrams Main Battle Tank. The contract, valued at approximately $162M, includes transmission production, upgrades, sustainment kits and service support. Deliveries began in March 2020 and will continue through December 2021.“Our support for the Army’s armored formations spans five decades,” said Dana Pittard, Vice President for Defense Programs at Allison Transmission. “This contract demonstrates that Allison’s long-term relationship with the Army is built on trust, partnership and a mutual commitment to the Abrams fleet.”The X1100 cross-drive transmission is geared for heavy-tracked combat vehicles weighing 50
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ALSN
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- 10/29/24 - Beat
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- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- ALSN's page on the SEC website