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Allison Transmission Expands Market Share of Wheeled Defense Vehicles Outside North America

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Allison Transmission reports significant expansion in global Defense market share through multiple program wins for wheeled defense vehicles outside North America. The company secured contracts for its Specialty Series™ (SP) transmission with several defense programs including: Canadian Department of National Defence's Mercedes-Benz Zetros vehicles, British Ministry of Defence's Boxer armored vehicle program, German Federal Armed Forces' Boxer vehicles, Polish Bóbr-3 Light Armored Reconnaissance Carriers, and Romanian MoD's defense logistic platforms. Production and deliveries for various programs are scheduled to begin in 2025, with some contracts extending to 2035.

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Positive

  • Secured multiple new defense contracts across Europe and Canada
  • Production for Canadian Department of National Defence contract starting 2025
  • Long-term contract with Poland's AMZ-Kutno spanning 2025-2035
  • Expanded market presence in key military markets including UK, Germany, Australia, Lithuania and Netherlands
  • Contract renewal with Iveco Defence Vehicles for Romanian MoD

Negative

  • None.

News Market Reaction 1 Alert

+1.33% News Effect

On the day this news was published, ALSN gained 1.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANAPOLIS, Oct. 23, 2024 /PRNewswire/ -- Allison Transmission has made significant strides in the global Defense market, achieving key program wins that will significantly expand Allison's installed base and revenue in the wheeled defense vehicle segment. Allison is experiencing continued growth in this vehicle segment as a result of strategic partnerships with vehicle manufacturers to support defense programs outside North America.

The Allison Specialty Series™ (SP) transmission has been selected for several wheeled defense vehicles. The Canadian Department of National Defence recently announced it will receive Mercedes-Benz Zetros four-axle 8x8 vehicles with the Allison 4500 SP automatic transmission in partnership with GDLS-Canada as part of the Logistics Vehicle Modernization (LVM) project. Production is slated to begin in 2025.

Over the past year, ARTEC, a consortium of KNDS company Kraus-Maffei-Wegmann and Rheinmetall, chose Allison's 4800 SP transmission for the British Ministry of Defence's Boxer armored vehicle program. Initial transmissions have been delivered in the U.K. for use in the 8x8 Boxer Mechanised Infantry Vehicle, part of a larger order for new Boxer vehicles intended for the British Army.

Additionally, the German Federal Armed Forces are set to receive Boxer vehicles, with deliveries starting in 2025. Over 700 Boxer vehicles have been delivered in recent years to countries including Australia, Germany, Lithuania and the Netherlands. The U.K. Ministry of Defence has also placed an order currently in production with Supacat for Allison 2500 SP transmissions for the Jackal High Mobility Truck Variants (HMT 400s), also known as Jackal 3.

In Poland, a contract with AMZ-Kutno has been signed to supply Bóbr-3 Light Armored Reconnaissance Carriers equipped with the Allison 3000 SP transmission as part of the Kleszcz program, with deliveries spanning 2025 to 2035. Furthermore, Iveco Defence Vehicles (IDV) has renewed its contract to provide the Romanian MoD with defense logistic platforms, including a variant based on the Astra 8x8 chassis equipped with the Allison 4700 SP transmission.

"Allison has the distinct advantage of leveraging our commercial vehicle experience and relationships as we grow our wheeled defense business," said Heidi Schutte, Vice President of EMEA, APAC and South America Sales, Allison Transmission. "With decades of proven reliability and durability, we offer a wide range of propulsion solutions that meet the diverse application requirements for tactical wheeled vehicles for the defense industry."

Learn how Allison optimizes wheeled defense vehicle performance at allisontransmission.com.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway vehicles (distribution, refuse, construction, agriculture, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Allison Transmission Holdings Inc. Logo (PRNewsfoto/Allison Transmission Holdings Inc.)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-transmission-expands-market-share-of-wheeled-defense-vehicles-outside-north-america-302284741.html

SOURCE Allison Transmission Holdings Inc.

FAQ

What new defense contracts did Allison Transmission (ALSN) secure in 2024?

Allison secured contracts for SP transmissions with the Canadian Department of National Defence, British Ministry of Defence's Boxer program, German Federal Armed Forces, Polish Bóbr-3 carriers, and Romanian MoD's defense logistics platforms.

When will Allison Transmission (ALSN) begin production for the Canadian Defense contract?

Production for the Canadian Department of National Defence's Mercedes-Benz Zetros vehicles with Allison 4500 SP transmissions is scheduled to begin in 2025.

What is the duration of Allison Transmission's (ALSN) contract with Poland's AMZ-Kutno?

The contract with AMZ-Kutno for Bóbr-3 Light Armored Reconnaissance Carriers spans from 2025 to 2035.
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