Allison Transmission Expands Market Share of Wheeled Defense Vehicles Outside North America
Rhea-AI Summary
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.
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
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.
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
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
In
"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
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SOURCE Allison Transmission Holdings Inc.
