Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission Holdings Inc. (NYSE: ALSN) announced it will hold its fourth quarter and full year 2022 financial results conference call on February 15, 2023, at 5:00 p.m. EDT. Chairman and CEO David S. Graziosi, along with CFO G. Frederick Bohley, will discuss the company's financial performance. The news release with the financial results will be published after the market closes on the same day. Interested parties can join via telephone or listen to a live webcast at ir.allisontransmission.com. A replay of the call will be available from 9:00 p.m. EDT on February 15 until 11:59 p.m. EDT on February 22.

All Top 10 trucks in the 2023 Dakar Rally were equipped with Allison fully automatic transmissions. Team De Rooy emerged victorious with their Allison-equipped truck, starting from the Red Sea and concluding in Dammam, Saudi Arabia, covering a distance of 8,549 kilometers. The rally showcased extreme conditions, with Allison's 4000 Series transmissions demonstrating superior reliability and performance across challenging terrains. Gerard De Rooy praised the team's success, highlighting the importance of the transmission in achieving high speeds and power delivery. Allison continues to lead in providing robust propulsion solutions for commercial and defense vehicles.

Allison Transmission has partnered with Larsen and Toubro (L&T) to provide the 3040 MX™ propulsion solution for the Indian Army's Futuristic Infantry Combat Vehicle (FICV) prototype. The Indian Army plans to procure approximately 1,750 FICVs over the next two decades, which will replace aging BMP-1 and BMP-2 vehicles. Allison will oversee the design, development, and testing of the 3040 MX through 2024. This collaboration is part of India's Make in India program aimed at modernization. The 3040 MX is also utilized in the U.S. Army's Mobile Protected Firepower Light Tank.

Allison Transmission has partnered with Nikola Corporation to test its Class 8 battery-electric vehicle (BEV) and hydrogen fuel cell electric vehicle (FCEV) at Allison’s Vehicle Electrification + Environmental Test Center in Indianapolis. This collaboration aims to enhance performance evaluation through controlled thermal environments and dynamometer road simulations, reducing product development timelines and costs for both companies. The VE+ET Center, unique in the Midwest, offers testing year-round, enabling significant advancements in alternative fuel technologies and optimization of vehicle performance.

Allison Transmission (NYSE: ALSN) has secured a $51 million contract for the X1100-3B1 transmission to support the Abrams Main Battle Tank used by the U.S. Army and Foreign Military Sales customers. This contract signifies Allison’s growing defense sales in the Asia Pacific and Eastern Europe markets. Deliveries will commence in January 2023 and continue until March 2024. The company plans to launch new defense production programs annually over the coming years, enhancing its role in military vehicle propulsion solutions.

Allison Transmission (NYSE: ALSN) has been awarded the Pro Patria Award by the Indiana ESGR Committee, recognizing its exceptional support for employees serving in the National Guard and Reserve. This accolade reflects the company's commitment to veterans through various initiatives, including partnerships with local veterans' organizations and participation in career fairs. The award was presented on November 11, 2022, at the Veterans Day breakfast, highlighting Allison's ongoing support and leadership in promoting employee service.

Allison Transmission has received the 2022 National Excellence in Training 'Grand Award' from the ASE Training Manager Council for its Off-Highway Maintenance and Overhaul training program. This recognition highlights Allison's ongoing commitment to quality training for service technicians across its global network of over 1,400 dealers. The award ceremony took place on November 2, 2022, during Industry Week in Las Vegas. The program aims to enhance technician skills for diagnosing and repairing Allison's transmissions, resulting in better vehicle uptime for customers.

Allison Transmission Holdings Inc. (NYSE: ALSN) has declared a cash dividend of $0.21 per share for Q4 2022. The dividend will be paid on November 30, 2022, to stockholders on record as of November 21, 2022. Future dividends will depend on the company's financial health, operational results, and other relevant factors as determined by the Board of Directors. Known for its propulsion solutions, Allison is a leader in manufacturing fully automatic transmissions for various commercial and defense vehicles, with a presence in over 150 countries.