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Allison Transmission Holdings, Inc. reports news on high-performance mobility and work solutions for commercial, off-highway and defense applications. The company manufactures fully automatic transmissions and related drive and motion systems used across transportation, infrastructure, mining, energy, agriculture, construction and national security markets.
Recurring Allison news includes quarterly and annual earnings, demand by end market, dividend and share-repurchase actions, product integrations with commercial vehicle manufacturers, and updates tied to its Allison Transmission and Allison Off-Highway Drive & Motion Systems business units. Following the completed acquisition of Dana's Off-Highway business, company updates also address integration, segment reporting and the expanded off-highway product portfolio.
Allison Transmission announced the integration of its eGen Power 100D electric axle into Emergency One's E1 EV0 fire engine, unveiled at Interschutz 2022 in Hanover, Germany. This marks the first all-electric pumping vehicle certified to BS EN1846 standards in the UK. The eGen Power 100D offers continuous output of 454 kW and peak output of 652 kW, enhancing efficiency, acceleration, and maneuverability for fire and rescue operations. The vehicle has already been sold to the Scottish Fire and Rescue Service, expected to be operational by early 2023.
Allison Transmission showcased its RDS-equipped F-Series trucks at a Ride & Drive event in Indianapolis, featuring new Class 6 FTR and Class 6/7 FVR models paired with Cummins B6.7 engines. Fleet customers praised the trucks' performance, noting improved acceleration, smooth gear shifting, and excellent maneuverability. The trucks are designed for enhanced cargo capacity with low cab forward designs, providing operational versatility. The F-Series is available at over 300 dealerships across the U.S. Allison Transmission stands as a leader in propulsion solutions for commercial vehicles.
Allison Transmission's 9832 Oil Field Series™ transmission has achieved outstanding recognition at China's Daqing Oilfield, known for its challenging extraction conditions. Over two years, the transmission has demonstrated reliability and efficiency, vital for large-scale shale oil fracturing projects. The system's high input power of 3,200hp and lightweight design enhance its effectiveness. Feedback from Daqing's Project Manager highlights significant performance benefits and reduced downtime, contributing to increased fleet profitability. This endorsement further solidifies Allison's position as a trusted provider in the energy sector.
Allison Transmission has partnered with GILLIG and Cummins to introduce its eGen Flex electric hybrid propulsion system in buses for the Indianapolis Public Transportation Corporation (IndyGo). These buses can operate in electric-only mode for up to 10 miles, enhancing fuel efficiency and reducing emissions. The eGen Flex offers a flexible solution that allows transit agencies to adopt electric capabilities while still utilizing a diesel engine. This innovation marks a significant step in IndyGo's mission to lower its carbon footprint and improve urban mobility.
The 2021 ESG Report by Allison Transmission highlights its commitment to sustainability through transparent data on environmental performance and social impacts. The company has expanded its electric vehicle product lineup, introducing two new e-Axle variants in 2021, and made significant investments in commercial vehicle technology, including a new Innovation Center. Innovations like FuelSense® 2.0 enhance fuel efficiency by up to 6%, promoting reduced emissions. The report emphasizes Allison's dedication to responsible corporate citizenship.
Allison Transmission (NYSE: ALSN) will support the U.S. Army's Common Tactical Truck (CTT) program, replacing over 7,000 heavy trucks with fuel-efficient vehicles. This initiative could generate over $150 million in revenue for Allison's defense sector. The CTT program aims for improved fuel efficiency, safety systems, and predictive maintenance, leveraging advancements from the commercial vehicle industry. Prototype testing is set for late 2023, with awards expected by 2025. Allison's FuelSense 2.0® technology aims for up to 6% fuel savings while maintaining performance.
Xos, Inc. has entered a strategic partnership with Allison Transmission to develop heavy-duty Class 7 and 8 commercial electric vehicles using Allison's eGen Power e-Axles. The initial e-Axle hardware is delivered for integration and testing, with further units expected throughout 2022. Xos aims to enhance its offerings for fleet owners by leveraging Allison's technology and service network, addressing the rising maintenance costs and emissions regulations in the electric vehicle market. This collaboration is expected to accelerate growth and improve operational efficiencies for both companies.
Allison Transmission (NYSE: ALSN) showcased its advanced propulsion technology at the 2022 Modern Day Marine Expo in Washington, D.C., from May 10-12. The company emphasizes its support for the U.S. Marine Corps by enhancing fuel efficiency in critical vehicles like the Joint Light Tactical Vehicle and Medium Tactical Vehicle Replacement. Innovations like FuelSense® 2.0 software contribute to fuel savings of up to 6%. This aligns with the Marine Corps' goal of improving operational efficiency, as noted by Lt. Gen. Edward Banta, who reported 10-15% efficiency improvements.
Allison Transmission (NYSE: ALSN) has announced the election of D. Scott Barbour to its Board of Directors, following the 2022 annual meeting of stockholders. Barbour is the CEO of Advanced Drainage Systems and brings extensive leadership experience in manufacturing. He will serve on the Audit and Compensation Committees, increasing the Board to ten members. His term expires at the 2023 annual meeting. Barbour’s expertise in operational improvement and strategic repositioning could enhance Allison’s focus on innovative vehicle propulsion solutions.
Allison Transmission Holdings Inc. (NYSE: ALSN) has declared a cash dividend of $0.21 per share for Q2 2022, payable on May 27, 2022, to stockholders recorded by May 16, 2022. The future dividends will depend on the company’s financial health and operational outcomes. As a leader in propulsion solutions, Allison serves various sectors, including commercial and defense vehicles, with a global presence and extensive manufacturing facilities.