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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 has successfully delivered the first FracTran transmissions to several industry partners, enhancing their hydraulic fracturing operations.
This innovative product is estimated to generate an additional $100 million in annual revenue for Allison's Off-Highway markets. The FracTran offers unmatched reliability, with a lifespan of up to 25,000 hours, and can deliver up to 3,500 horsepower without hardware modifications. This next-gen solution underlines Allison's commitment to sustainability and efficiency in the energy sector.
Allison Transmission has announced the integration of its 3414 Regional Haul Series™ transmission into Volvo's VNL trucks, marking a significant advancement in their heavy-duty vehicle offerings. This fully automatic transmission promises improved fuel economy of up to 8%, faster acceleration by 25%, and is the lightest in its class. The strategic partnership with Volvo is expected to generate a $100 million growth opportunity in annual revenue. The 3414 RHS is a drop-in solution for existing models and comes with a robust warranty of five years or 750,000 miles.
Michael Dick, Senior VP of Operations & Purchasing at Allison Transmission (NYSE: ALSN), announced his retirement effective March 11, 2022. Dick contributed significantly to manufacturing efficiencies and operational excellence during his 15-year tenure. Rafael Basso will take over as VP of Operations following Dick's retirement, while Teresa van Niekerk remains VP of Purchasing and Supplier Quality. Both Basso and van Niekerk are long-serving employees, with Basso having 22 years at Allison and van Niekerk 9 years. The transition aims to maintain Allison's operational success and leadership in vehicle propulsion solutions.
Allison Transmission Holdings (NYSE: ALSN) will hold its fourth quarter and full year 2021 financial results conference call on February 16 at 5:00 p.m. ET. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. A press release with financial results will be issued after market close on the same day. A live webcast will be available on the company's investor relations page, with a replay accessible from February 16 to February 23. Allison specializes in vehicle propulsion solutions for various commercial and defense vehicles.
Allison Transmission, a leader in vehicle propulsion solutions, has announced a $15 million investment in Autotech Ventures, a venture capital firm focused on transport technology startups. This partnership aims to enhance Allison’s innovation in propulsion solutions and provide access to emerging technologies in connectivity, autonomy, and electrification. The collaboration will support Allison's strategy to diversify its portfolio and remain competitive in the rapidly evolving commercial vehicle industry, leveraging Autotech's expertise in tech scouting and market intelligence.
Allison Transmission has achieved a significant milestone by delivering its 2 millionth 1000/2000 Series transmission to Penske Truck Leasing. This delivery showcases Allison's commitment to producing reliable and durable transmission solutions for light and medium-duty vehicles since the product line's introduction in 1998. The 1000/2000 Series remains an industry benchmark, utilized across various essential services, including ambulances and delivery trucks. The milestone was celebrated during an event at Allison's Indianapolis headquarters, enhancing its partnership with Penske.
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Allison Transmission has been selected by the Israeli Ministry of Defense to provide the 4800 Specialty Series™ fully automatic transmissions for Israel's Eitan Armored Fighting Vehicle (AFV). This model will replace aging M113 personnel carriers. The initial production order was received in September 2021, with deliveries ongoing for several years. The 4800 SP also serves various 8 x 8 wheeled armored combat vehicles worldwide. This selection underscores the innovation of the Israeli Defense Force and Allison’s commitment to advanced vehicle propulsion solutions.
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