Allison Transmission Hldgs Inc Stock Price, News & Analysis

Since its acquisition by Allison Transmission in 2019, Walker Die Casting has significantly upgraded its operations with a major investment aimed at expanding manufacturing capabilities and solutions. The facility, spanning approximately 800,000 ft², now includes advanced machinery, such as seven new machining centers and two large die cast machines. In 2020, Walker shipped over 40 million pounds of castings made from 100% recycled aluminum, serving leading OEMs across various industries. The company's innovative practices have solidified its reputation for delivering high-quality die castings.

Allison Transmission has partnered with GILLIG to introduce the eGen Flex electric hybrid propulsion system for heavy-duty transit buses starting in 2021. This system is designed to enhance fuel economy by up to 25% compared to conventional diesel buses while supporting electric operation for up to 10 miles. The eGen Flex aims to offer efficient public transport solutions with reduced emissions and lower maintenance costs. GILLIG's initial order for these buses comes from IndyGo, the Indianapolis Transportation Corporation. Since 2003, Allison has delivered over 9,000 electric hybrid systems globally.

The U.S. Army has chosen Allison Transmission to advance the engineering of the X1100-3B1 transmission for the Abrams tank, focusing on improving speed, cruising range, and durability. This initiative continues the ongoing enhancements made to the Abrams since its introduction in the 1980s and underscores the long-standing partnership between the Army and Allison. Dana Pittard, the VP for Defense Programs at Allison, emphasized the company's commitment to delivering reliable powertrain solutions that meet military needs. Allison Transmission is a leader in fully automatic transmissions for commercial and defense vehicles.

Allison Transmission Holdings (NYSE: ALSN) will announce its fourth quarter and full year 2020 financial results on February 18 at 8:00 a.m. ET. The call will be led by CEO David S. Graziosi and CFO G. Frederick Bohley. The financial results press release will be issued after market close on February 17. Interested parties can join the call using a dial-in number or via a live webcast. A replay of the call will be accessible from February 18 to February 25, using designated numbers.

Allison Transmission has been awarded the prestigious 2019 Master of Quality Award from Daimler Trucks of North America (DTNA) for the fourth time. This accolade acknowledges exceptional suppliers based on quality, delivery, technology, and cost performance. Ken Pyne from DTNA commended Allison for prioritizing quality, while Rohan Barua, VP of North America OEM Sales, highlighted their commitment to high standards. DTNA is a major customer for Allison, supplying leading heavy-duty truck brands like Freightliner and Western Star.

Allison Transmission announces the delivery of the autonomous NTR100A rigid dump truck, equipped with the Allison 8610 Off Road Series™ fully automatic transmission, enhancing driverless technology in China's mining sector. This truck features two control modes and is powered by a Cummins QST30 engine with 783kW output. With 20 units delivered to Conch Cement, the trucks aim to address driver shortages and improve operational safety. Allison's transmission technology promises durability, optimal performance, and better fuel efficiency for mining operations.

Allison Transmission Holdings, Inc. (NYSE: ALSN) announced the successful completion of a $1 billion offering of 3.750% Senior Notes due 2031. Proceeds will be used to redeem existing 5.000% Senior Notes due 2024, resulting in anticipated annual savings of approximately $12.5 million in interest expense. Additionally, the company's subsidiary amended its credit agreement, increasing the revolving credit facility from $600 million to $650 million, extending maturity to September 2025. These actions reflect Allison's commitment to prudent financial management.

Allison Transmission Holdings (NYSE: ALSN) announced a private placement of $1 billion in 3.750% Senior Notes due 2031, priced on November 9, 2020. The proceeds will be used to redeem $1 billion of 5.000% Senior Notes due 2024. The offering is expected to close around November 19, 2020, subject to usual conditions. The Notes are guaranteed by domestic subsidiaries under certain conditions but will not initially have guarantees from these subsidiaries. The offering is exempt from registration under the Securities Act of 1933.