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INDIANAPOLIS - Allison Transmission Holdings Inc. (NYSE: NYSE:ALSN), whose stock has surged nearly 90% over the past year and currently trades near its Fair Value according to InvestingPro analysis, has secured a phase two contract to continue supplying the Allison X1100-5A4 cross-drive transmission for the Turkish Armed Forces’ Next (LON:NXT) Generation T-155 Firtina 155 mm Self-Propelled Howitzer. This partnership, extending the collaboration with HST Otomotiv, Allison’s licensed manufacturer in Turkey, is expected to contribute an additional $100 million in annual revenue to Allison’s Defense end market, adding to its robust $3.2 billion in trailing twelve-month revenue.
The Allison X1100-5A4 transmission is designed for heavy tracked combat vehicles ranging from 45 to 63 tons, providing four forward and two reverse ranges. Its cross-drive design integrates steering and braking functions into a single unit, enhancing vehicle maneuverability and soldier protection in challenging terrains.
Following the successful delivery of 10 units to Turkey during phase one in 2024, the new contract will add 32 more transmissions, with deliveries slated to begin in the first quarter of 2026. In total, the Turkish Armed Forces anticipate the development of 140-160 Firtina Howitzers equipped with Allison’s transmissions. InvestingPro data shows the company maintains strong financial health with a current ratio of 2.83, indicating ample liquidity to support its operational expansion.
Dana Pittard, Vice President of Defense Programs at Allison Transmission, expressed pride in the ongoing partnership, emphasizing the transmission’s role in providing "reliable, durable propulsion solutions" for defense applications.
Allison Transmission, founded in 1915 and headquartered in Indianapolis, Indiana, is a prominent developer of propulsion solutions for both commercial and defense vehicles. The company’s products are utilized across various applications, including on-highway, off-highway, and defense vehicles. With a market capitalization of $9.9 billion, Allison maintains a global footprint with regional headquarters and manufacturing facilities spread across continents and a network of approximately 1,600 independent distributor and dealer locations. The company has demonstrated strong shareholder focus, maintaining dividend payments for 13 consecutive years with consistent growth. Discover more insights about ALSN and access comprehensive analysis through the Pro Research Report, available exclusively on InvestingPro.
The information in this article is based on a press release statement.
In other recent news, Allison Transmission, a global provider of commercial and defense vehicle propulsion solutions, has made significant strides in its operations. The company unveiled the 6000 Series™ transmission, specifically designed for wide body dump (WBD) trucks, at the recent Bauma CHINA 2024 tradeshow. The 6625 WBD model is engineered to support higher-tonnage WBD trucks and is aimed at improving operational efficiency and reducing the total cost of ownership for these vehicles.
In addition to this, Allison Transmission has secured an $80.6 million contract to supply transmissions for the Abrams Main Battle Tank program in 2025. The deal includes the delivery of new and upgraded X1100 cross-drive transmissions for tanks used by the U.S. Army and its Foreign Military Sales clients. Deliveries are expected throughout the 2025 program year.
These developments underscore Allison Transmission’s strategic growth initiative and its continued partnership with the U.S. Army and international allies. The company’s efforts to expand its product offerings and its market share in off-highway applications are evident in these recent advancements.
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