New Allison 4040 MX™ cross-drive
transmission to equip the CV90 Mk IV infantry fighting
vehicle.
INDIANAPOLIS, July 17,
2024 /PRNewswire/ -- Allison Transmission has signed
a contract with BAE Systems Hägglunds, one of Europe's most successful producers of tracked
combat vehicles, to provide the new Allison 4040 MX™
propulsion solution for ongoing CV90 Infantry Fighting Vehicle
(IFV) programs with production expected to begin in 2028. The 4040
MX extends Allison's medium weight offering in its cross-drive
product portfolio as an uprated variant of the proven 3040
MX™ cross-drive transmission found in the U.S. Army's
M10 Booker Combat Vehicle. This latest collaboration represents a
continuation of a longstanding relationship between BAE Systems
Hägglunds and Allison and represents an opportunity for continued
growth in Allison's Defense end market above the many programs
expected to drive $100 million of
incremental annual revenue. Both BAE Systems' BvS10 and
Beowulf tracked vehicles are equipped with the Allison 3000
Specialty Series™ transmissions.
"We are looking forward to further strengthening the cooperation
with Allison, after many years of close and valuable cooperation.
With this we further secure the CV90's position in the growing
global market and can offer current and future customers a
reliable, modern and proven driveline," said Tommy Gustafsson-Rask, Managing Director, BAE
Systems Hägglunds.
The 4040 MX will equip ongoing CV90 programs including the
CV90Mk IV IFV. The agreement also assures long term support to the
existing Allison X300-equipped CV90 fleet. Nearly 1,000 CV90s are
currently operated by Sweden,
Denmark, Estonia, Finland, the
Netherlands, Norway and
Switzerland. BAE Systems Hägglunds
and the CV90 recently won important IFV contracts in Slovakia and Czech
Republic for approximately 400 new vehicles.
Designed and manufactured in Sweden, the CV90 IFV is widely renowned for
its crew and passenger protection. With a capacity to accommodate a
crew of three and up to eight soldiers, the CV90 offers
unparalleled protection not available in any other IFV.
"Allison Transmission is proud to support BAE Systems Hägglunds,
their incredibly talented workforce and leadership and their
impressive vehicles," said Dana
Pittard, Vice President of Defense Programs, Allison
Transmission. "We are excited to deliver a new product uniquely
designed for the CV90 Mk IV vehicle and the numerous nations who
trust this vehicle to execute their toughest missions. The
introduction of the 4040 MX enhances Allison's portfolio, opening
new avenues for international expansion by offering innovative
solutions tailored to the evolving needs of our customers."
To learn more about Allison defense solutions, visit
allisontransmission.com.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and
manufacturer of propulsion solutions for commercial and defense
vehicles and the largest global manufacturer of medium- and
heavy-duty fully automatic transmissions that Improve the Way
the World Works. Allison products are used in a wide variety of
applications, including on-highway trucks (distribution, refuse,
construction, fire and emergency), buses (school, transit and
coach), motorhomes, off-highway vehicles and equipment (energy,
mining and construction applications) and defense vehicles
(tactical wheeled and tracked). Founded in 1915, the company is
headquartered in Indianapolis,
Indiana, USA. With a presence in more than 150 countries,
Allison has regional headquarters in the
Netherlands, China and
Brazil, manufacturing facilities
in the USA, Hungary and India, as well as global engineering
resources, including electrification engineering centers in
Indianapolis, Indiana,
Auburn Hills, Michigan and
London in the United Kingdom. Allison also has approximately
1,600 independent distributor and dealer locations worldwide. For
more information, visit allisontransmission.com.
Forward-Looking Statements
This press release contains forward-looking statements. The
words "believe," "expect," "anticipate," "intend," "estimate" and
other expressions that are predictions of or indicate future events
and trends and that do not relate to historical matters identify
forward-looking statements. You should not place undue reliance on
these forward-looking statements. Although forward-looking
statements reflect management's good faith beliefs, reliance should
not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors, which may
cause actual results, performance or achievements to differ
materially from anticipated future results, performance or
achievements expressed or implied by such forward-looking
statements. Forward-looking statements speak only as of the date
the statements are made. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events, changed circumstances or
otherwise. These forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to: our
participation in markets that are competitive; our ability to
prepare for, respond to and successfully achieve our objectives
relating to technological and market developments, competitive
threats and changing customer needs, including with respect to
electric hybrid and fully electric commercial vehicles; increases
in cost, disruption of supply or shortage of labor, freight, raw
materials, energy or components used to manufacture or transport
our products or those of our customers or suppliers, including as a
result of geopolitical risks, wars and pandemics; global economic
volatility; general economic and industry conditions, including the
risk of recession; labor strikes, work stoppages or similar labor
disputes, which could significantly disrupt our operations or those
of our principal customers or suppliers; the duration and spread of
the COVID-19 pandemic, including new variants of the virus and the
pace and availability of vaccines and boosters, mitigating efforts
deployed by government agencies and the public at large, and the
overall impact from such outbreak on economic conditions, financial
market volatility and our business, including but not limited to
the operations of our manufacturing and other facilities, the
availability of labor, our supply chain, our distribution processes
and demand for our products and the corresponding impacts to our
net sales and cash flow; the highly cyclical industries in which
certain of our end users operate; uncertainty in the global
regulatory and business environments in which we operate; the
concentration of our net sales in our top five customers and the
loss of any one of these; the failure of markets outside
North America to increase adoption
of fully automatic transmissions; the success of our research and
development efforts, the outcome of which is uncertain; U.S. and
foreign defense spending; risks associated with our international
operations, including acts of war and increased trade
protectionism; the discovery of defects in our products, resulting
in delays in new model launches, recall campaigns and/or increased
warranty costs and reduction in future sales or damage to our brand
and reputation; our ability to identify, consummate and effectively
integrate acquisitions and collaborations; risks related to our
indebtedness; and other risks and uncertainties associated with our
business described in our Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information is as of the date of this press release,
and we undertake no obligation to update any forward-looking
statement to conform the statement to actual results or changes in
expectations and risks related to our indebtedness.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/allison-transmission-partners-with-bae-systems-to-deliver-next-gen-transmission-for-future-cv90-programs-302199759.html
SOURCE Allison Transmission Holdings Inc.