STOCK TITAN

Allison Transmission Expands Market Share of Wheeled Defense Vehicles Outside North America

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Allison Transmission reports significant expansion in global Defense market share through multiple program wins for wheeled defense vehicles outside North America. The company secured contracts for its Specialty Series™ (SP) transmission with several defense programs including: Canadian Department of National Defence's Mercedes-Benz Zetros vehicles, British Ministry of Defence's Boxer armored vehicle program, German Federal Armed Forces' Boxer vehicles, Polish Bóbr-3 Light Armored Reconnaissance Carriers, and Romanian MoD's defense logistic platforms. Production and deliveries for various programs are scheduled to begin in 2025, with some contracts extending to 2035.

Allison Transmission riporta una significativa espansione della sua quota di mercato globale nel settore della difesa grazie a numerosi successi in programmi per veicoli da difesa a ruote al di fuori del Nord America. L'azienda ha ottenuto contratti per la sua Specialty Series™ (SP) transmission con diversi programmi di difesa tra cui: i veicoli Mercedes-Benz Zetros del Dipartimento della Difesa Nazionale canadese, il programma di veicoli corazzati Boxer del Ministero della Difesa britannico, i veicoli Boxer delle Forze Armate Federali tedesche, i Carrier di Ricognizione Leggeri Bóbr-3 polacchi e le piattaforme logistiche di difesa del Ministero della Difesa romeno. La produzione e le consegne per vari programmi sono programmate per iniziare nel 2025, con alcuni contratti in estensione fino al 2035.

Allison Transmission reporta una expansión significativa en su participación en el mercado global de defensa a través de múltiples victorias en programas para vehículos de defensa sobre ruedas fuera de América del Norte. La compañía aseguró contratos para su Specialty Series™ (SP) transmission con varios programas de defensa, incluyendo: los vehículos Mercedes-Benz Zetros del Departamento de Defensa Nacional canadiense, el programa de vehículos blindados Boxer del Ministerio de Defensa británico, los vehículos Boxer de las Fuerzas Armadas Federales alemanas, los vehículos de reconocimiento ligero Bóbr-3 polacos, y las plataformas logísticas de defensa del Ministerio de Defensa rumano. La producción y las entregas para varios programas están programadas para comenzar en 2025, con algunos contratos extendiéndose hasta 2035.

앨리슨 트랜스미션은 북미 외부의 바퀴가 있는 방위 차량 프로그램에서 여러 건의 계약을 통해 글로벌 방위 시장 점유율의 상당한 확장을 보고했습니다. 이 회사는 캐나다 국방부의 메르세데스-벤츠 제트로스 차량, 영국 국방부의 복서 장갑차 프로그램, 독일 연방군의 복서 차량, 폴란드의 경량 정찰 차량 보브르-3, 그리고 루마니아 국방부의 방위 물류 플랫폼과 같은 여러 방위 프로그램을 위해 Specialty Series™ (SP) transmission 계약을 체결했습니다. 다양한 프로그램의 생산 및 납품은 2025년에 시작될 예정이며, 일부 계약은 2035년까지 연장됩니다.

Allison Transmission fait état d'une expansion significative de sa part de marché dans le secteur de la défense au niveau mondial grâce à plusieurs gains de programmes pour des véhicules de défense à roues en dehors de l'Amérique du Nord. L'entreprise a sécurisé des contrats pour sa Specialty Series™ (SP) transmission avec plusieurs programmes de défense, y compris : les véhicules Mercedes-Benz Zetros du ministère canadien de la Défense nationale, le programme de véhicule blindé Boxer du ministère britannique de la Défense, les véhicules Boxer des forces armées fédérales allemandes, les véhicules de reconnaissance légers Bóbr-3 polonais et les plateformes logistiques de défense du ministère roumain de la Défense. La production et les livraisons pour divers programmes devraient commencer en 2025, certains contrats étant prolongés jusqu'en 2035.

Allison Transmission berichtet von einer signifikanten Expansion ihres globalen Marktanteils im Verteidigungssektor durch mehrere Programmgewinne für Räder-verteidigung Fahrzeuge außerhalb Nordamerikas. Das Unternehmen sicherte sich Verträge für seine Specialty Series™ (SP) transmission mit mehreren Verteidigungsprogrammen, darunter: die Mercedes-Benz Zetros Fahrzeuge des kanadischen Verteidigungsministeriums, das Boxer gepanzerte Fahrzeugprogramm des britischen Verteidigungsministeriums, die Boxer Fahrzeuge der deutschen Bundeswehr, die polnischen Bóbr-3 Leichten Aufklärungsträger und die Verteidigungslogistikplattformen des rumänischen Verteidigungsministeriums. Die Produktion und Auslieferungen für verschiedene Programme sind für 2025 geplant, wobei einige Verträge bis 2035 verlängert werden.

Positive
  • Secured multiple new defense contracts across Europe and Canada
  • Production for Canadian Department of National Defence contract starting 2025
  • Long-term contract with Poland's AMZ-Kutno spanning 2025-2035
  • Expanded market presence in key military markets including UK, Germany, Australia, Lithuania and Netherlands
  • Contract renewal with Iveco Defence Vehicles for Romanian MoD
Negative
  • None.

Insights

This expansion in global defense contracts represents a significant strategic win for Allison Transmission. The company has secured multiple high-value contracts with major defense forces including the UK, Canada, Germany and Poland, substantially diversifying its revenue streams beyond North America. The Logistics Vehicle Modernization project with Canada and the Boxer armored vehicle program with the UK are particularly noteworthy as they represent long-term, high-volume commitments.

The timing of these contracts (2025-2035) provides strong revenue visibility and strengthens Allison's position in the global defense market. The company's ability to leverage its commercial vehicle expertise into defense applications demonstrates effective market penetration strategy. The diversity of vehicle platforms - from light reconnaissance carriers to heavy logistics vehicles - indicates broad market acceptance of Allison's transmission technology.

The defense sector contracts represent a strategic market expansion that reduces Allison's dependence on the North American market while building recurring revenue streams. The multi-year nature of these contracts provides stable, predictable cash flows - particularly valuable in the current economic climate. The 700+ Boxer vehicles already delivered to various countries demonstrate strong market acceptance and potential for follow-on orders.

The geographic diversification across Europe and Asia-Pacific regions positions Allison well for future growth opportunities. These contracts typically include long-term maintenance and spare parts agreements, creating valuable aftermarket revenue streams. The company's success in securing contracts with multiple NATO members also suggests potential for additional military modernization programs.

INDIANAPOLIS, Oct. 23, 2024 /PRNewswire/ -- Allison Transmission has made significant strides in the global Defense market, achieving key program wins that will significantly expand Allison's installed base and revenue in the wheeled defense vehicle segment. Allison is experiencing continued growth in this vehicle segment as a result of strategic partnerships with vehicle manufacturers to support defense programs outside North America.

The Allison Specialty Series™ (SP) transmission has been selected for several wheeled defense vehicles. The Canadian Department of National Defence recently announced it will receive Mercedes-Benz Zetros four-axle 8x8 vehicles with the Allison 4500 SP automatic transmission in partnership with GDLS-Canada as part of the Logistics Vehicle Modernization (LVM) project. Production is slated to begin in 2025.

Over the past year, ARTEC, a consortium of KNDS company Kraus-Maffei-Wegmann and Rheinmetall, chose Allison's 4800 SP transmission for the British Ministry of Defence's Boxer armored vehicle program. Initial transmissions have been delivered in the U.K. for use in the 8x8 Boxer Mechanised Infantry Vehicle, part of a larger order for new Boxer vehicles intended for the British Army.

Additionally, the German Federal Armed Forces are set to receive Boxer vehicles, with deliveries starting in 2025. Over 700 Boxer vehicles have been delivered in recent years to countries including Australia, Germany, Lithuania and the Netherlands. The U.K. Ministry of Defence has also placed an order currently in production with Supacat for Allison 2500 SP transmissions for the Jackal High Mobility Truck Variants (HMT 400s), also known as Jackal 3.

In Poland, a contract with AMZ-Kutno has been signed to supply Bóbr-3 Light Armored Reconnaissance Carriers equipped with the Allison 3000 SP transmission as part of the Kleszcz program, with deliveries spanning 2025 to 2035. Furthermore, Iveco Defence Vehicles (IDV) has renewed its contract to provide the Romanian MoD with defense logistic platforms, including a variant based on the Astra 8x8 chassis equipped with the Allison 4700 SP transmission.

"Allison has the distinct advantage of leveraging our commercial vehicle experience and relationships as we grow our wheeled defense business," said Heidi Schutte, Vice President of EMEA, APAC and South America Sales, Allison Transmission. "With decades of proven reliability and durability, we offer a wide range of propulsion solutions that meet the diverse application requirements for tactical wheeled vehicles for the defense industry."

Learn how Allison optimizes wheeled defense vehicle performance at 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 vehicles (distribution, refuse, construction, agriculture, 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.

Allison Transmission Holdings Inc. Logo (PRNewsfoto/Allison Transmission Holdings Inc.)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-transmission-expands-market-share-of-wheeled-defense-vehicles-outside-north-america-302284741.html

SOURCE Allison Transmission Holdings Inc.

FAQ

What new defense contracts did Allison Transmission (ALSN) secure in 2024?

Allison secured contracts for SP transmissions with the Canadian Department of National Defence, British Ministry of Defence's Boxer program, German Federal Armed Forces, Polish Bóbr-3 carriers, and Romanian MoD's defense logistics platforms.

When will Allison Transmission (ALSN) begin production for the Canadian Defense contract?

Production for the Canadian Department of National Defence's Mercedes-Benz Zetros vehicles with Allison 4500 SP transmissions is scheduled to begin in 2025.

What is the duration of Allison Transmission's (ALSN) contract with Poland's AMZ-Kutno?

The contract with AMZ-Kutno for Bóbr-3 Light Armored Reconnaissance Carriers spans from 2025 to 2035.

ALLISON TRANSMISSION HOLDINGS, INC.

NYSE:ALSN

ALSN Rankings

ALSN Latest News

ALSN Stock Data

9.26B
87.14M
0.52%
100.7%
1.63%
Auto Parts
Motor Vehicle Parts & Accessories
Link
United States of America
Indianapolis