Allison Transmission Partners with Key Polish Defense Industry Leaders

Rhea-AI Summary

Allison Transmission signs MOU with Grupa Zbrojeniowa to strengthen their competitive position in the international defense market.

Positive

• Partnership with Grupa Zbrojeniowa will expand product portfolio and supplier network in Europe.
• Allison Transmission to provide tracked vehicle transmission service and repair in Poland.

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• None.

Allison’s cooperation with Polska Grupa Zbrojeniowa will strengthen the competitive position of both companies in the international defense market.

INDIANAPOLIS--(BUSINESS WIRE)-- Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, has signed a memorandum of understanding (MOU) with Grupa Zbrojeniowa (PGZ), a holding group uniting Polish state-owned defense industry companies and one of the largest defense companies in Europe. The two defense leaders will partner to expand their product portfolio and bolster Allison’s supplier network and service capabilities in Europe and beyond.

Sebastian Chwalek, President of the Management Board, PGZ (pictured left) and Dana Pittard, Vice President of Defense Programs, Allison Transmission sign a memorandum of understanding at the International Defence Industry Exhibition (MSPO) in Poland bolstering Allison’s supplier network and service capabilities in Europe and beyond. (Photo: Business Wire)

“We are constantly building our strategic alliances to boost the development of the defense sector as part of the Polish Armed Forces Technical Modernization Plan,” said Sebastian Chwalek, PGZ CEO. “We welcome this opportunity to partner with Allison Transmission, a well-known provider of propulsion solutions that have a proven reputation on the battlefield.”

The MOU includes Allison Transmission partnering with PGZ to provide tracked vehicle transmission service and repair in Poland. The MOU also includes cooperation between PGZ and Allison on tracked vehicle programs. Poland is procuring thousands of fighting vehicles in response to the deteriorating regional security situation and a commitment to a strong defense. Allison Transmission is the provider of propulsion systems for the Abrams tank, K9 and Krab Howitzers. Poland has contracted to purchase several hundred Abrams tanks, hundreds of Howitzers, and PGZ has recently been awarded a contract for over 1,000 Borsuk vehicles.

“Allison Transmission is proud to support PGZ and its subordinate companies in the development of world class vehicle platforms such as the Krab Self-propelled Howitzer and multiple wheeled defense models as well as providing sustainment of our products in Poland,” said Dana Pittard, Vice President of Defense Programs, Allison Transmission.

PGZ brings together more than 50 companies, including Wojskowe Zakłady Motoryzacyjne (WZM) who will be added to Allison’s network of Authorized Dealer and Distributors to service tracked vehicles as a complement to Tezana, who services transmissions for wheeled vehicles in Poland.

To learn more about Allison Defense, visit https://allisontransmission.com/transmissions/vocational-applications/defense.

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.

About PGZ

Polska Grupa Zbrojeniowa is a capital group concentrating several dozen production plants, service facilities and research centres crucial for the Polish defence industry.

PGZ manufactures innovative systems and solutions used by the Armed Forces of the Republic of Poland and allied formations. The Group’s offer encompasses: modern radiolocation and radar systems, rifles and optoelectronics, wheeled armoured transporters, barrel artillery, unmanned air systems and systems supporting battlefield management. Our products are based on the Polish technological inventions and cooperation with global leaders in the defence sector. They are developed and produced under the supervision of experienced engineers, constructors and specialists.

Polska Grupa Zbrojeniowa is the main industrial partner in the Technical Modernisation Programme of the Armed Forces of the Republic of Poland run by the Polish Ministry of National Defence. We cooperate with the largest enterprises in the global armaments sector and participate in the acquisition of numerous systems, including medium range air defense systems for Polish Armed Forces. Thus obtained technologies and competences are utilised to further increase the potential of PGZ.

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 source version on businesswire.com: https://www.businesswire.com/news/home/20231002736031/en/

Claire Gregory

Director, Global External Communications

Claire.Gregory@allisontransmission.com

317-694-2065

Source: Allison Transmission