Allison Transmission Develops Electrification Technology For US Army Combat Vehicles

Allison Transmission Holdings Inc ALSN is developing an electrification technology for integration into the U.S. Army's ground combat vehicle fleet.
The vehicle fleet includes tracked Infantry Fighting Vehicles and the Main Battle Tank.
Allison Transmission said it is focused on powering the U.S. Army's Optionally Manned Fighting Vehicle (OMFV), a tracked vehicle program that could be the Army's largest vehicle procurement in over four decades, with a potential volume of nearly 4,000 vehicles.
Allison will design, develop and validate a motor/generator and inverter system coupled to a tracked vehicle transmission.
Price Action: ALSN shares closed higher by 0.31% at $36.01 on Tuesday.