Allison Wins Multi-Million Dollar Contract to Equip 7,000 French Military Trucks
ALSN sits 55% above its 52-week low of $76.01.
Summary
Allison Transmission secured a multi-million dollar contract to supply its 4500 SP automatic transmissions for 7,000 next-generation tactical trucks for the French Land Forces. This long-term program, spanning over 10 years with initial deliveries starting in 2027, is a partnership with Daimler Truck and Arquus. The deal establishes a significant, stable revenue stream and reinforces Allison's leadership in the defense sector, highlighting the proven reliability of its propulsion solutions for critical military applications.
At the time of this announcement, ALSN was trading at $117.91 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $9.8B. The 52-week trading range was $76.01 to $137.62. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.