tiprankstipranks
The Fly

Allison Transmission signs contract with BAE Systems

Allison Transmission signs contract with BAE Systems

Allison Transmission has signed a contract with BAE Systems Hagglunds, 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 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 Hagglunds 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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com