Allison Transmission Delivers Cross-Drive Transmission To Turkish Armed Forces For Next Generation Tracked Defense Vehicle; Says Firtina Is One Of Many Growth Opportunities Expected To Drive $100M Of Incremental Annual Revenue In Allison's Defense End Market
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Allison Transmission has partnered with HST Otomotiv to deliver the X1100-5A4 cross-drive transmission for the Next Generation T-155 Firtina Howitzer for the Turkish Armed Forces, expecting to drive $100M of incremental annual revenue in its Defense end market. The initial delivery includes 10 transmissions, with full production scheduled for July 2024, aiming to deliver a total of 140 Firtina Howitzers. The X1100 Series transmission is designed for heavy tracked combat vehicles, offering enhanced maneuverability, fuel efficiency, and low maintenance.
April 18, 2024 | 12:45 pm
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Allison Transmission's partnership with HST Otomotiv for the delivery of the X1100-5A4 transmission for the Turkish Armed Forces' Firtina Howitzer is expected to significantly boost its Defense end market revenue by $100M annually.
The partnership with HST Otomotiv and the delivery of the X1100-5A4 transmission for the Firtina Howitzer represent a significant revenue opportunity for Allison Transmission. The expected $100M incremental annual revenue in the Defense end market is a substantial figure that could positively impact the company's financial performance. Given the scale of the deal and its potential to enhance Allison's position in the defense sector, this news is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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