Allison Transmission is providing powertrain solutions for the US Army’s newest tactical wheeled vehicle program

INDIANAPOLIS–(BUSINESS WIRE). CTT has the potential to launch more than 7,000 new vehicles once full-scale production begins, representing over $150 million in revenue for Allison’s defense end market.

The US Army has proposed replacing most variants in its fleet of heavy wheeled tactical vehicles with a single platform sharing a common powertrain, chassis and cab. The CTT program will leverage advances in the commercial vehicle industry including driver safety systems, off-road mobility, predictive maintenance and increased fuel efficiency. The testing of prototype vehicles will begin at the end of 2023, and an award decision will be made as early as 2025.

“Our mission is clear – to improve the way the world works with the most reliable, innovative and efficient power solutions that deliver the performance, quality and differentiated value proposition that our customers have come to expect from Allison,” said Dana Pittard, vice president, defense programs at Allison Transmission.

Allison will support the CTT program’s fuel efficiency goals by integrating powertrain systems equipped with FuelSense 2.0®, an advanced set of software and electronic controls that enable fuel savings of up to 6% without sacrificing performance.

Beyond innovative powertrain products, Allison is ready to support our customers and CTT’s project development milestones through the state-of-the-art infrastructure available at the Vehicle Electrification and Environmental Test Center (VE+ET), a 60,000 square foot facility at Allison global headquarters in Indianapolis. The venue offers a wide range of non-seasonal vehicle-level testing capabilities applicable to conventional, alternative fuel, electric-hybrid, electric and hydrogen fuel cell vehicles.

The US Army’s recently released climate strategy includes a goal to transition to hybrid-powered tactical vehicles by 2035. Allison has been investing in hybrid electric propulsion systems for decades, and as a result, the company is well positioned to support the U.S. defense market’s transition to electric vehicle technology.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of powertrain solutions for commercial and defense vehicles, and the world’s largest manufacturer of fully automatic medium- and heavy-duty transmissions Improve the way the world works. Allison products are used in a wide variety of applications including highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), RVs, off-highway vehicles and equipment (energy, mining and construction applications), and defense vehicles (tactical wheeled and tracked vehicles). 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 US, Hungary and India, and global engineering resources including electrification engineering centers in Indianapolis, Indiana and Auburn Hills, Michigan and London in the UK. Allison also has more than 1,400 independent sales and dealer locations worldwide. Visit allisontransmission.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements. All statements in this press release other than statements of historical fact are forward-looking statements, including any statements regarding future financial results. In some cases, you can identify forward-looking statements by using words such as “may”, “will”, “should”, “expect”, “plan”, “project”, “anticipate”, “believe”, “estimate”, “predict” , “intend”, “anticipate”, “could”, “potential”, “continue” or the negative of these terms or other similar words or expressions. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors that could cause actual results to differ materially from those anticipated at the time the forward-looking statements are made include, among others: the duration and spread of the COVID-19 pandemic, including new variants of the virus and the pace and availability of vaccines and booster shots, the mitigation efforts being made by government agencies and the general public, and the overall impact of such an outbreak on economic conditions, financial market volatility and our business, including but not limited to the operation of our manufacturing and other facilities, availability workforce, our supply chain, distribution processes and demand for our products and the related impact on our net sales and cash flows; cost increases, supply disruptions or shortages of labour, freight, raw materials or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of the COVID-19 pandemic; our involvement in competitive markets; our ability to prepare for, respond to and successfully achieve our objectives related to technology and market developments, competitive threats and changing customer needs, including with respect to hybrid electric and fully electric commercial vehicles; the highly cyclical industries in which some of our end users operate; uncertainty in the global regulatory and business environment in which we operate; the concentration of our net sales with our five largest customers and the loss of one of those customers; the failure of markets outside of North America to increase acceptance of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; US and foreign defense spending; risks related to our international operations, including increased trade protectionism; general economic and industry conditions; the discovery of defects in our products that result in delays in new model launches, product recalls and/or increased warranty costs and a decrease in future sales or damage to our brand and reputation; our ability to identify, complete and effectively integrate acquisitions and collaborations; labor strikes, walkouts or similar industrial disputes that could materially disrupt our operations or those of our key customers or suppliers; risks related to our indebtedness; and other risks and uncertainties related to our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we cannot guarantee that expectations will be achieved or that deviations 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 statements to conform the statements to actual results or changes in expectations.

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