Allison Transmission (NYSE:ALSN) Stock, Quote.Headers.trade-ideas

Allison Transmission

Allison Transmission is the largest manufacturer of fully automatic transmissions for commercial vehicles. The company's automatic transmissions allow customers to achieve better fuel and operator efficiency than less expensive manual and automated manual transmissions. Allison serves several end markets, including on- and off-highway equipment and military vehicles. Its on-highway business has about 60% global market share. The company's transmissions can be found in Class 4-8 trucks, buses, and a limited number of large passenger vehicles (heavy-duty pickup trucks and motor homes). Allison also produces electric hybrid propulsion systems and is developing e-powertrains.

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Allison Collaborates With BAE Systems to Supply 4040 MX

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Allison Transmission Holdings, Inc. Common Stock

Allison Transmission Holdings Inc

<a href="https://www.allisontransmission.com/en-gb/company/news-article/2024/09/19/allison-transmission-expands-its-footprint-in-vietnam-with-new-dealership-agreement-with-mifu-joint-stock-company">https://www.allisontransmission.com/en-gb/company/news-article/2024/09/19/allison-transmission-expands-its-footprint-in-vietnam-with-new-dealership-agreement-with-mifu-joint-stock-company</a>
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Allison Transmission, a global leader in manufacturing conventional, electric hybrid and fully electric vehicle propulsion solutions and the largest producer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, is pleased to announce the appointment of MIFU Joint Stock Company as an Allison Authorized Dealer in Vietnam. This partnership reflects Allison's commitment to strengthening its presence in the Southeast Asian market and delivering exceptional service to its customers in the region.
MIFU, established in 2019, has quickly become a trusted name in the supply of machinery, equipment and services for the transportation and port industries in Vietnam. As part of this new dealership agreement, MIFU will focus on port tractors at seaports across the country, providing overhaul maintenance and original spare parts for Allison's 1000–4000 Series transmissions. Allison 3000 Series&#x2122; in particular will be a key highlight of this partnership, catering to the specific needs of Vietnam's port industry.
Vietnam has launched an ambitious plan to modernize its seaport system, aiming to increase cargo capacity to 1.42 billion tons annually by 2030 and position itself as a major shipping hub in Southeast Asia. Amid this growth, MIFU, a leading provider of port equipment in Vietnam, is well-placed in the expanding market. As the distributor of Terberg yard trucks, which hold a 70% market share in the country, MIFU supplies tractors equipped with Cummins engines and Allison 3000 Series automatic transmissions, known for their durability, reliability and low maintenance needs, crucial advantages for the rigorous demands of 24/7 port operations.

Global

Reported September 18, 2024: Allison Transmission Expands Its Footprint In Vietnam With New Dealership Agreement With MIFU Joint Stock Company

Allison Transmission Enters Strategic Partnership With LiuGong; Sign Memorandum Of Understanding In Balikpapan, Indonesia

Allison Transmission's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) short percent of float has fallen 18.97% since its last report. The company recently reported that it has 1.26 million shares sold short, which is 1.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Allison Transmission Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725544823_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Allison Transmission has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Allison Transmission's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Allison Transmission's peer group average for short interest as a percentage of float is 5.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

(ALSN) - Analyzing Allison Transmission's Short Interest

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) has outperformed the market over the past 5 years by 2.08% on an annualized basis producing an average annual return of 16.1%. Currently, Allison Transmission has a market capitalization of $7.95 billion. 
Buying $1000 In ALSN: If an investor had bought $1000 of ALSN stock 5 years ago, it would be worth $2,109.55 today based on a price of $91.22 for ALSN at the time of writing.
<h3>Allison Transmission's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725031875_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,100 Today

GLS Germany covers 30,000 kilometers delivering 100,000 packages with an Allison-equipped Hyundai Xcient hydrogen fuel cell truck.
INDIANAPOLIS, Aug. 27, 2024 &nbsp;/PRNewswire/ -- Allison Transmission is pleased to announce that GLS, a global shipping leader, has successfully completed 30,000 kilometers in its evaluation of the Allison-equipped Hyundai Xcient hydrogen fuel cell truck in Germany. Since late 2023, GLS Germany has delivered over 100,000 packages with the Hyundai Xcient Fuel Cell 6x2 truck equipped with an Allison 4000 Series&#x2122; fully automatic transmission in the greater Cologne area. Additionally, since March 2024, the truck has been used for long-distance trips between Cologne and Mannheim. For the Europe-wide parcel service, this hydrogen truck trial is a further step in the testing of environmentally friendly propulsion technologies in everyday logistics.

German Parcel Service GLS, Successfully Deploys Allison Transmission-Equipped Hyundai Hydrogen Fuel Cell Truck

Allison Transmission's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) short percent of float has fallen 18.68% since its last report. The company recently reported that it has 1.41 million shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Allison Transmission Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723142714_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Allison Transmission has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Allison Transmission's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Allison Transmission's peer group average for short interest as a percentage of float is 5.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Allison Transmission's Recent Short Interest

<a href="https://www.allisontransmission.com/en-gb/company/news-article/2024/08/05/australian-businesses-invest-in-fully-automatic-fleets-to-address-driver-shortages-and-achieve-high-level-precision" title="https://www.allisontransmission.com/en-gb/company/news-article/2024/08/05/australian-businesses-invest-in-fully-automatic-fleets-to-address-driver-shortages-and-achieve-high-level-precision">https://www.allisontransmission.com/en-gb/company/news-article/2024/08/05/australian-businesses-invest-in-fully-automatic-fleets-to-address-driver-shortages-and-achieve-high-level-precision</a>

'Australian Businesses Invest In Fully Automatic Fleets To Address Driver Shortages And Achieve High-Level Precision'

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) has outperformed the market over the past 5 years by 1.48% on an annualized basis producing an average annual return of 15.3%. Currently, Allison Transmission has a market capitalization of $7.69 billion. 
Buying $1000 In ALSN: If an investor had bought $1000 of ALSN stock 5 years ago, it would be worth $2,043.16 today based on a price of $88.22 for ALSN at the time of writing.
<h3>Allison Transmission's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722436393_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,000 Today

Throughout the last three months, 4 analysts have evaluated Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>), offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $81.75, a high estimate of $90.00, and a low estimate of $72.00. This upward trend is evident, with the current average reflecting a 9.0% increase from the previous average price target of $75.00.
<img src="https://www.benzinga.com/files/images/story/2024/1722279683_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Allison Transmission by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$72.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$85.00</td>
<td>-</td>
</tr>
<tr>
<td>Kyle Menges</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Neutral</td>
<td>$80.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Allison Transmission. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Allison Transmission compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Allison Transmission's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Allison Transmission's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALSN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allison Transmission analyst ratings.</a>
<h2>Discovering Allison Transmission: A Closer Look</h2>
Allison Transmission is the largest manufacturer of fully automatic transmissions for commercial vehicles. The company's automatic transmissions allow customers to achieve better fuel and operator efficiency than less expensive manual and automated manual transmissions. Allison serves several end markets, including on- and off-highway equipment and military vehicles. Its on-highway business has about 60% global market share. The company's transmissions can be found in Class 4-8 trucks, buses, and a limited number of large passenger vehicles (heavy-duty pickup trucks and motor homes). Allison also produces electric hybrid propulsion systems and is developing e-powertrains.
<h3>Financial Milestones: Allison Transmission's Journey</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Allison Transmission's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 3.42%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Allison Transmission's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.92% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Allison Transmission's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 13.23%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Allison Transmission's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.66%, the company showcases efficient use of assets and strong financial health.
Debt Management: Allison Transmission's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.62, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Allison Transmission

Goldman Sachs analyst Jerry Revich maintains Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Sell and raises the price target from $63 to $72.

Price Target

Goldman Sachs Maintains Sell on Allison Transmission, Raises Price Target to $72

Baird analyst Luke Junk maintains Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Neutral and raises the price target from $87 to $90.

Baird Maintains Neutral on Allison Transmission, Raises Price Target to $90

Guidance

Allison Transmission Sees 2024 Net Sales $3.09B-$3.17B vs $3.13B Est.

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) reported quarterly earnings of $2.13 per share which met the analyst consensus estimate. The company reported quarterly sales of $816.000 million which beat the analyst consensus estimate of $799.481 million by 2.07 percent. This is a 4.21 percent increase over sales of $783.000 million the same period last year.

Earnings Beats

Earnings Misses

Allison Transmission Q2 2024 GAAP EPS $2.13, Inline, Sales $816.000M Beat $799.481M Estimate

Allison Transmission Partners With Cummins To Test New X15N Natural Gas Engine Paired With Allison 4000 Series Transmission; Sandman Fleet Reports Significant Fuel Efficiency And Performance Improvements After 50,000 Miles Of Testing

Allison Transmission has formed a new strategic partnership with Lingong Heavy Machinery Co. Ltd. (LGMG), a prominent Chinese mining equipment manufacturer, to provide industry-leading mining vehicles to customers across the globe. As a next step in the companies' long-term partnership, LGMG has integrated Allison 6625 Wide Body Dump Series&#x2122; (WBD) transmissions into 136T wide body mining dump trucks, which will be delivered to international customers for hauling overburden and ore in mine sites. Allison's latest collaboration with LGMG marks the first time that the company has integrated an Allison fully automatic transmission into the larger 136T crossover vehicle, which has been fielded for trials in Chile, China, Indonesia and Vietnam.

Allison And Lingong Heavy Machinery Co. Ltd., A Chinese Mining Equipment Manufacturer, Form Strategic Partnership To Expand Global Mining Presence

Allison Transmission Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NYSE">ALSN</a>) has signed a contract with BAE Systems Hagglunds (OTC: <a class="ticker" href="https://www.benzinga.com/stock/baesf#OTC">BAESF</a>), a prominent European producer of tracked combat vehicles, to supply the new Allison 4040 MX propulsion system for the ongoing CV90 Infantry Fighting Vehicle (IFV) programs, with production expected to commence in 2028. The 4040 MX, an upgraded version of the 3040 MX cross-drive transmission used in the U.S. Army&#39;s M10 Booker Combat Vehicle, expands Allison&#39;s medium-weight product line.
This agreement continues a longstanding collaboration between BAE Systems and Allison, presenting an opportunity for growth in ALSN&#39;s Defense market, potentially generating $100 million in additional annual revenues from various programs. BAE Systems&#39; BvS10 and Beowulf tracked vehicles are already equipped with Allison 3000 Specialty Series transmissions.
The 4040 MX will be used in ongoing CV90 programs, including the CV90 Mk IV IFV, and the agreement ensures long-term support for the existing CV90 fleet equipped with Allison X300 transmissions. Currently, nearly 1,000 CV90s are operated by countries, including Sweden, Denmark, Estonia, Finland, the Netherlands, Norway and Switzerland.
BAE Systems and the CV90 have also secured significant IFV contracts in Slovakia and the Czech Republic for about 400 new vehicles. The CV90 IFV, designed and manufactured in Sweden, is renowned for its protection of crew and passengers, accommodating a crew of three and up to eight soldiers.
Per Dana Pittard, vice president of Defense Programs at Allison, the introduction of the 4040 MX enriches ALSN&#39;s portfolio, facilitating international expansion with innovative solutions tailored to customer needs.
In a separate development, ALSN has supplied more than 10,000 fully automatic transmissions for the Hyundai Mighty since its 2020 integration. Currently, half of all Hyundai Mightys sold are equipped with Allison fully automatic transmissions, representing a significant increase from 10% four years ago. The 10,000th Mighty truck with an Allison fully automatic transmission was delivered to Unchang Logitec, a leading Korean logistics company.
The Hyundai Mighty, a 2.5- and 3.5-ton light-duty truck, dominates the South Korean market. The rising demand for Mighty automatic trucks is driven by their comfort, fuel efficiency, reliability, serviceability and productivity. Since its launch, Allison has delivered more than 10,000 units of the Allison 1000 xFE fully automatic transmissions for the Hyundai Mighty, used in various applications, such as delivery trucks, cargo trucks, refuse vehicles, firefighting trucks and specialty vehicles.
The Allison 1000 xFE transmission offers better launch performance, higher productivity, smoother shifting, easier operation and enhanced driver comfort compared to manual and automated manual transmissions. Its patented torque converter enhances performance and eliminates the need for clutch replacements, resulting in higher economic value through increased productivity and reduced downtime.
<h3>Zacks Rank &amp; Other Key Picks</h3>
ALSN currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the auto space are Suzuki Motor Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmy#OTC">SZKMY</a>), Honda Motor Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>) and American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for SZKMY&#39;s 2025 earnings suggests year-over-year growth of 2.09%. EPS estimates for 2025 and 2026 have improved 38 cents and 15 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for HMC&#39;s 2025 sales and earnings suggests year-over-year growth of 0.73%. EPS estimates for 2025 have improved 9 cents in the past 60 days.
The Zacks Consensus Estimate for AXL&#39;s 2024 sales and earnings suggests year-over-year growth of 3.05% and 544.44%, respectively. EPS estimates for 2024 have moved up 2 cents in the past 60 days. The same for 2025 has moved up 5 cents in the past 30 days.
<a href="https://www.zacks.com/stock/news/2304610/allison-alsn-collaborates-with-bae-systems-to-supply-4040-mx?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2304610">To read this article on Zacks.com click here.</a>

New Allison 4040 MX&#x2122; cross-drive transmission to equip the CV90 Mk IV infantry fighting vehicle.
INDIANAPOLIS, July 17, 2024 /PRNewswire/ -- Allison Transmission has signed a contract with&nbsp;BAE Systems Hägglunds, one of Europe's most successful producers of tracked combat vehicles, to provide the new Allison 4040 MX&#x2122; propulsion solution for ongoing CV90 Infantry Fighting Vehicle (IFV) 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&#x2122; 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 Hägglunds 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.&nbsp; Both BAE Systems' BvS10 and Beowulf tracked vehicles are equipped with the Allison 3000 Specialty Series&#x2122; transmissions.&nbsp;

Allison Transmission Partners With BAE Systems To Deliver Next-Gen Transmission For Future CV90 Programs; Says Relationship Between BAE Systems Hägglunds And Allison And Represents An Opportunity For Continued Growth In Allison's Defense End Market Above The Many Programs Expected To Drive $100M Of Incremental Annual Revenue

Market Share Rises From 10% To 50% In Four Years; 10,000th Mighty Truck Delivered To Unchang Logitec, Leading Logistics Company For South Korea's Largest Laundry Service Provider

Allison Transmission Sees Significant Growth With Hyundai Mighty Light-Duty Truck In South Korea; Over 10,000 Allison-Equipped Hyundai Mighty Vehicles Sold Since 2020 Integration

WIIM

Allison Transmission shares are trading higher after Raymond James initiated coverage on the stock with an Outperform rating and an $85 price target.

Raymond James analyst Tim Thein initiates coverage on Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Outperform rating and announces Price Target of $85.

Initiation

Raymond James Initiates Coverage On Allison Transmission with Outperform Rating, Announces Price Target of $85

J.P. Morgan analyst Tami Zakaria maintained a Hold rating on Allison Transmission Holdings (ALSN – Research Report) on July 26 and set a price targ...

J.P. Morgan Keeps Their Hold Rating on Allison Transmission Holdings (ALSN)

Morgan Stanley analyst Angel Castillo maintained a Hold rating on Allison Transmission Holdings (ALSN – Research Report) today and set a price targ...

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Allison Transmission (ALSN) Forecast

Allison Transmission (NYSE:ALSN) Stock, Quote.Headers.trade-ideas