Allison Transmission lands German military order tied to 3K EAGLE V vehicles
Seeking Alpha ·
Allison Transmission ( ALSN ) announced on Wednesday that it will supply fully automatic transmissions for about 3K EAGLE V armored vehicles under a contract between General Dynamics ( GD )'s European Land Systems and the German Armed Forces.
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Allison Transmission has signed a contract to supply approximately 3,000 fully automatic transmissions for EAGLE V armored vehicles under an agreement between General Dynamics and the German Ministry of Defense. This order is expected to significantly contribute to stable revenue growth in the defense sector. Investors should pay attention to the company's increasing backlog in military equipment and profitability improvements.
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- Defense — Secured a contract to supply transmissions for 3,000 German military armored vehicles, which is expected to expand the defense sector order backlog and drive earnings growth.
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