Benzinga | Oct 6, 2021 07:29AM EDT

Allison Transmission Develops Electrification Technology For US Army Combat Vehicles

* Allison Transmission Holdings Inc (NYSE:ALSN) is developing an electrification technology for integration into the U.S. Army's ground combat vehicle fleet.

* The vehicle fleet includes tracked Infantry Fighting Vehicles and the Main Battle Tank.

* Allison Transmission said it is focused on powering the U.S. Army's Optionally Manned Fighting Vehicle (OMFV), a tracked vehicle program that could be the Army's largest vehicle procurement in over four decades, with a potential volume of nearly 4,000 vehicles.

* Allison will design, develop and validate a motor/generator and inverter system coupled to a tracked vehicle transmission.

* Price Action: ALSN shares closed higher by 0.31% at $36.01 on Tuesday.