As a public company, we are responsible for driving our business forward to the benefit of all our stakeholders and providing our stockholders with a return on their investment commensurate with our valuation as a premier industrial company. This will only be accomplished by our continued focus on quality, reliability, durability, vocational value and customer service.
While our constant desire to improve will change some of the things we do as a company, we will always continue to exercise ethical business practices, maintain a respect for the individual and run our business in ways that earn us the trust of those whom we encounter.
Throughout our history, we have been a wellspring of innovation, creativity and technological advances. And I am proud to say, Allison Transmission plans to continue its heritage of leadership in the markets we serve and in the communities where we live and work.
The efforts of our international operations continue to focus on expanding our market share outside of North America and we are pleased with the acceptance we are receiving. To that end, our market share continues to grow and our global footprint continues to expand. We have a number of promising new products in our research and development pipeline and new product production launches are drawing closer.
Our people have never shied away from hard work or difficult tasks. We continue to believe that our products, services and the value they add to our customers' businesses remain the fundamental elements of our continued success.
Lawrence E. Dewey
Chairman, President and Chief Executive Officer