Allison Transmission Partners with American Rheinmetall Vehicles to Produce the Propulsion System for Lynx OMFV Offering
Allison’s newest electric hybrid cross-drive transmission is selected by American Rheinmetall Vehicles for the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV) competition.
INDIANAPOLIS, February 16, 2021 – Allison Transmission, a leading designer and manufacturer of vehicle propulsion solutions for tactical wheeled and tracked defense platforms and a leader in commercial-duty electrified propulsion
systems is proud to announce a strategic partnership with American Rheinmetall Vehicles (ARV) to provide the Next-Generation Electrified Transmission (NGET) propulsion system for the Lynx vehicle that is in competition to be selected for the U.S.
Army’s Optionally Manned Fighting Vehicle (OMFV) program.
The OMFV program is the priority ground modernization program for the U.S. Army that will replace nearly 3,800 Bradley Infantry Fighting Vehicles. The program begins with digital design phases that continue through early 2023, followed by development
of prototype vehicles in 2024, and government testing beginning in early 2026.
Allison Transmission joins American Rheinmetall Vehicles’ Team Lynx, which thus far includes Raytheon Technologies and Textron Systems. “Our Lynx teammates are leaders across the defense industry known worldwide for innovative thinking,
state-of-the-art manufacturing, and self-investing today to meet tomorrow’s requirements” said Dana Pittard, Vice President for Defense Programs at Allison Transmission. “The Lynx is not a 30-year-old platform being re-purposed.
The Team Lynx OMFV solution is a bold design that will be produced in America by a formidable team.”
The NGET is the newest product in Allison’s extensive armored vehicle portfolio, meeting requirements across a wide spectrum of applications including the heavy Infantry Fighting Vehicle and future Main Battle Tank markets.
“Some of the design features include an electric hybrid architecture that will offer the warfighter the benefits of reduced detection by the enemy and increase soldier survivability. It also provides exportable power provisions for on- and
off-board systems. Additionally, the autonomy-enabled NGET will provide superior performance and have the ability to meet future increases in vehicle requirements while delivering the proven reliability of an Allison Transmission” said Ken Adgie,
Director for U.S. Government Defense Business at Allison Transmission.
“The Lynx Infantry Fighting Vehicle was selected in Hungary. Australia chose the Lynx vehicle over offerings from other renowned competitors. The Lynx is now undergoing
rigorous testing as part of risk mitigation activities and we are confident that it will succeed. For the U.S. OMFV program, we are building upon that winning design with advanced technologies like the Allison electric hybrid transmission. These technologies
make our OMFV offering a next-generation solution that provides Soldiers a decisive overmatch on the battlefield now and for decades to come,” said Matt Warnick, American Rheinmetall Vehicles Managing Director.
Feb 16, 2021
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in electric hybrid-propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA and employs approximately 2,900 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with 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 the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation 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 statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.