Allison supplies fully automatic transmissions for the Cheonmu, a next-generation multi-rocket launching vehicle developed by Doosan
SEOUL, South Korea – Allison Transmission is now supplying its fully automatic transmissions for the Cheonmu, a next-generation multi-rocket launching vehicle developed by Doosan DST for the Republic of Korea (ROK) armed forces.
Doosan has led development efforts, providing advanced national defence solutions within Korea since its founding in 1973. Allison entered the defence market during World War I, when it began developing aircraft engines for manufacture. Today, Allison supplies transmissions for both wheeled and tracked defence vehicles worldwide.
“Allison Transmission has consistently pursued product quality, durability and reliability, leading the way in development of advanced national defence technologies,” said Kyoung-mee Lee, managing director of Allison Transmission in Korea. “We will also offer full technical support for production of the Cheonmu, a critical addition to ROK Army defence capabilities.”
Capable of precise strikes on long-range artillery, Doosan began full production of the Cheonmu, at its Changwon plant in 2015. Doosan chose the Allison 4500SP fully automatic transmission for the Cheonmu in order to optimize performance. Allison Automatics feature Continuous Power Technology™ and an advanced electronic control system to maximize engine horsepower and torque, delivering optimal vehicle performance.
Allison’s patented torque converter technology eliminates the need for a mechanical clutch, minimizing component wear and driveline damage. Allison-equipped military vehicles require less maintenance and experience fewer breakdowns than manual trucks, which means they are readily available for combat support. Whether transporting troops, deploying as mine resistant ambush protected vehicles (MRAPs) or engaging with multiple rocket launchers, armed forces around the world who count on reliable vehicles, also count on Allison transmissions.
Allison transmissions are featured in U.S. Army and Marine Corps tactical vehicles, as well as South Korea’s armored vehicles and K9 Thunder self-propelled artillery, among others.
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.