Allison Transmission Partners with Key Polish Defense Industry Leaders
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Allison’s cooperation with Polska Grupa Zbrojeniowa will strengthen the competitive position of both companies in the international defense market.
INDIANAPOLIS, October 2, 2023 – Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, has signed a memorandum of understanding
(MOU) with Grupa Zbrojeniowa (PGZ), a holding group uniting Polish state-owned defense industry companies and one of the largest defense companies in Europe. The two defense leaders will partner to expand their product portfolio and bolster Allison’s
supplier network and service capabilities in Europe and beyond.
“We are constantly building our strategic alliances to boost the development of the defense sector as part of the Polish Armed Forces Technical Modernization Plan,” said Sebastian Chwalek, PGZ CEO. “We welcome this opportunity to partner with Allison
Transmission, a well-known provider of propulsion solutions that have a proven reputation on the battlefield.”
The MOU includes Allison Transmission partnering with PGZ to provide tracked vehicle transmission service and repair in Poland. The MOU also includes cooperation between PGZ and Allison on tracked vehicle programs. Poland is procuring thousands of fighting
vehicles in response to the deteriorating regional security situation and a commitment to a strong defense. Allison Transmission is the provider of propulsion systems for the Abrams tank, K9 and Krab Howitzers. Poland has contracted to purchase several
hundred Abrams tanks, hundreds of Howitzers, and PGZ has recently been awarded a contract for over 1,000 Borsuk vehicles.
“Allison Transmission is proud to support PGZ and its subordinate companies in the development of world class vehicle platforms such as the Krab Self-propelled Howitzer and multiple wheeled defense models as well as providing sustainment of our products
in Poland,” said Dana Pittard, Vice President of Defense Programs, Allison Transmission.
PGZ brings together more than 50 companies, including Wojskowe Zakłady Motoryzacyjne (WZM) who will be added to Allison’s network of Authorized Dealer and Distributors to service tracked vehicles as a complement to Tezana, who services transmissions for
wheeled vehicles in Poland.
02 Oct, 2023
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified
propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach),
motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more
than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis,
Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
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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.