SZKMY - Allison Collaborates With BAE Systems to Supply 4040 MX | Benzinga
Allison Transmission Holdings, Inc. (NYSE: ALSN) has signed a contract with BAE Systems Hagglunds (OTC: BAESF), a prominent European producer of tracked combat vehicles, to supply the new Allison 4040 MX propulsion system for the ongoing CV90 Infantry Fighting Vehicle (IFV) programs, with production expected to commence in 2028. The 4040 MX, an upgraded version of the 3040 MX cross-drive transmission used in the U.S. Army's M10 Booker Combat Vehicle, expands Allison's medium-weight product line.
This agreement continues a longstanding collaboration between BAE Systems and Allison, presenting an opportunity for growth in ALSN's Defense market, potentially generating $100 million in additional annual revenues from various programs. BAE Systems' BvS10 and Beowulf tracked vehicles are already equipped with Allison 3000 Specialty Series transmissions.
The 4040 MX will be used in ongoing CV90 programs, including the CV90 Mk IV IFV, and the agreement ensures long-term support for the existing CV90 fleet equipped with Allison X300 transmissions. Currently, nearly 1,000 CV90s are operated by countries, including Sweden, Denmark, Estonia, Finland, the Netherlands, Norway and Switzerland.
BAE Systems and the CV90 have ...