Allison Transmission Holdings, Inc. (ALSN), Monday announced that the company has secured a $97 million contract to support the U.S. Army's Abrams Main Battle Tank program.
The contract underscores the company's commitment to supporting the Army's need for continuity of service, operational resilience and mission readiness around the globe.
Dana Pittard, Vice President for Defense Programs, Allison Transmission, commented, "From its 1970s origins to today's advanced variants, our transmissions have enabled the Abrams to maneuver with precision and resilience in the world's most demanding environments, when failure is not an option."
Currently, Allison's stock is trading at $80.54, up 1.35 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.