Allison Transmission to continue partnership with HST Otomotiv in Turkey

Allison Transmission (ALSN) announced that the company will continue its partnership with HST Otomotiv, Allison’s licensed manufacturer in Turkey, on a phase two contract to provide the Allison X1100-5A4 cross-drive transmission for the Next Generation T-155 Firtina 155 mm Self-Propelled Howitzer for the Turkish Armed Forces. This agreement builds upon the success of Phase 1 and is one of several growth opportunities expected to drive $100M of incremental annual revenue in Allison’s Defense end market.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue