- Allison Transmission Holdings Inc (NYSE:ALSN) is developing an electrification technology for integration into the U.S. Army’s ground combat vehicle fleet.
- The vehicle fleet includes tracked Infantry Fighting Vehicles and the Main Battle Tank.
- Allison Transmission said it is focused on powering the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV), a tracked vehicle program that could be the Army’s largest vehicle procurement in over four decades, with a potential volume of nearly 4,000 vehicles.
- Allison will design, develop and validate a motor/generator and inverter system coupled to a tracked vehicle transmission.
- Price Action: ALSN shares closed higher by 0.31% at $36.01 on Tuesday.
Piper Sandler Maintains Overweight on Cowen, Lowers Price Target to $55
Piper Sandler analyst Sumeet Mody maintains Cowen (NASDAQ:COWN) with a Overweight and lowers the price target from $71 to $55.
