- 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.
The Week In Cannabis: Senate Candidate Sparks Up, Silver Spike’s IPO, New York, Mississippi, Pot For Plasma And More
Below is a recap of the main news related to the cannabis industry and markets for the week of January 17, 2022.
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