 Shares of Allison Transmission Holdings Inc. NYSE: ALSN surged higher following a company announcement that it was selected by American Rheinmetall Vehicles to develop the Next Generation Electrified Transmission for future U.S. Army ground combat vehicles. The company highlighted that defense tracked and wheeled vehicle electrification continues to garner interest as well as U.S. government investments due to the emerging technologys numerous benefits which include silent mobility to reduce enemy detection, exportable power provisions for both on-board and off-board systems, and flexible operational modes for a variety of performance and fuel economy demands. 