Muskegon / Augsburg, June 14, 2024 – RENK America (RAM), a leading provider of vehicle mobility solutions, is pleased to announce the award of a significant order worth over USD 88 million for HMPT transmissions contracted by the United States Army.
This is the second significant order for the HMPT from the US Army in Q2 2024. When combined with the USD 101+ million contract received in April 2024, the total value exceeds USD 189 million.
The US Army continues to deploy more Bradley Fighting Vehicles, M109A7 Paladin Vehicles, Multiple Launch Rocket Systems, and Armored Multipurpose Vehicles outfitted with RAM’s HMPT transmission. These new or upgraded vehicles continue to put the newest capabilities in the hands of the warfighter, ensuring readiness for the mission ahead. RAM is dedicated to ensuring a steady and dependable supply of transmissions to the production line.
“Our team is committed to excellence and continuously meeting the evolving mobility needs of the US Military. We extend our gratitude to our supply base and business partners for their unwavering support – together, we power freedom”, said Ted Trzesniowski, CEO of RENK America.
About the RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical drive solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves in particular customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2023, RENK Group AG generated revenue of EUR 926 million.
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
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