ACM (Association for Computing Machinery) has named Frances E. Allen the recipient of the 2006 A.M. Turing Award for contributions that fundamentally improved the performance of computer programs in solving problems, and accelerated the use of high performance computing. This award marks the first time that a woman has received this honor.
In 1989, Allen was the first woman to be named an IBM Fellow. In 2000, IBM created the Frances E. Allen Women in Technology Mentoring Award, naming her as its first recipient. She is an Advisory Council Member of the Anita Borg Institute for Women and Technology, whose goal is to increase the participation of women in all aspects of technology. She also received the first Anita Borg Award for Technical Leadership, which was presented at Grace Hopper Celebration of Women in Computing in 2004.
More info at the ACM Press Release.