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Textron Marine & Land Systems to Supply U.S. Army with 65 Additional Armored Security Vehicles

Dépèche transmise le 28 juin 2011 par Business Wire

Textron Marine & Land Systems to Supply U.S. Army with 65 Additional Armored Security Vehicles

NEW ORLEANS--(BUSINESS WIRE)--Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that the U.S. Army Contracting Command, Warren, Mich., has exercised a contract option, valued at $49,613,572, for the company to supply the Army with 65 additional M1117 Armored Security Vehicles (ASVs).

“For more than a decade our Louisiana-based employees have worked hard to design and manufacture ASV products that deliver outstanding performance across a wide range of challenging environments, while providing our soldiers exceptional levels of security, mobility and protection”

Vehicle manufacturing will take place at Textron Marine & Land Systems facilities in the New Orleans area. The company has produced 3,161 ASVs for the U.S. Army, and has achieved 68 consecutive months of on-time delivery to the Army on the ASV program.

The ASV is a 4X4 wheeled armored vehicle that offers significant crew protection through its V-shaped hull design, and employment of multiple layers of armor, defending against small arms fire, artillery projectile fragments, Improvised Explosive Devices (IEDs) and land mines. It also uses a four-wheel independent suspension system to deliver superior mobility, agility, handling and ride quality.

“For more than a decade our Louisiana-based employees have worked hard to design and manufacture ASV products that deliver outstanding performance across a wide range of challenging environments, while providing our soldiers exceptional levels of security, mobility and protection,” said Textron Marine & Land Systems Senior Vice President and General Manager Tom Walmsley.

The ASV family of vehicles performs a variety of missions including scout, infantry personnel carrier, reconnaissance, command and control and maintenance. U.S. Army ASV missions include operations with the Military Police, convoy protection, perimeter security, as well as Field Artillery Combat Observation and Lasing Teams (COLT) with the M1200 Armored Knight configuration.

About Textron Marine & Land Systems

Textron Marine & Land Systems specializes in the design, production and support of advanced marine craft, armored combat vehicles, turrets and related subsystems. Through its MillenWorks strategic business, Textron Marine & Land Systems designs and develops advanced mobility solutions for demanding on- and off-road applications. Textron Marine & Land Systems serves military and commercial customers domestically and internationally, and is an operating unit of Textron Systems, a Textron Inc. company. More information is available at www.textronmarineandland.com.

About Textron Systems

Textron Systems has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Headquartered in Wilmington, Mass., the company is known for its unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustainment and operational services. Textron Systems includes AAI Logistics & Technical Services, AAI Test & Training, AAI Unmanned Aircraft Systems, Advanced Systems, Aerosonde, ESL Defence, Lycoming Engines, Medical Numerics, MillenWorks, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. More information is available at www.textronsystems.com.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the following:

• Changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries;
• Our ability to perform as anticipated and to control costs under contracts with the U.S. Government;
• The U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform;
• Performance issues with key suppliers, subcontractors or business partners; and
• Changes in vehicle delivery schedules or cancellation of orders.