Textron Marine & Land Systems Awarded Contract Option for 88 M1117 and M1200 Armored Vehicles

New Orleans, LA – April 14, 2011 — Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced a firm-fixed-price contract award from the U.S. Army Tank-automotive and Armaments Command (TACOM) for 88 M1117 Armored Security Vehicles (ASV) and M1200 Armored Knight vehicles.

The award, valued at $64,332,732, exercises options for 37 M1117 ASVs, 51 M1200 Armored Knights and associated support equipment. The work will be performed through the end of 2012 at Textron Marine & Land Systems’ facilities in the New Orleans area.

“The ASV is a versatile platform that continues to deliver exceptional mobility, reliability and survivability enabling the U.S. Army to carry out a wide range of combat mission roles,” said Textron Marine & Land Systems Senior Vice President and General Manager Tom Walmsley. “For more than 12 years our team has worked hard to consistently deliver ASV products, in a variety of configurations, which provide our soldiers exceptional levels of security and protection.” 

The ASV is a 4X4 wheeled armored vehicle that offers significant crew protection through the 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. The ASV has maintained exceptional operational readiness and combat availability rates over the life of the U.S. Army program.

Textron Marine & Land Systems also has achieved 66 consecutive months of on-time delivery to the U.S. Army on the ASV program, and has delivered a total of 2,777 ASVs and 314 Armored Knight vehicles to the U.S. Army to date.

The ASV family of vehicles performs a wide 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 Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. 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 services, Textron Systems includes AAI Corporation, Lycoming Engines, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. 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.


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