Textron Systems Public Relations
12/27/2012 11:18:00 AM
Slidell, La.. - December 26, 2012 - Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has reached an agreement with the City of Slidell, La. to remain at the 1010 Gause Boulevard offices the company has leased from the city since 2007.
The lease extension runs from June 1, 2013 through May 31, 2014, and contains two one-year options. Financial terms were not disclosed.
"I want to thank Slidell Mayor Freddy Drennan and city officials for working diligently with us through these lease negotiations," said Textron Marine & Land Systems Senior Vice President and General Manager Tom Walmsley. "The Mayor and others listened carefully to what we had to say about our company's complex business requirements and put together a lease that supports the needs both of our company and the city."
"Both parties worked in good faith to come to an agreement that is fair and reasonable, and we appreciate that the process concluded with today's announcement," said Mayor Drennan. "Textron Marine & Land Systems is a good corporate citizen and we’re pleased the company and its employees will remain as part of the Slidell community."
The final agreement must be approved by the Slidell City Council in accordance with City procedures.
About Textron Marine & Land Systems
Textron Marine & Land Systems designs, produces and supports advanced wheeled combat vehicles and cutting-edge maritime craft used by U.S. and international armed forces, as well as civilian entities around the globe. Its COMMANDO family of armored vehicles offers a full range of vehicle options delivering enhanced survivability, mobility, lethality and sustainability. Textron Marine & Land Systems' innovative turret technology and related subsystems also deliver outstanding performance and reliability. Its strategic business, MillenWorks, operates an Engineering Center of Excellence with a reputation as a highly sought-after solution center, which designs and develops advanced mobility solutions for demanding on- and off-road applications. Textron Marine & Land Systems is an operating unit of Textron Systems. More information is available at http://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.