Textron Marine & Land Systems to Supply U.S. Army with 65 Additional Armored Security Vehicles
NEW ORLEANS, Jun 28, 2011 (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).
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 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,
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals,
- 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.
Doug Wilburne, 401-457-2288
Textron Systems Corporation
Sharon Corona, 410-628-3184
David Sylvestre, 401-457-2362