Textron Marine & Land Systems Contracted to Build 27 Additional Armored Knight Vehicles

NEW ORLEANS--December 22, 2009, (BUSINESS WIRE)--Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT - News) company, today announced the award of a letter contract to build an additional 27 Armored Knight vehicles for U.S. Army Tank-automotive and Armaments Command (TACOM).
The firm-fixed-price contract, an additional undefinitized contract action under the existing ASV Production III contract, is valued at approximately $10 million and the vehicles are scheduled to be delivered by the end of 2010. The M1200 Armored Knight is a derivative of the Textron Marine & Land Systems Armored Security Vehicle (ASV). The vehicle is outfitted with a laser targeting system for the U.S. Army Field Artillery Combat Observation and Lasing Teams (COLT) by DRS Sustainment Systems Inc., the prime contractor on the M1200 program. “The Armored Knight is a successful program in which the ASV platform has proven to be effective in accomplishing the mission of the U.S. Army,” said Textron Marine & Land Systems General Manager Tom Walmsley. “The ASV is a versatile platform providing exceptional protection, mobility and reliability.”
The ASV family of vehicles is based on 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. The ASV possesses superior mobility, agility, handling and ride quality through the utilization of a four-wheel independent suspension system.
The ASV has maintained exceptional operational readiness and combat availability rates over the life of the U.S. Army program as vehicles log more than 30,000 miles per year in combat operations. Textron Marine & Land Systems has achieved more than 51 consecutive months of on-time delivery to the U.S. Army on the ASV program.
The ASV family of vehicles performs a wide variety of missions including scout, infantry personnel carrier, reconnaissance, command and control and recovery. U.S. Army ASV missions include operations with the Military Police, convoy protection, perimeter security, as well as combat laser designation with the M1200 Armored Knight ASV configuration.
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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