Textron Marine & Land Systems Awarded Contract Option for Afghanistan Army Armored Vehicles

NEW ORLEANS – March 19, 2012 — Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it received an option award from the U.S. Army Contracting Command, Warren, Mich., for 64 additional Mobile Strike Force Vehicles (MSFV) for the Afghanistan National Army (ANA).  

The additional vehicles are added to the current Undefinitized Contract Action (UCA) and have a not-to-exceed value of $71.7 million, with deliveries scheduled by February 2013. Three variants will be produced: MSFV with enclosed Turret; MSFV with Objective Gunner Protection Kit; and MSFV ambulance.  Vehicle production will be performed at Textron Marine & Land Systems' facilities in the New Orleans area.

Mobile Strike Force Vehicles are derived from the combat-proven M1117 Armored Security Vehicle (ASV), and are configured with Enhanced Survivability (ES) capability, which improves blast protection to mine-resistant, ambush-protected (MRAP) levels. The ES-equipped vehicles continue to possess the ASV’s original, all-important V-shaped hull design, in addition to innovative protection design features that enable it to meet MRAP blast protection standards.

Reliability and supportability of these vehicles for the ANA is reinforced by a Total Package Fielding concept, which includes technical manuals, spares, and comprehensive operator and maintenance training.

Textron Marine & Land Systems, in June 2011, was awarded full-rate production for 240 MSFVs along with associated support equipment, spare parts, field service representatives, training and training aids. Initial deliveries of these vehicles into Afghanistan are underway.

“These highly mobile, powerful and well-protected vehicles will play an important role in the Afghanistan government’s ability to address threats and defend its people,” explains Tom Walmsley, TM&LS senior vice president and general manager. “Our Afghanistan-based team of trainers and field service representatives are working closely with the U.S. Army’s Maneuver Support Center of Excellence and Coalition Forces to prepare ANA Mobile Strike Force units to take full advantage of the MSFV’s capabilities.”

Textron Marine & Land Systems has delivered more than 3,600 M1117 ASVs and related configurations to the U.S. Army, as well as additional armored vehicles to military and police forces in Iraq, Colombia and Bulgaria. These vehicles have consistently achieved exceptional operational readiness and combat availability rates greater than 90 percent over the life of the U.S. Army program. Through February of this year, Textron Marine & Land Systems also has achieved 78 consecutive months of on-time ASV deliveries to the U.S. Army.

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 family of Armored Security Vehicles offers enhanced survivability and highly mobile combat security vehicles with unmatched capabilities. 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 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.   

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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, changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; 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 the risk that contract options will not be exercised, that vehicle delivery schedules will change or that orders will be cancelled.

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