Textron Systems & SED Systems Sign Memorandum of Understanding for TAPV Project
SASKATOON, Saskatchewan – April 3, 2012 — Textron Systems Canada Inc., a Textron Inc. (NYSE:TXT) company, today announced that it has signed a memorandum of understanding (MoU) with SED Systems (SED), a division of Calian Ltd, for possible work on the Textron Tactical Armoured Patrol Vehicle (TAPV) for the Canadian Forces. Textron has submitted a proposal to supply 500 vehicles to the Canadian Army, with an option for up to 100 additional TAPVs all outfitted with SED fabricated components. SED, a new supplier to Textron, is a 250 employee business based in Saskatoon, Saskatchewan.