Textron Systems & General Kinetics Sign Memorandum of Understanding for TAPV Project
BRAMPTON, Ontario – MARCH 21, 2012 — Textron Systems Canada Inc., a Textron Inc. (NYSE:TXT) company, today announced that the company has signed a memorandum of understanding (MoU) with General Kinetics 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 to be outfitted with shock absorbers designed for military use by General Kinetics, a 100 employee small business in southern Ontario. General Kinetics, for more