First Delivery Order Worth $3.1 Million; $29.2 Million Potential Value Over Three Years
HUNT VALLEY, Md.--(BUSINESS WIRE)--Nov. 16, 2011-- AAI Test & Training, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has received an indefinite delivery, indefinite quantity (IDIQ) contract from the Naval Surface Warfare Center in Indian Head, Md., for the Universal Test Set (UTS). The award has a total potential value of $29.2 million over three years. A first delivery order for $3.1 million includes spares, accessories and related services.
The UTS is a portable, battery-powered test set designed to verify counter-RCIED (radio-controlled improvised explosive device) electronic warfare, or CREW, equipment. Ruggedized and programmable, the UTS is a user-friendly, in-the-field confidence builder for warfighters employing CREW systems prior to combat operations and other dangerous missions. The system can be used to test communication and CREW systems currently deployed around the globe.
“IEDs remain a critical threat to our troops, and their CREW equipment can only be effective when it is fully operational,” says AAI Test & Training Senior Vice President and General Manager Robert Peters. “Our UTS provides reliable, repeatable field verification of CREW equipment so warfighters can conduct their missions with confidence.”
UTS systems are in use by the U.S. Air Force, Army, Navy and Marine Corps. AAI Test & Training has completed 340 total UTS deliveries to date, with another 270 systems scheduled for delivery in early 2012.
About AAI Test & Training
AAI Test & Training has decades of experience designing and manufacturing innovative, high-technology test equipment for the lab, training range, depot, flight line, factory and more — delivering the most reliable, top-performing solutions with superb customer care. In addition, AAI provides high-fidelity training devices and solutions, as well as training needs and systems requirements analysis. Its U.K.-based strategic business, ESL Defence Limited, provides electronic warfare test and training solutions. AAI Test & Training is an operating unit of Textron Systems. More information is available at www.aaicorp.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.
Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. 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, the risks related to U.S. Government contracts as described in our filings with the Securities and Exchange Commission.
Source: Textron Inc.
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