Canadian Tactical Armoured Patrol Vehicle Program Starts Pre-Production Vehicle Testing and Training

August 07, 2013

OTTAWA, ON - August 7, 2013 - Textron Systems Canada Inc., a Textron Inc. (NYSE: TXT) company, today announced that Textron Marine & Land Systems (TM&LS) has completed and shipped four pre-production Canadian Forces Tactical Armoured Patrol Vehicles (TAPV) to locations in the United States and Canada for a series of testing and training activities.

The Textron TAPV Team, led by Textron Systems Canada, was selected in June 2012 to manufacture 500 Canadian Forces Tactical Armoured Patrol Vehicles with options for up to 100 more. The TAPV contract, with options, has a value of $603.4 million CAD, with an additional five-year in-service support contract of $105.4 million CAD.

In early July, the first pre-production vehicle (PPV) was sent to Aberdeen Test Center, a U.S. Army test facility in Maryland, for qualification testing; a process scheduled to take five months. The second PPV arrived at Rheinmetall Canada in Saint-Jean-sur-Richelieu, Quebec in mid July. Rheinmetall completed Land Communication Information System training with this vehicle, which was followed by electro optical technical training performed by Kongsberg Protech Systems Canada and vehicle technician training by TM&LS.

The third and fourth TAPV PPVs also are at Rheinmetall Canada, where vehicle integration activities are taking place. Over the next several weeks, TM&LS is scheduled to finish work on two additional PPVs. At that point, five of the six PPVs will be sent to Canadian Forces Base Valcartier in Quebec for two weeks of Operator and Gunner Operator Training starting in late August. Immediately following, these pre-production TAPVs will begin Reliability, Availability, Maintainability and Durability (RAMD) testing at Valcartier. RAMD testing is expected to continue for eight months.

"Our pre-production vehicle assembly, testing and training is on schedule and moving us toward the start of full-rate production planned for January of 2014," said Neil Rutter, general manager of Textron Systems Canada. "We remain committed to working with our Department of National Defense customer and our partners here in Canada to build and support a fleet of TAPVs that provide Canadian soldiers with unmatched performance and protection for decades."

Ottawa-based Textron Systems Canada, as prime contractor, is providing overall TAPV program and configuration management, acting as design authority for change management, coordinating vehicle integration activities by Canadian subcontractors, and managing the In-Service Support contract. Textron Systems Canada also is implementing a pan-Canadian Industrial and Regional Benefits program designed to bring new expertise and opportunities to Canadian companies.

The Textron TAPV is the most reliable and technologically advanced vehicle of its kind. It draws on the company's more than 45 years of experience in the design and production of armoured vehicles. The Textron TAPV is designed to provide the Canadian Forces with the optimal balance of survivability, mobility and versatility, while delivering outstanding performance in the world's most challenging environments. Extensively tested to confirm ballistic, blast, mobility and reliability levels, the Textron TAPV has been engineered to meet and exceed Canada's requirements.

For additional information visit www.textrontapv.ca.

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 COMMANDO family of armored vehicles offers a full range of vehicle options delivering enhanced survivability, mobility, lethality and sustainability. 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, Aerosonde, ESL Defence, Lycoming Engines, Medical Numerics, MillenWorks, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. To serve Canadian customer requirements, the company established Ottawa-based Textron Systems Canada. 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 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, the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product milestones; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; performance issues with key suppliers, subcontractors or business partners; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; and changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations

Contact

Public Relations Team
Textron Systems
(978) 657-2020
PublicRelations@systems.textron.com

Keelan Green
613-231-3355 ext. 260
green@thornleyfallis.ca

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David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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