Textron Systems Awarded Contract for Final Development of Intelligent Munitions System (IMS) for U.S. Army

July 06, 2006

Wilmington, Mass. – July 6, 2006 – Textron Systems announced today it has been awarded a $115M contract for the system design and development phase of the Intelligent Munitions System (IMS) program by the U.S. Army Project Manager, Close Combat Systems under the Program Executive Officer for Ammunition at Picatinny, New Jersey. Textron Systems is a Textron Inc. (NYSE:TXT) company.

A core component of the Army's Future Combat System initiative, IMS is a revolutionary networked sensor and munition system that brings unprecedented situational awareness and terrain control to the battlefield.

Mark Catizone, general manager, Textron Systems, said, "We are very pleased to be a part of this important program and to deliver greater capabilities to the warfighter. We have a top notch team that will utilize its many years of experience in the areas of sensors and munitions to create a robust solution for our customer."

Low-rate initial production of IMS is scheduled to start in 2008; delivery is scheduled for 2010. Textron Systems' teaming partners include Northrop Grumman (Carson, CA), ITT Industries (Clifton, NJ) and BAE Systems (Merrimack, NH).

About Textron Systems

Textron Systems provides innovative technology solutions to meet the needs of the global aerospace and defense industries. The company supports military precision engagement and dominant maneuver with strike weapons, mobility and surveillance systems. The Textron name is well known in the areas of advanced weapons, surveillance systems, aircraft control components, specialty marine craft and armored vehicles. Textron Systems Corporation ("Textron Systems") is a wholly-owned subsidiary of Avco Corporation. Avco Corporation is a wholly-owned subsidiary of Textron Inc. More information is available at www.systems.textron.com.

About Textron

Textron Inc. is a $10 billion multi-industry company with approximately 37,000 employees in continuing operations in 33 countries. The company leverages its global network of aircraft, 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at rwww.textron.com.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

Email Alert

Enter your Email *
Mailing Lists *

Enter the code shown above.