Textron Marine & Land Systems Awarded M1117 ASV Reset Phase II Program

November 03, 2008
New Orleans, LA - November 3, 2008 - Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, has been awarded a $4.6 million contract by the United States Army Tank-automotive and Armaments Command (TACOM) to reset 12 M1117 Armored Security Vehicles (ASV). This award is the second reset contract awarded to Textron Marine & Land Systems in as many years.

The reset process brings battle-damaged and worn vehicles to a like-new condition, while offering the opportunity to apply the latest modifications to enhance survivability, safety and mobility. The overall objective of the reset program is to turn a fielded ASV in any condition into a fully combat-ready asset. Work on this program will take place at Textron's facilities in the New Orleans, Louisiana area.

"The ASV proves itself in combat every day and we're proud of its record of supporting and protecting our soldiers," said Textron Marine & Land Systems General Manager Tom Walmsley. "The fact that we are progressing with Phase II of this reset program is a testament to the quality of the ASV product and the people who build, maintain and now work to reset these vehicles for return to combat."

The ASV is a 4X4 wheeled armored vehicle that offers significant crew protection through the employment of multiple layers of armor that provides defense against small arms fire, artillery projectile fragments, and land mines. This advanced armor is exceedingly lightweight and, along with its dimensions, allows the vehicle to be able to "roll-on/roll-off" C-130 military transport aircraft. The ASV possesses superior mobility, agility, handling and ride quality through the utilization of a four-wheel independent suspension system. Textron Marine & Land Systems has equipped the M1117 ASV with a specially designed dual-weapon station that, unlike many other vehicles, enables the crew to load, reload and clear gun jams under full armor protection.

With minor modifications and appropriate outfitting, ASV variants can perform a wide variety of missions including scout, infantry personnel carrier, reconnaissance and command and recovery. Current missions of the ASV include operations with the Military Police, convoy protection, and Field Artillery Combat Observation and Lasing Teams (COLT). Its record of performance, reliability and survivability in the field is impeccable in U.S. Army operations around the globe. Textron Marine & Land Systems has built more than 1,700 vehicles to date.

About Textron Systems
Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for over 50 years. Known for its precision smart weapons, intelligent battlefield systems, surveillance systems, intelligence software solutions, aircraft control components, piston engines, armored vehicles and unmanned aircraft systems, Textron Systems includes AAI, HR Textron, Lycoming Engines, Overwatch Tactical Operations, Overwatch Geospatial Systems, Textron Defense Systems, and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.textronsystems.com.

About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com

Connect with Textron IR

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

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