Hunt Valley, MD - February 17, 2009 - AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has been awarded a Simulation, Training and Instrumentation Omnibus Contract II (STOC II) by the U.S. Army Program Executive Office for Simulation, Training and Instrumentation.
This multiple-award, indefinite delivery/indefinite quantity contract has a cap of $17.5 billion, and allows AAI to bid on a variety of task orders for the U.S. Army over as many as 10 years.
"AAI has extensive capabilities across the spectrum of training competencies and deliverables," said Vice President of Test and Training Systems, Robert Peters. "We look forward to providing U.S. Army users robust solutions that draw on all of our resources through STOC II."
The company has proven expertise in providing instructional systems; computer-based training; interactive multimedia instruction; courseware; classroom instruction; cutting-edge U.S. Department of Defense aviation, electronic warfare, and intelligence, surveillance and reconnaissance training devices; and contractor logistics support. AAI’s systems meet customer needs from unclassified systems to those requiring the highest level of classification.
AAI’s training system development and production facilities are located in Charleston, S.C., Orlando, Fla., and at the company’s headquarters in Hunt Valley, Md.
About AAI
AAI Corporation designs, produces, and supports aerospace and defense systems through its direct and indirect wholly owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd, ESL Defence Limited, and Symtx, Inc. Its high-technology products and services include unmanned aircraft systems, training and simulation systems, automated aerospace test and maintenance equipment, armament systems, aviation ground support equipment, and logistical, engineering, and supply chain services. AAI Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.aaicorp.com.
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. (NYSE: TXT) is a $14.2 billion multi-industry company operating in 28 countries with approximately 42,000 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, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
Forward-looking Information: This release contains forward-looking statements regarding a U.S. Government program awarded to Textron Systems. These forward-looking 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 forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: (a) Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; (b) the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; (c) changing priorities or reductions in the U.S. Government defense budget, including those related to Operation Iraqi Freedom, Operation Enduring Freedom and the Global War on Terrorism; and (d) changes in national or international funding priorities, U.S. and foreign military budget constraints and determinations and government policies on the export and import of military and commercial products.