Overwatch Announces Research Contract with National Geospatial-Intelligence Agency

September 01, 2010

AUSTIN, Texas, Sep 01, 2010 (BUSINESS WIRE) --

Overwatch, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced the signing of a Cooperative Research and Development Agreement (CRADA) with the National Geospatial-Intelligence Agency (NGA).

 

The focus of the CRADA is to further develop and enhance current Overwatch geospatial software solutions, as well as initiate development and integration of new products and capabilities that allow for more robust exploitation of Geospatial Intelligence (GEOINT) data. In addition to Overwatch COTS products, the CRADA will involve science and technical personnel from both organizations working together to create and integrate these new geospatial analysis products and capabilities.

The CRADA with NGA, a longtime government client of Overwatch, will continue for five years and will involve commercial off-the-shelf (COTS) geospatial analysis products such as RemoteView Professional, Feature Analyst, LIDAR Analyst(R), Mensuration, RemoteView Video Tracking (Full Motion Video), RemoteView 3D Professional, GeoCatalog and RemoteView Connect.

Results of the CRADA will also be shared with the National Systems for Geospatial Intelligence (NSG). NGA has the option of demonstrating new products to selected working groups and technology forums to showcase the unique and valuable capabilities to the overall GEOINT and U.S. Department of Defense communities.

"This is an exciting opportunity for Overwatch and NGA, with focused attention on increased workflow efficiency and creating new avenues for solving intelligence issues," said Overwatch Vice President of Geospatial Products and Solutions, Stuart Blundell. "This is a great example of industry and government working together to provide advanced tools for GEOINT professionals."

About Overwatch

Overwatch, an operating unit of Textron Systems, is the leading provider of integrated intelligence software solutions and services as well as robust satellite communications systems for today's U.S. and international defense and intelligence communities. For the past 20 years, Overwatch's intelligence solutions have supported decision makers, counter-terrorism analysts, warfighters and first responders by providing proven tools that simplify the integration, analysis and exploitation of intelligence in order to present a complete operational picture and accelerate the time-to-decision. More information is available at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.overwatch.com%2F&esheet=6412269&lan=en-US&anchor=www.overwatch.com&index=1&md5=6c017256ff7b496fd47a38ec25dabb8d.

About Textron Systems

Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. 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 services, Textron Systems includes AAI Corporation, Lycoming Engines, Overwatch, 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 http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.textronsystems.com%2F&esheet=6412269&lan=en-US&anchor=www.textronsystems.com&index=2&md5=b3a7d03c76d8e8cb6cb987530274874c.

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 http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.textron.com%2F&esheet=6412269&lan=en-US&anchor=www.textron.com&index=3&md5=105fbd3568a0e7cb6641aeea966d2315.

LIDAR Analyst is a registered trademark of Overwatch Systems, Ltd.

Forward-looking Information: Certain statements in this press release are forward-looking statements and 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 but not limited to the following: (a) changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; (b) changing priorities or reductions in the U.S. Government defense budget, including those related to Operation Iraqi Freedom, Operation Enduring Freedom and the Overseas Contingency Operations; (c) 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; (d) our ability to perform as anticipated and to control costs under contracts with the U.S. Government; (e) legislative or regulatory actions impacting defense operations; (e) the timing of new product launches and certifications of new products; (f) the efficacy of research and development investments to develop new products (f) the launching of significant new products or programs which could result in unanticipated expenses; and (g) performance issues with key suppliers, subcontractors and business partners.

SOURCE: Textron

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Sharon Corona, 410-628-3184
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Textron
Michael Maynard, 401-457-2474

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Eric Salander, Vice President, Investor Relations
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