Textron Marine & Land Systems Completes Phase II ASV Reset Program

March 23, 2010

New Orleans, LA - Mar 23, 2010 - Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced the successful completion of its Phase II Armored Security Vehicle (ASV) reset program with the United States Army Tank-automotive and Armaments Command (TACOM).

The Phase II contract to reset 12 M1117 ASVs was completed in 120 days at the company's Slidell, La. manufacturing facility and at a reduced cost per vehicle compared to the Phase I resets.

The reset process restores battle-damaged and worn vehicles to combat-ready condition. In addition to the reset of the vehicles, an objective achieved in Phase II of the program was to establish manufacturing processes to enable the implementation of a future full-rate reset program.

"We made significant cost improvements with this Phase II reset contract, in spite of the fact that 10 of the 12 vehicles inducted into the program had suffered structural damage," said Textron Marine & Land Systems General Manager Tom Walmsley. "We took full advantage of our experienced Original Equipment Manufacturer (OEM) team, supply chain excellence, process improvement initiatives, facilities and tooling to streamline the ASV reset process and get these vehicles back into the hands of the warfighter as quickly and efficiently as possible."

Textron Marine & Land Systems is currently working with M1200 Armored Knight prime contractor DRS Sustainment Systems Inc. for the ongoing Armored Knight reset program. The Armored Knight is a derivative of the ASV outfitted with a laser targeting system for the U.S. Army Field Artillery Combat Observation and Lasing Teams (COLT).

"We look forward to the opportunity to continue this reset program with additional ASV and Armored Knight vehicles in the near future," said Walmsley. "The ASV has proven itself in numerous combat missions as a versatile platform providing exceptional protection, mobility and reliability."

The ASV is a 4X4 wheeled armored vehicle that offers significant crew protection through the employment of multiple layers of armor, defending against small arms fire, artillery projectile fragments, Improvised Explosives Devices (IEDs) and land mines. 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.

ASV variants can perform a wide variety of missions including scout, infantry personnel carrier, reconnaissance, command and control and recovery. Current missions of the ASV include operations with the Military Police, convoy protection and combat laser designation with the Armored Knight. The ASV's record of performance, reliability and survivability in the field is impeccable in U.S. Army operations around the globe.

About Textron Marine & Land Systems
Textron Marine & Land Systems specializes in the design, production and support of advanced marine craft, armored combat vehicles, turrets and related subsystems. Textron Marine & Land Systems serves military and commercial customers domestically and internationally, and has products operating in more than 35 countries worldwide. Textron Marine & Land Systems is an operating unit of Textron Systems, a Textron Inc. company. More information is available at www.textronmarineandland.com.

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 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.

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.