Textron Marine & Land Systems to Deliver 423 Additional Armored Security Vehicles to U.S. Army

May 10, 2010

Contract Finalized with Tank-automotive and Armaments Command

NEW ORLEANS, May 10, 2010 (BUSINESS WIRE) --Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced the signing of a new base contract award for the M1117 Armored Security Vehicle (ASV) and M1200 Armored Knight with the U.S. Army Tank-automotive and Armaments Command (TACOM).

The finalized contract includes an exercised option for 423 vehicles (327 M1117s and 96 M1200s) with provisions for future options of up to 272 more vehicles. These quantities are in addition to a base order previously awarded under a letter contract award of 191 M1117 ASVs and 65 M1200 Armored Knight vehicles, field support and special sustainment tools, as well as technical and field services. Delivery of these latest orders are expected to commence October 2010 and, should all options of the contract be exercised, could continue through the first quarter of 2012. The contract totals approximately $461 million with an additional $239 million in options remaining to be exercised. Textron Marine & Land Systems has delivered a total of 2,600 ASVs to the U.S. Army to-date.

"The ASV, which effectively addresses the U.S. Army's current requirements overseas and has significant upgrade potential to mitigate emerging threats, is seeing ever-expanding combat mission roles for the U.S. Army in Iraq and Afghanistan," said Textron Marine & Land Systems General Manager Tom Walmsley. "Our team looks forward to building and supporting ASVs with a focus on mission success and returning our soldiers home safely."

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 Explosive 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.

The ASV has maintained exceptional operational readiness and combat availability rates over the life of the U.S. Army program as vehicles log more than 30,000 miles per year in combat operations. Textron Marine & Land Systems has achieved more than 56 consecutive months of on-time delivery to the U.S. Army on the ASV program.

The ASV family of vehicles performs a wide variety of missions including scout, infantry personnel carrier, reconnaissance, command and control and maintenance. U.S. Army ASV missions include operations with the Military Police, convoy protection, perimeter security, as well as Field Artillery Combat Observation and Lasing Teams (COLT) with the M1200 ASV configuration.

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.

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) the interruption of production at Textron facilities or at Textron's customers or suppliers; (c) 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; (d) our ability to perform as anticipated and to control costs under contracts with the U.S. Government; (e) the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar us as a contractor eligible to receive future contract awards; (f) changes in vehicle delivery schedules or cancellation of orders; (g) legislative or regulatory actions impacting defense operations; (h) performance issues with key suppliers, subcontractors and business partners; and (i) bankruptcy or other financial problems at major suppliers that could cause disruptions in Textron's supply chain.

SOURCE: Textron

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