Textron TAPV Team Submits Tactical Armoured Patrol Vehicle Proposal

August 31, 2011

OTTAWA, Canada – August 31, 2011 — Textron Systems Canada Inc., a Textron Inc. (NYSE: TXT) company, announced today that it has submitted its proposal for the Canadian Forces Tactical Armoured Patrol Vehicle (TAPV) program. The Textron TAPV Team, led by Textron Systems Canada, includes Textron Marine & Land Systems and Rheinmetall Canada. Additional key Canadian suppliers include: Kongsberg Protech Systems Canada, a subcontractor to Rheinmetall Canada for the Remote Weapons Systems; and Engineering Office Deisenroth Canada (EODC), a subcontractor direct to Textron Systems Canada for add-on armour.

A contract for the TAPV program to procure 500 vehicles, with an option for up to 100 more, is expected to be awarded in early 2012.

"The Textron TAPV Team is pleased to be offering a 4 by 4 armoured vehicle that will provide the Canadian Forces with an unmatched blend of survivability, protection, power, mobility and versatility," said Neil Rutter, general manager of Textron Systems Canada. "We also have submitted a comprehensive Industrial and Regional Benefits plan that effectively engages Canadian companies from coast to coast, provides jobs to Canadians, and provides substantial Canadian content in each vehicle."

Textron's proposed TAPV, specifically engineered to meet Canadian Forces requirements, draws on Textron Marine & Land Systems' more than 45 years of experience in the design and production of armoured vehicles. Building from the combat-tested Armored Security Vehicle platform, Textron's TAPV has undergone five years of extensive research and development. The result is a technology readiness level (TRL) 8 vehicle, designed to deliver outstanding performance and sustainability for a broad spectrum of operations in the world's most challenging environments.

If awarded the TAPV project, Ottawa-based Textron Systems Canada, as prime contractor, will provide overall program and configuration management, act as the design authority for change management, coordinate vehicle integration activities by Canadian subcontractors, manage the 25-year In-Service Support contract, and execute the Industrial and Regional Benefits program.

Rheinmetall Canada (www.rheinmetall.ca), at its facilities in Saint-Jean-sur-Richelieu and Ottawa, will perform multiple integration functions and final vehicle assembly to include the remote weapons station and government furnished equipment, and play a large role in the program's long-term system support.

Kongsberg Protech Systems Canada (www.kongsberg.com/en/KPS) will provide its Remote Weapon Station (RWS) for the Textron TAPV vehicle through a subcontract with Rheinmetall Canada. Kongsberg would be responsible for assembly, testing, and delivery of its RWS for the TAPV program, using its production facility in London, Ontario.

EODC (www.eodc.ca), an IBD-owned Canadian company based in Ottawa, is offering IBD's fourth-generation Advanced Modular Armour Protection (AMAP) technology in support of the Textron TAPV. This newest ballistic protection technology includes the use of nano-ceramics and nano-steels to provide enhanced vehicle survivability at lower weight levels.

Textron Systems Canada brings the broad capabilities of Textron Systems' operating units to Canadian customers. The company is currently focused on the Canadian Forces' Tactical Armoured Patrol Vehicle program. More information is available at www.textronsystems.ca and www.textrontapv.ca.

About Textron Marine & Land Systems
Textron Marine & Land Systems designs, produces and supports advanced wheeled combat vehicles and cutting-edge maritime craft used by U.S. and international armed forces, as well as civilian entities around the globe. Its family of Armored Security Vehicles offers enhanced survivability and highly mobile combat security vehicles with unmatched capabilities. Textron Marine & Land Systems' innovative turret technology and related subsystems also deliver outstanding performance and reliability. Its strategic business, MillenWorks, operates an Engineering Center of Excellence with a reputation as a highly sought-after solution center, which designs and develops advanced mobility solutions for demanding on- and off-road applications. Textron Marine & Land Systems is an operating unit of Textron Systems. More information is available at www.textronmarineandland.com.

About Textron Systems
Textron Systems has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Headquartered in Wilmington, Mass., the company is 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 and operational services. Textron Systems includes AAI Logistics & Technical Services, AAI Test & Training, AAI Unmanned Aircraft Systems, Advanced Systems, Aerosonde, ESL Defence, Lycoming Engines, Medical Numerics, MillenWorks, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. To serve Canadian customer requirements, the company established Ottawa-based Textron Systems Canada. 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.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these 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 statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the following:

  • The risk that Textron's proposal will not win the contract award;
  • Performance issues with key suppliers, subcontractors or business partners;
  • Changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; and
  • Changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products.

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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