Textron Systems to Build U.S. Navy Ship-to-Shore Connector

July 09, 2012

$213 Million Program Joins Alcoa Defense and L-3 Communications with Original Manufacturer of Landing Craft, Air Cushion

NEW ORLEANS--(BUSINESS WIRE)--Jul. 9, 2012-- Textron Marine & Land Systems (TM&LS), an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that its team has been selected by the U.S. Navy for the Ship-to-Shore Connector (SSC) program. The SSC will replace the Landing Craft, Air Cushion (LCAC), providing a modernized means for the U.S. Navy and Marine Corps to land at more than 80 percent of the world's shorelines for the next 30 years.

The approximately $213 million fixed-priced, incentive-fee contract is for the detailed design and construction of an initial SSC Test and Training Craft with work to be completed by February 2017. The contract includes options for up to eight production craft to be delivered by 2020 worth a total potential value of $570 million. With its amphibious lift requirement, SSC will provide the surface assault portion of the U.S. Joint Expeditionary Maneuver Warfare tactical plan with the capability to project and sustain military operations from the sea, independent of tides, water depth, underwater obstacles, or beach gradient.

The Textron team, including aluminum manufacturing and performance expert Alcoa Defense and command, control and navigation systems industry leader L-3 Communications, brings together more than 55 years experience in Air Cushion Vehicle (ACV) engineering, design, specialty materials, systems integration, manufacturing, high-rate production and service life extension with the only facility in the world that has successfully produced 10 SSC-like craft per year – Textron Marine & Land Systems’ shipyard. Sited in New Orleans, Louisiana, near the Gulf of Mexico, the 600,000 square foot shipyard is designed to optimize the production of ACVs, allowing these craft, once finished, to move from assembly line to open water, mission ready.

“Our team was formed from the very beginning to deliver to the U.S. Navy the lowest risk SSC — a highly capable, high performing vessel delivered within budget, at weight and on schedule, and maintained for its entire service life,” stated Fred Strader, president and chief executive officer of Textron Systems. “Our experienced team is eager to get to work building air cushion vehicles once again in our shipyard and supporting the U.S. Navy in every way we can.”

For additional information, including renderings of the SSC, visit lowriskssc.com.

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 http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.textronmarineandland.com%2F&esheet=50333739&lan=en-US&anchor=www.textronmarineandland.com&index=2&md5=771a2102c36c7b2a36037a7a7a50433f.

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, performance issues with key suppliers, subcontractors or business partners; our ability to perform as anticipated and to control costs under government contracts; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50333739&lang=en


Source: Textron

Doug Wilburne, 401-457-2288
Becky Rosenbaum, 401-457-2288
David Sylvestre, 401-457-2362
Tom Williams, 410-628-4683

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