Textron Systems Awarded Contract Valued up to $92.5 Million for OSRVTTM Contractor Logistics Support

August 26, 2021

HUNT VALLEY, MD. – Textron Systems Corporation, a Textron Inc. (NYSE: TXT) company, today announced that it has been awarded a contract valued up to $92.5 million by the U.S. Army to provide Contractor Logistics Support (CLS) for the One System® Remote Video Terminal (OSRVTTM). This three-year contract provides logistics support, product refresh, field services and engineering support to potentially over 3,400 fielded units, as well as 1,100 range extending Mobile Directional Antenna Systems (MDAS) operating with the U.S. Army. In addition, the contract supports upgrading up to 3,000 OSRVT to the new ROVER 6S configuration, as well as the fielding of up to nearly 2,000 of the new Soldier Portable OSRVT (SPOT).

Textron Systems' combat proven OSRVT Program of Record delivers full-motion video (FMV), images and critical geospatial data from DOD Manned ISR and Unmanned Aircraft Systems across multiple frequency bands and waveforms. The fielding of the SPOT complements the OSRVT by addressing the need for a smaller, lightweight wearable system that retains the majority of the OSRVTs functionality but at reduced tactical ranges. Bringing capability to the warfighter, SPOT's straightforward design makes it easy to use and closes the shooter to sensor gap by keeping soldiers connected.

"With more than a decade of providing manned-unmanned teaming to the U.S. Army, we are excited to continue the evolution of the OSRVT and introduce the smallest version yet – SPOT, purpose designed for the dismounted user at the tactical edge," said Senior Vice President Air Systems, Wayne Prender. "We attended the Army Expeditionary Warrior Experiment (AEWE) demonstration earlier this year, which allowed SPOT’s user-base to test and interact with this product. Soldiers were able to see firsthand and experience its simplicity and lightweight form factor. We are proud to continue supporting the OSRVT program and equipping our forces with a portable variant to keep them prepared on the battlefield."

Leveraging Textron Systems' range of CLS programs and expertise with OSRVT, this contract allows for continued support to the services through Q1 2024.

About Textron Systems

Textron Systems is a world leader in unmanned air, surface and land products, services and support for aerospace and defense customers. Harnessing agility and a broad base of expertise, Textron Systems’ innovative businesses design, manufacture, field and support comprehensive solutions that expand customer capabilities and deliver value. For more information, visit 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, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit 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, risks related to indefinite-delivery, indefinite quantity contracts and others risks related to U.S. Government contracts as described in our filings with the Securities and Exchange Commission.

ONE SYSTEM is a registered trademark of the U.S. Army.

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Textron Systems
Public Relations Team
978-657-2020
publicrelations@textronsystems.com

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Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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