Textron Marine & Land Awarded $228 Million for 329 Additional U.S. Army M1117 Armored Security Vehicles

New Orleans, LA . - Textron Marine & Land Systems (TM&LS), an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, has been awarded a contract modification for $228 million to build an additional 329 M1117 Armored Security Vehicles (ASV) by the U.S. Army Tank-Automotive & Armaments Command (TACOM).

“With this additional order, our customer has again chosen the ASV to protect soldiers,” said Tom Walmsley, general manager, Textron Marine & Land Systems. “Our partnership with TACOM has allowed these vehicles to be delivered with the latest fragmentation protection kits, improving the system survivability even more.”

The ASV has been in continuous combat for almost 60 months with an organic Operational Readiness Rate consistently greater than 90 percent.

With this award, the total number of ASVs produced to date for the U.S. Army or remaining to be delivered under contract with the U.S. Army is now at 2058 vehicles. Production and deliveries of the ASV continue at the normal production rate of 48 vehicles a month with firm contracts through May 2009.

The ASV is used by the U.S. Army for its Military Police, convoy protection and Field Artillery Combat Observation and Lasing Teams (COLT). Its record of performance, reliability and survivability in the field is excellent. More than 1040 ASVs have been deployed in combat missions in support of the Global War on Terrorism. Textron Marine & Land Systems has built more than 1270 vehicles for the U.S. Army as of January 2008.