Textron Marine & Land Awarded $255.5 M for 369 More U.S. Army M1117 Armored Security Vehicles

(New Orleans, La., June 21, 2007) -- Textron Marine & Land has been awarded a contract modification for $255.5 million to build an additional 369 M1117 Armored Security Vehicles (ASV) by the U.S. Army Tank-Automotive & Armaments Command (TACOM). This modification is a follow on to a contract finalized in 2006.

"We continue to experience both strong demand and exceptional customer feedback for the ASV," said Tom Walmsley, general manager, Textron Marine & Land Systems. "In addition, this reaffirms confidence in a product that has been in continuous combat for more than 51 months with an Operational Readiness Rate consistently greater than 90 percent."

Source : Textron Inc.

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