Textron Completes Acquisition of Overwatch Systems

(Providence, RI, December 4, 2006) -- Textron Inc. (NYSE: TXT) today announced that its Textron Systems unit has completed the acquisition of Overwatch Systems. With this transaction, Textron complements its core aerospace and defense business and advances its strategy to add key capabilities to its existing strong businesses while further serving its government, military and related customers. Headquartered in Morristown, New Jersey, Overwatch Systems develops and markets integrated systems that enable analysts to generate actionable intelligence faster and more effectively for the war fighter, first responder, analyst and policy maker. The combination with Textron Systems enables growth opportunities for both companies as well as improved support for common customers.

Source: Textron
Date: Dec 4, 2006