Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has been awarded a competitive contract by the United States Army Tank-automotive and Armaments Command (TACOM) to reset 392 M1117 Armored Security Vehicles (ASV). The base contract value is $19.8 million but could expand with the exercise of two option years and for emergent work, depending on the condition of vehicles inducted into the program.
The Reset Program, administered by TACOM Life Cycle Management Command, is designed to reverse the effects of combat stress on ASVs while also giving the Army, if desired, the ability to apply vehicle survivability, safety and mobility enhancements. The program's objective is to return these ASVs to fully mission-capable, combat-ready assets, regardless of their current condition. Work will be performed at Textron Marine & Land Systems in New Orleans.
There are two one-year contract options--option year one includes work on an additional 225 vehicles, and option year two involves work on another 167 ASVs. If both options are exercised, reset activities could continue through August 2014.
In 2008, Textron Marine & Land Systems, in collaboration with Red River Army Depot, executed a six vehicle ASV reset pilot program for TACOM. In 2010, Textron successfully refurbished an additional 12 ASVs.
"We value the trust our Army customer has in our team to apply its knowledge and experience in getting these ASVs back into the hands of our Soldiers as quickly and efficiently as possible," said Textron Marine & Land Systems Senior Vice President and General Manager Tom Walmsley.
"As the result of our initial ASV reset work, we've developed a comprehensive set of procedures, tooling and test equipment for M1117 vehicles. These resources, together with personnel uniquely qualified to apply lessons learned from ASV production and reset efforts, decreases execution risk, and reduces overall program costs for the Army," added Walmsley.
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