Textron Wins Canada's Tactical Armoured Patrol Vehicle Program

Textron Systems Canada Inc., a Textron Inc. (NYSE: TXT) company, today announced that it has been selected by the Canadian government for the Canadian Forces Tactical Armoured Patrol Vehicle (TAPV) program. The contract provides that the Textron TAPV Team, led by Textron Systems Canada, together with Textron Marine & Land Systems and Rheinmetall Canada, will manufacture 500 vehicles, with an option for up to 100 more.

The TAPV contract has a value of $603.4 million CAD, excluding government sales tax/harmonized sales tax (GST/HST), with an additional five-year in-service support contract of $105.4 million CAD, excluding GST/HST. The first vehicle is scheduled to be delivered to the Canadian Army in July 2014 and the last delivery is scheduled for March 2016.

Ottawa-based Textron Systems Canada, as prime contractor, will provide overall TAPV program and configuration management, act as design authority for change management, coordinate vehicle integration activities by Canadian subcontractors, manage the In-Service Support contract, and implement the Industrial and Regional Benefits program.

"We are honoured that the Department of National Defence and Public Works and Government Services found our team and vehicle best suited to their needs for this important program,” said Textron Systems President and Chief Executive Officer Fred Strader. “The Textron TAPV will provide the men and women of the Canadian Army a fully supportable tactical armoured vehicle platform that delivers outstanding performance in the world’s most challenging environments."

Engineered over a five-year-period to meet and/or exceed Canada’s requirements, Textron’s TAPV is designed to be the most reliable and technologically advanced vehicle of its kind. It draws on the company’s more than 45 years of experience in the design and production of armoured vehicles. A technology readiness level 8 vehicle, the Textron TAPV has successfully completed extensive testing to confirm its ballistic, blast, mobility and reliability levels.

"The Textron TAPV will deliver an unmatched blend of survivability, crew protection, power, mobility and payload versatility,” explained Neil Rutter, general manager of Textron Systems Canada. “Our program team is ready to move forward to produce this modern and upgradable 4 by 4 armoured vehicle, which will serve the Canadian Army extremely well for the next 25 years.

The Canadian Textron TAPV team includes Kongsberg Protech Systems Canada (London, ON), Rheinmetall Canada (St. Jean sur Richelieu, P.Q.) and EODC - Engineering Office Deisenroth Canada (Ottawa, ON). As the program is ramped up Canadian companies including Michelin (Waterville, NS), General Kinetics (Brampton, ON), Evraz North America (Regina, SK), SED Systems (Saskatoon, SK), Ontario Drive and Gear (New Hamburg, ON), Mobile Climate Control (Vaughan, ON) and many others from across Canada are expected to figure prominently in the Textron TAPV supply chain.

Textron currently employs more than 2,200 Canadians at its Textron Systems Canada, Bell Helicopter and Kautex facilities in Canada. Textron companies have procured approximately $450 million CAD in materials over the past year from Canadian supplier companies

Source: Textron Inc. (NYSE: TXT)
Date: Jun 11, 2012