Textron Awarded Contract Modification for New Armored Security Vehicle Variant

U.S. Army Looks to New ASV "Armored Knight" for Combat Missions (New Orleans, LA, October 17, 2006) -- Textron Marine & Land, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, has been awarded a contract modification by the U.S. Army Tank-Automotive & Armaments Command (TACOM) to manufacture 64 Armored Security Vehicles (ASV) for a new configuration called the M707 Armored Knight. Approximately $35 million or 75 percent of the contract value has been awarded, pending final contract negotiations. The Armored Knight is the ASV equipped with a sensor package that is used to locate and designate targets for indirect fire and laser guided weapons. The newly configured ASV will be used by Field Artillery Combat Observation and Lasing Teams (COLT) to carry out these missions. Clay Moise, vice president of business development, Textron Marine & Land said, "The ASV is perfect for this mission. It's a light, agile wheeled combat vehicle with 360 degree armor protection against small arms fire, can withstand anti-tank land mines under any wheel and artillery burst fragments overhead." "We're excited to be chosen to produce another variant of the ASV to provide even more protection to our soldiers," said Tom Walmsley, general manager of Textron Marine & Land. "The Armored Knight is the only system in production with target accuracy equivalent to the delivery accuracies of today's precision-guided munitions, such as JDAM and Excalibur," Moise added. The ASV vehicle will be provided to DRS Technologies, prime contractor for the Armored Knight and responsible for the integration of the sensor and Mission Equipment Package. The total requirement for the program has been listed at 345 vehicles. More than 450 ASVs have been deployed in the Global War on Terrorism in support of convoy protection and other combat missions. TM&L has delivered more than 535 vehicles to date. About the ASV The ASV is a 4X4 wheeled armored vehicle that offers exceptional crew protection through the employment of multiple layers of armor that provides defense against small arms fire, artillery projectile fragments, and land mines. This advanced armor is exceedingly lightweight and allows the vehicle to be able to "roll-on/roll-off" C-130 military transport aircraft. The ASV possesses superior mobility, agility, handling, and ride quality through the utilization of a four-wheel independent suspension system. Textron Marine & Land has equipped the U.S. Army Military Police version with a specially designed dual-weapon station that, unlike many other vehicles, enables the crew to load, reload and clear gun jams under full armor protection. With minor modifications and appropriate outfitting, ASV variants include operation as a scout vehicle, infantry personnel carrier, reconnaissance, command and recovery vehicle.

Source: Textron
Date: Oct 17, 2006