Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (TXT) company, and Granite Tactical Vehicles Inc., has won a contract to deliver three upgraded High Mobility Multipurpose Wheeled Vehicles (HMMWVs) to the U.S. Marine Corps Warfighting Lab for testing.

The three upgraded HMMWVs are scheduled for delivery in Mar 2010 for mobility, thermal and durability performance testing. Textron Marine & Land Systems and Granite Tactical Vehicles have teamed up to develop affordable, lightweight, crew survivability solutions for light tactical vehicles.

Granite’s innovations in survivable and mobile light armored vehicles are being combined with Textron Marine & Land Systems’ engineering and lean process manufacturing expertise to provide a valuable near-term solution for warfighters.

Textron Marine & Land Systems has been manufacturing the Armored Security Vehicle (ASV) for the U.S. Army since 2004, and has delivered over 2,400 units. The ASV has maintained exceptional operational readiness and combat availability rates as these vehicles log more than 30,000 miles per year in Iraq and Afghanistan.

Textron Systems provides unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustenance services. Other operating units of Textron Systems are AAI Corporation, Lycoming Engines, Textron Defense Systems and Textron Marine & Land Systems.

Textron Inc. has a global network of aircraft, defense, industrial and finance businesses that provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.

Textron’s future success in the competitive defense industry depends upon its ability to develop and market its defense-related products and services to the U.S. Government, as well as its ability to provide people, technologies, facilities, equipment and financial capacity needed to deliver those products and services at maximum efficiency. The company competes with Tyco International Ltd. (TYC), Danaher Corp. (DHR), and ITT Corp. (ITT).

Zacks Investment Research

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