Army Awards DCGS Support Contract

January 27, 2010 by Matthew Potter · 1 Comment
Filed under: Business Line, Companies, Contract Awards, Events, IT, Raytheon, Services, States, Texas, Textron, U.S. Army, development program, logistics, production program

Overwatch an operating unit of Textron Inc. (TXT) was awarded a contract by the U.S. Army to support the Distributed Common Ground System (DCGS)-Army system. DCGS is a product of Raytheon (RTN) that allows the distribution of a variety of intelligence material. The DCGS-Army as it sounds is the system in use by the Army at their ground facilities to support their operations.

Overwatch received a contract that will be worth over $48 million if all options are exercised to provide software development and training. The software is used to develop and support applications on the DCGS. Overwatch has been doing this kind of work for U.S. and other countries military since the early 1990. It was acquired by Textron in 2006.

Tags: common ground, dcgs, intelligence, Raytheon, rtn, software development, Textron, textron inc, u s army

Textron Sells Armored Vehicles To Columbia

December 9, 2009 by Matthew Potter · 1 Comment
Filed under: Business Line, Colombia, Companies, Contract Awards, Countries, Events, Textron, production program

The South American nation of Columbia has been involved in fighting drug lords and Communist rebels for several years. The United States Government has provided aid and assistance for several years. This includes advanced military hardware such as UH-60 Black Hawk helicopters. Yesterday it was announced that under Foreign Military Sales (FMS) Columbia will be buying thirty-nine armored vehicles from Textron Marine and Land Systems.

The contract for the vehicles to carry personnel and weapons will be worth about $45 million. These vehicles have been used by the U.S. military in Iraq and Afghanistan and should provide a useful capability to the Colombian military.

Tags: armored vehicles, black hawk, communist rebels, drug lords, foreign military sales, hawk helicopters, military hardware, south american nation, Textron, textron marine and land systems

Textron’s Earnings Reflect The Market

October 28, 2009 by Matthew Potter · Comment
Filed under: Bell, Business Line, Companies, Earnings, Events, Military Aviation, Textron, commercial aviation, logistics, production program

Textron reported their third quarter earnings yesterday. They did beat expectations by not having a loss but had a profit of about 1 cent a share. This was a decline of ninety-eight percent from the year before. Despite all this the company is confident they will make a profit for a year and earnings would be as predicted.

Textron decline is caused by financial products and their civil air division. Sales of Cessna aircraft a luxury item right now were down a lot. The company has been reducing their participation in the financial sector due to the general downturn there. Despite Bell Helicopter’s struggles with the Armed Reconnaissance Helicopter (ARH) the military part of the company saw some growth.

There have been previous reports that Textron might sell Bell or other parts as it reorganizes to face the current economic downturn but so far that has not happened. As with everyone the company will have to wait and see how the economy recovers and what growth occurs.

Tags: armed reconnaissance helicopter, bell helicopter, cessna aircraft, decline, downturn, economic downturn, financial sector, ninety eight, participation, quarter earnings, Textron

Textron combines units for intel solutions

August 12, 2009 by admin · Comment
Filed under: Syndicated Industry News

WILMINGTON, Mass., Aug. 12 (UPI) -- U.S. company Textron Systems has combined two of its operating units in a move to address evolving U.S. defense and intelligence requirements.

Tags: intelligence requirements, Textron, textron systems, u s company, upi

Textron to Sell Unit to Raise Cash

February 28, 2009 by Matthew Potter · Comment
Filed under: Acquisitions, Business Line, Events, Federal Budget Process, Military Aviation, Woodward Governor, commercial aviation, production program

Textron Incorporated has been struggling of late due to downturns in the business jet market and the cancellation of the RH-70 Armed Reconnaissance Helicopter (ARH) contract that its component, Bell, was developing. Earlier this month Forbes reported that the company was looking at possibly selling portions of itself to keep cash flow going. At that time the discussion was about its finance business, but now CNNMoney.com writes that Textron agreed to sell its aircraft control and fuel management development and manufacturing group, HR Textron. This group will be purchased by Woodward Governor for about $365 million. This is to help that company expand its business in the airframes systems market. As there continue to be changes in the defense budget there will be more fallout among the defense industry. The Nineties saw significant mergers and contractions and that is certainly possible in the future as the U.S. military purchases less-and-less big ticket systems.

Tags: aircraft control, airframes, armed reconnaissance helicopter, business jet market, contractions, defense budget, fallout, finance business, fuel management, group hr, hr textron, management development, manufacturing group, mergers, military purchases, nineties, Textron, textron incorporated, ticket systems, woodward governor

Textron unit wins contract for test equipment

May 22, 2008 by Matthew Potter · Comment
Filed under: AAI Corporation, Contract Awards, IT, Military Aviation, Textron, U.S. Air Force, production program

AAI Corporation, an unit of Textron, won a contract form the USAF to build Joint Service Electronic Combat Systems Tester (JSECST) systems. See an article here. These will be used to test the electronic warfare equipment and avionics on various US aircraft. Since they are joint they will be used by USAF, Navy, USMC and Army aircraft. Even helicopters are starting to carry more sophisticated electronic and infra-red countermeasures as the threat has got more complicated. The contract is worth up to $67 M if all options are exercised. Sophisticated electronic systems require expensive test equipment to support their operations. The JSECST has been in production for several years and is used by the US and some allies.

Tags: Add new tag, allies, army aircraft, avionics, combat systems, countermeasures, electronic combat, electronic warfare, helicopters, sophisticated electronic systems, test equipment, Textron, usaf, usaf navy, usmc

AAI’s ESL Defence Ltd. Sells 500th Baringa Missile Warning System Test Set

March 10, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News

HUNT VALLEY, Md.--(BUSINESS WIRE)--AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that its United Kingdom (U.K.) based strategic business ESL Defence Ltd. has sold its 500th Baringa Missile Warning System Test Set. This milestone occurred with a sale to the U.K. Ministry of Defence — also the first customer to purchase a Baringa — which utilizes the Baringa system to support its operations worldwide. Baringa test sets are us

Tags: business esl, hunt valley md, md business, ministry of defence, system test, test sets, Textron, textron inc, textron systems, warning system

Textron Renews Convergys HR Solutions Contract

March 10, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News

CINCINNATI & PROVIDENCE, R.I.--(BUSINESS WIRE)--Convergys Corporation (NYSE: CVG), a global leader in relationship management, today announced that Textron (NYSE: TXT), a multi-industry company with a global network of aircraft, defense, industrial, and financial businesses, has renewed its human resources management contract with Convergys. The five-year agreement extends through 2014. Convergys will continue to provide HR and payroll administration services, including data entry, for nearly 37

Tags: administration services, convergys, financial businesses, global leader, global network, human resources management, management contract, payroll administration, relationship management, Textron

Overwatch Awarded DCGS-A Software Development Contract

March 10, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News

AUSTIN, Texas--(BUSINESS WIRE)--Overwatch, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has been awarded a U.S. Army contract for software development, training and support for the future intelligence framework. This Distributed Common Ground System-Army (DCGS-A) Indefinite Delivery/Indefinite Quantity (IDIQ) contract has been awarded through the U.S. Army Intelligence, Electronic Warfare & Sensors (IEW&S) Program Executive Office (PEO

Tags: army contract, army intelligence, electronic warfare, indefinite delivery indefinite quantity, program executive office, software development training, Textron, textron inc, textron systems, u s army

USMC Awards Textron Marine & Land Systems and Granite Tactical Vehicles Team Contract for Upgraded HMMWV Test Vehicles

March 10, 2010 by Business Wire Defense: Contracts News · Comment
Filed under: Syndicated Industry News

NEW ORLEANS & MOUNT AIRY, N.C.--(BUSINESS WIRE)--Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, and Granite Tactical Vehicles Inc., announced today the receipt of a contract to deliver three upgraded High Mobility Multipurpose Wheeled Vehicles (HMMWVs) to the United State Marine Corps Warfighting Lab for testing. The three upgraded HMMWVs in M1114, M1151-A1/REVB and M1165 configurations are scheduled to be delivered in March 2010 for