Home / M&A Activity / Textron Completes Howe & Howe Purchase; Lisa Atherton Quoted

Textron Completes Howe & Howe Purchase; Lisa Atherton Quoted

Lisa Atherton

Textron (NYSE: TXT) closed its acquisition of Waterboro, Maine-based robotic ground vehicle maker Howe & Howe Technologies on Dec. 17, Defense News reported Thursday.

Textron announced its intent to buy Howe & Howe in October 2018 in a push to expand its autonomous technology offerings across land, air and maritime domains.

Lisa Atherton, president and CEO of Textron Systems, said she aims to bring investments to Howe & Howe to help the company further develop its existing products and begin work on new platforms.

According to the report, Howe & Howe proposed its RS2-H1 robot for the U.S. Army’s Squad Multipurpose Equipment Transport development contract.

Atherton told the publication she considers the SMET contract as one of the four programs she expects Textron to secure in 2019.

Check Also

MC Dean Wins Potential $98M Navy IDIQ to Build Electronic Security, Emergency Mgmt Systems

M.C. Dean has secured a potential six-year, $98M contract to provide electronic security and emergency management systems for installation on shore facilities operated by the Department of Defense and U.S. federal government.

BGOV: Lockheed F-16, Raytheon Missile Tech In Demand Among Fiscal 2019 FMS Clients

The Raytheon-built (NYSE: RTN) AIM-120C-7 medium air-to-air missile and the F-16 fighter jet from Lockheed Martin (NYSE: LMT) were the most popular weapon systems the U.S. sold to allies in fiscal year 2019 through the foreign military sales program, Bloomberg Government reported Wednesday.