Textron Awarded $354M to Supply Army Anti-Tank Munitions

A Textron (NYSE: TXT) business segment will manufacture anti-tank munition systems and spare parts for the U.S. Army under a five-year, $354 million contract.

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Textron Systems will deliver XM204 top attack trainers and XM98 wide area target munitions to the service branch, the Department of Defense said Thursday.

Army Contracting Command received one bid for the firm-fixed-price contract through an online solicitation.

The XM204 is designed to help U.S. soldiers set up obstacles to deter tracked vehicles in open terrain and is equipped with a ruggedized module that works to launch sub-munitions to engage near-peer adversary platforms.

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