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Search Results for: Textron

Textron to Buy Howe & Howe in Autonomous Vehicle Market Push; Lisa Atherton Quoted

Textron (NYSE: TXT) is acquiring Waterboro, Maine-based robotic ground vehicle manufacturer Howe & Howe Technologies for an undisclosed sum in a move to expand autonomous technology offerings across land, sea and air domains. The industrial conglomerate said Thursday Howe & Howe’s vehicles and applications will complement its portfolio of unmanned platforms, control systems …

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Textron’s Bell Subsidiary Gets $97M in Navy V-22 Assembly Parts Orders

The Defense Logistics Agency has awarded Textron’s (NYSE: TXT) Bell subsidiary a pair of delivery orders worth up to $96.7M to provide right and left hand aircraft assembly parts for the proprotor gearboxes of the U.S. Navy’s V-22 Osprey fleet. Each order is valued at $48.4M and work will take place in Texas through April …

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Textron Subsidiary to Produce More Attack Helicopters for Marines Under $510M Contract Modification

The U.S. Navy has awarded Textron’s (NYSE: TXT) Bell Helicopter subsidiary a $509.8M contract modification to produce and deliver 29 twin-engine attack helicopters as part of the U.S. Marine Corps’ H-1 modernization effort. Bell Helicopter will provide lot 15 AH-1Z new build aircraft, as well as obtain long-lead items and components …

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Textron’s AAI Subsidiary to Continue SOCOM UAS ISR Services Under $120M IDIQ

AAI, a subsidiary of Textron (NYSE: TXT) subsidiary, has received a potential $120 million contract to continue providing intelligence, surveillance and reconnaissance support for the  U.S. Special Operations Command‘s mid-endurance unmanned aircraft systems. SOCOM awarded the sole-source contract for AAI to provide worldwide support until all of the command’s operational sites complete transition to …

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Textron Vet Brian Sinkiewicz Joins Elbit Systems’ US Arm as Airborne Solutions SVP

Brian Sinkiewicz, former senior vice president and general manager of Textron Systems‘  (NYSE: TXT) weapon and sensor systems business, has been named SVP of airborne solutions at Elbit Systems‘ U.S. subsidiary. He will oversee performance, customer engagement and growth efforts for Elbit Systems of America‘s portfolio of airborne products designed for U.S. and international defense …

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Textron Systems to Build Strike Force Vehicles for Army Under $333M Contract

A business unit of Textron Systems (NYSE: TXT) has received a potential seven-year, $332.9 million contract to manufacture 255 mobile strike force vehicles for the U.S. Army. Textron’s marine and land systems business will also provide fielding hardware to the service branch and deploy field representatives to support deprocessing of systems, the Defense Department said Wednesday. …

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USAF Adds Textron Subsidiary, General Atomics to $499M Aerospace Vehicle R&D IDIQ

A Textron Systems (NYSE: TXT) subsidiary and a General Atomics business unit have won spots on a potential eight-year, $499 million contract to help the U.S. Air Force research and develop aerospace vehicle platforms for warfighters. AAI Corp. and General Atomics Aeronautical Systems will perform work at their respective facilities in Maryland …

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Lisa Atherton Succeeds Ellen Lord as Textron Systems President, CEO

Lisa Atherton, formerly executive vice president of military business at Textron‘s (NYSE: TXT) Bell Helicopter subsidiary, has been appointed president and CEO of Textron Systems. She replaces Ellen Lord, who will be nominated by President Donald Trump as undersecretary of defense for acquisition, technology and logistics, Textron said Wednesday. “Lisa …

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USSOCOM Awards $475M UAS ISR Contract Spots to Boeing, Textron Subsidiaries

Subsidiaries of Boeing (NYSE: BA) and Textron (NYSE: TXT) have landed spots under a potential five-year, $475 million contract that covers mid-endurance unmanned aircraft system intelligence, surveillance and reconnaissance services to the U.S. Special Operations Command. The Defense Department said Wednesday that Boeing’s Insitu business and Textron’s AAI Corp. subsidiary will vie for task orders under the multiple-award, indefinite-delivery/indefinite-quantity …

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May 11 Market Close: GovCon Index Down, Rumors of a Possible Textron Acquisition

The Executive Mosaic GovCon Index posted minor losses to close down 0.011 percent to 93.282 with advancers and decliners split evenly. Textron topped of the GovCon Index board gaining 3.60 per cent on rumors of a possible acquisition by Lockheed Martin hit the streets. U.S. major markets closed down as the Bloomberg Consumer …

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