Search Results for: textron

Army to Award Robotic Combat Vehicle OTAs to QinetiQ NA, Textron

The U.S. Army has informed the National Advanced Mobility Consortium that it will award other transaction agreements to QinetiQ North America and Textron (NYSE: TXT) to build two variants of a robotic combat vehicle.  The military service said Thursday it expects to finalize the OTAs in mid-February to procure four light RCV units from QinetiQ NA and four medium RCVs from Textron.

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Textron’s Bell Subsidiary Gets $815M Navy Contract for Helicopter Logistics Services

Bell, a subsidiary of Textron (NYSE: TXT), has secured a potential five-year, $815M contract to repair, update or replace 35 items for AH-1Z Viper and UH-1Y Venom helicopters. The company will also manage inventories, establish metrics for supply response time and provide warehousing under the performance-based logistics contract, the Department of Defense said Tuesday.

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Army Selects Martin UAV, Textron’s AAI Subsidiary for $100M Tactical Drone Contract

Martin UAV and Textron‘s (NYSE: TXT) AAI Corp. subsidiary will compete for orders to provide non-developmental tactical unmanned aerial systems to the U.S. Army under a potential three-year, $99.5M contract. Eleven bids were submitted to Army Contracting Command for the firm-fixed-price contract, which runs through March 27, 2022, the Department …

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Textron Subsidiary to Produce Lot 16 Navy Attack Helicopters Under $440M Contract Modification

Textron’s (NYSE: TXT) Bell Helicopter subsidiary has received a four-year, $439.5M contract modification to build 25 lot 16 AH-1Z twin-engine attack helicopters for the U.S. Navy. Bell Helicopter will also provide 25 stores control units as part of the modification, which exercises an option under a previously awarded fixed-price-incentive contract, the Department …

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Textron Completes Howe & Howe Purchase; Lisa Atherton Quoted

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 …

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Textron Gets $314M Modification on Navy Air Cushion Vehicle Material Procurement Contract

Textron (NYSE: TXT) will obtain additional materials needed to build landing craft air cushion vehicles under a five-year, $314.3M contract modification from the U.S. Navy. The company will use the funds to acquire long lead time components for LCAC class crafts 109 through 123 and to continue pre-fabrication work on crafts 109 …

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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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