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Textron Wins Armored Vehicles, Helicopter Up-Armoring

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Textron (NYSE: TXT  ) won a pair of new defense contracts from the Pentagon on Thursday, worth a combined $39.3 million.

The larger of the two awards, worth $31.6 million to the firm's Land and Marine Systems unit, came in the form of a firm-fixed-price, Foreign Military Sales (FMS) contract to supply COMMANDO Advanced Armored Personnel Carriers to the Columbian military. Based on Textron's M1117 Armored Security Vehicle, the COMMANDO is a four-wheeled armored vehicle similar to but more heavily armed than the U.S. military's "MRAP" armored trucks.

Textron's smaller contract win of the day went to its Bell Helicopter unit, which received a $7.7 million firm-fixed-price contract to fund the purchase of long lead materials needed for low-rate initial production of A-Kits (armor packages) that the Army has ordered to outfit its Kiowa OH-58F scout helicopters.


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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9/2/2015 4:06 PM
TXT $38.58 Up +1.41 +3.79%
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