Textron Inc.’s (TXT) subsidiary Textron Systems has been awarded a U.S. Army contract for software development, training and support for the future intelligence framework. This Distributed Common Ground System-Army (DCGS-A) Indefinite Delivery/Indefinite Quantity (IDIQ) contract has been awarded by the U.S. Army Intelligence, Electronic Warfare & Sensors (IEW&S) Program Executive Office (PEO) for a maximum amount of $48.5 million over a period of five years.
 
Textron Systems’ operating unit Overwatch will supervise work on the contract. Overwatch is the leading provider of integrated intelligence software solutions and services as well as robust satellite communications systems for defense and intelligence communities.
 
Textron Systems Corporation provides unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustainment services. Other operating units of Textron Systems are AAI Corporation, Lycoming Engines, Textron Defense Systems and Textron Marine & Land Systems.
 
Textron Inc has a global network of aircraft, defense, industrial and finance businesses that provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee and Textron Systems.
 
Textron’s future success in the competitive defense industry depends upon its ability to develop and market its defense-related products and services to the U.S. Government, as well as its ability to provide people, technologies, facilities, equipment and financial capacity needed to deliver those products and services at maximum efficiency. The company competes with Tyco International Ltd. (TYC), Danaher Corporation (DHR) and ITT Corporation (ITT).
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