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Textron Wins $58.5 Million Army Contract



By AP
27 March 2008 @ 12:37 pm EST

WASHINGTON - A unit of Textron Inc. has won a $58.5 million contract to supply 82 armored security vehicles to the Army, the Defense Department said late Wednesday.

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Textron Marine & Land Systems, which will manufacture the vehicles, is a unit of the Textron Systems unit of Textron Inc.

Shares of Textron, based in Providence, R.I., fell 55 cents to $55.12 in Thursday afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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