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January 1, 2013
14:36 EDTTXTTextron:4.5% convertible senior notes due '13 convertible at holders discretion
Textron announced today that its 4.5% Convertible Senior Notes due 2013 will be convertible at the option of the holders through March 31, 2013. The Notes will be convertible because Textronís common stock price exceeded the conversion threshold price of $17.06 per share (130 percent of the applicable conversion price of $13.125 per share) for at least 20 trading days during the 30 consecutive trading days ending December 31. As a result, during the first calendar quarter, holders of the Notes may elect to convert some or all of their Notes. Pursuant to the terms of the Indenture, the Notes will remain convertible through April 29, 2013, the second trading day preceding their May 1, 2013 maturity date. The Company may deliver shares of common stock, cash or a combination of cash and shares of common stock in satisfaction of its obligations upon conversion of the Notes.
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October 5, 2015
14:43 EDTTXTTextron Systems awarded $17.4M contract from U.S. Army
Textron Systems Marine & Land Systems, a Textron business, announced it has been awarded a $17.4M Interim Contractor Training Support contract from the United States Army Tank-Automotive and Armaments Command to provide next-level training to the Afghan National Army for its four-wheeled Mobile Strike Force Vehicles. The contract has a 12 month period of performance. 621 MSFVs, based on Textron Systems' COMMANDO Select armored vehicle line, have been delivered to the Afghan National Army since 2012, with over 550 of these vehicles actively engaged in security operations in strategic locations across the country. The ICTS contract calls for the Textron Systems in-country team to provide on-the-job training and mentorship, enabling ANA personnel to perform detailed maintenance and repair actions to sustain its MSFV inventory. In addition to OJT vehicle repair and maintenance training, Textron Systems will continue mentoring and training the ANA on inventory and supply system activities, as well as developing and delivering program instruction manuals.
September 28, 2015
14:18 EDTTXTTextron business awarded $56.2M contract from U.S. Army
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