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May 14, 2014
08:10 EDTTXTTextron awarded $5.7M contract from U.S. Army
Textron Systems Unmanned Systems, a business of the Textron Systems segment of Textron, through its Light Armaments team, announced today a $5.7M contract from the Defense Ordnance Technology Consortium and the U.S. Army's Armament Research, Development and Engineering Center for continued development of lightweight, Cased-Telescoped, or CT, weapons and ammunition. Under this two-year award, the team will develop a CT carbine, as well as 7.62 CT ammunition and a machine gun operating mechanism. The CT ammunition utilizes a plastic casing to reduce weight significantly versus conventional ammunition while maintaining performance.
News For TXT From The Last 14 Days
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January 13, 2015
14:23 EDTTXTTextron specialized vehicles acquires Douglas Equipment
The Textron Specialized Vehicles group of Textron (TXT), through Textron Ground Support Equipment UK Limited, has acquired the Douglas Equipment business from Curtiss-Wright Flow Control Limited, a subsidiary of Curtiss-Wright Corporation (CW). Douglas Equipment is a manufacturer of ground support equipment in the aviation industry, based in Cheltenham, England, UK. Going forward, Douglas Equipment will operate as part of Textron Specialized Vehicles’ companies’ GSE business, which also includes TUG Technologies Corp., a leading manufacturer of ground support equipment based in Kennesaw, Ga. Douglas Equipment is a strong fit for the Textron Specialized Vehicles group, as Douglas’ specialization in towbarless and conventional aircraft tractors and runway friction measurement systems complements TUG Technologies’ leadership in baggage and tow tractors, pushbacks, belt loaders, ground power units, air-starts, and mobile HVAC units. Douglas will continue to operate from its UK facilities in Cheltenham and Poyle, United Kingdom with its workforce of more than 90 employees intact. The Douglas brand will join the Textron Specialized Vehicles companies’ stable of brands alongside TUG, E-Z-GO, Cushman, and Bad Boy Buggies.
14:02 EDTTXTCurtiss-Wright sells assets of Douglas Equipment unit to Textron
Curtiss-Wright (CW) announced that it has sold the assets of its Douglas Equipment business, which is a supplier of commercial aviation ground support vehicles, to a subsidiary of Textron (TXT). "This transaction aligns with our stated objective to divest non-core operations as part of our previously outlined operating margin improvement initiatives. Furthermore, it enables us to focus on our core commercial aerospace businesses, while also providing a better strategic fit for Douglas' product portfolio. Overall, this supports our long-term goals of significant free cash flow generation and operating margin expansion," said David Adams, Chairman and CEO of Curtiss-Wright.

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