Textron Defense Systems And USSOCOM Enter CRADA For Standoff Precision Guided Munitions

WILMINGTON, Mass., Aug. 27, 2012 (GLOBE NEWSWIRE) -- Textron Defense Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE:TXT) company, announced today that it has entered into a cooperative research and development agreement (CRADA) with the U.S. Special Operations Command (USSOCOM) Program Executive Office (PEO) Fixed Wing for development of standoff precision guided munition capability. Initial activities will focus on Textron Defense Systems' Guided Clean Area Weapon (G-CLAW), a cost-effective, lightweight, guided precision unitary weapon providing anti-personnel and anti-material capabilities, as well as features for low collateral damage and hazardous unexploded ordnance (UXO) prevention.

Under the CRADA, the organizations intend to integrate the G-CLAW into PEO Fixed Wing's common launch tube dispenser and complete the required testing to secure flight and weapons safety certifications. From there, Textron Defense Systems and USSOCOM will conduct inert and live-fire demonstrations of precision unitary munition delivery from a tactical carrier aircraft such as the MC-130W Dragon Spear. Integration activities will culminate in an end-to-end, live-fire demonstration.

"Our G-CLAW allows users to shape the attack over a broad area, and to achieve precision effects using GPS targeting and a powerful warhead," says Senior Vice President and General Manager Ellen Lord of Textron Defense Systems. "Further, it incorporates all of the safety features we've carefully designed, developed, tested and demonstrated to prevent UXO. Integrating this unitary system into the USSOCOM common launch tube could bring G-CLAW capabilities and performance to multiple new aircraft platforms for the gamut of irregular warfare missions."

Textron Defense Systems' weapons incorporate multiple, redundant safety features, including self-destruct and self-neutralization mechanisms, to eradicate the threat of UXO. The G-CLAW is designed for flexible integration into tactical munitions dispensers, as well as from unmanned aircraft platforms.

About Textron Defense Systems

Textron Defense Systems employs advanced technology and industry-leading expertise to develop and manufacture innovative product solutions including air-and ground-based smart weapons; directed energy weapons; intelligence, surveillance and reconnaissance, or ISR, systems; and vehicle protection systems. Its distinctive solutions for U.S. and allied militaries, aerospace and homeland security communities provide precision effects, intelligence-gathering capabilities and force protection. Textron Defense Systems is an operating unit of Textron Systems. More information is available at www.textrondefense.com .

About Textron Systems

Textron Systems has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Headquartered in Wilmington, Mass., the company is known for its 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 and operational services. Textron Systems includes AAI Logistics & Technical Services, AAI Test & Training, AAI Unmanned Aircraft Systems, Advanced Systems, Aerosonde, ESL Defence, Lycoming Engines, Medical Numerics, MillenWorks, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. More information is available at www.textronsystems.com .

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to 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. More information is available at www.textron.com .

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the risks related to new product development and U.S. Government contracts as described in our filings with the Securities and Exchange Commission.

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