Wilmington, MA – February 16, 2006 – Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has been awarded a contract by U.S. Army Space and Missile Defense Command/Army Forces Strategic Command to develop and demonstrate high-power solid-state laser technology for use in U.S. military applications. The contract supports the Joint Technology Office's Joint High Power Solid State Laser Program (J-HPSSL) Phase III activity to develop a laboratory-demonstrated 100 kW solid-state laser within a three-year period.
The initial contract, signed on December 22, 2005, currently is valued at $10M. In addition to this contract, there are three separately priced options. If exercised, these options will increase the contract value to $30M.
The contract is funded by the Joint Technology Office, an arm of the U.S. Department of Defense that functions as the DoD's advocate for High Energy Laser (HEL) technology development and funds high priority science and technology activities supporting future HEL weapon requirements. The goal of the J-HPSSL program is to demonstrate integration of scaleable subsystem technologies at the laboratory level into a 100 kW-Class solid-state laser system for use on a variety of military platforms.
Jim Stamboni, senior vice president, Textron Systems, Advanced Solutions Center, said, "We are extraordinarily proud to have the opportunity to further develop next-generation laser technologies for the U.S. Department of Defense. Our laser systems have consistently surpassed many technical milestones, while remaining compact, scaleable, and affordable. In addition, these systems promise to provide the warfighter with enhanced capability in terms of shorter engagement timelines, high-precision targeting combined with long reach, while inflicting low collateral damage."
Textron Systems has been a pioneer and technology leader in high power laser research and development for nearly a half-century. The work that began during the sixties, seventies and eighties at the former Avco Everett Research Laboratory focused on weapon-class gas laser development and demonstrated many well-known landmark laser devices. During the nineties and ongoing today, Textron Systems has been building on that heritage by focusing on the development of breakthrough solid-state laser concepts to provide the warfighter with compact, affordable, and rugged Directed Energy Weapon (DEW) systems capable of withstanding the most severe operational and environmental battlefield conditions.
Textron Systems Corporation, an operating division of Textron subsidiary Avco Corporation, provides innovative technology solutions to meet the needs of the global aerospace and defense industries. The company supports military precision engagement and dominant maneuver with strike weapons, mobility and surveillance systems. The Textron name is well known in the areas of advanced weapons, surveillance systems, aircraft control components, specialty marine craft and armored vehicles. More information is available at www.systems.textron.com.
Textron Inc. is a $10 billion multi-industry company with 46,000 employees operating in 36 countries. The company leverages its global network of aircraft, 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com .
Forward-looking Information: This release contains forward-looking statements regarding a U.S. Government contract awarded to Textron Systems, the value of this contract and products being developed by Textron Systems. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: [a] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [b] the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; [c] changes in national or international funding priorities and government policies on the export and import of military and commercial products and [d] the efficacy of research and development investments to develop new products.