AAI Corporation (TXT) Awarded U.S. Army Contract Valued at Up To $31.1 Million
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AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced that its family of Training Aids, Devices, Simulators, and Simulations (TADSS) has been selected to support training for Army National Guard units operating the RQ-7B Shadow Tactical Unmanned Aircraft Systems (TUAS).
Awarded by the U.S. Army's Program Executive Office for Simulation, Training, and Instrumentation in Orlando, Fla., the initial order, valued at $11.9 million, includes 25 high fidelity Shadow Crew Trainers (SCT) and interactive multimedia instruction. Including four option years, the contract has a total potential value of $31.1 million.
Textron Inc. is a multi-industry company that operates in 34 countries. The Company operates its business through four operating segments. Three of the Company’s operating segments represent its manufacturing businesses: Bell, Cessna and Industrial. The fourth segment consists of its Finance business.[SM]
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