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press release

Textron Systems Delivers First TAPV to the Canadian Army

August 19, 2016
Improved Shadow® Tactical Unmanned Aircraft
Systems
Air
Land

NEW ORLEANS, LA – AUGUST 19, 2016 – Textron Systems Canada Inc., a Textron Inc. (NYSE: TXT) company, announced today the delivery of the first Tactical Armoured Patrol Vehicle (TAPV) to the Canadian Army. The Canadian Army is fielding the first vehicles to the 5th Canadian Division Support Base Gagetown and the 2nd Canadian Division Support Base Valcartier.

The TAPV is a 4x4 wheeled armoured vehicle specifically engineered and designed to provide survivability, mobility and versatility over the full spectrum of operations. The comprehensive, modern design is aimed at shielding troops from ballistics and roadside blasts while providing large power reserves for future electronics enhancements, with an ergonomically designed interior for optimum comfort and payload.

“We believe the TAPV is the most mobile, survivable and reliable armoured vehicle in the world today,” said Textron Systems Vice President of Land Systems Richard Valenti. “We are excited to start these deliveries to the Canadian Army and support the program through operational capability and beyond.”

In April 2016, the TAPV completed a very rigorous Reliability, Availability, Maintainability and Durability (RAMD) test program during which it faced multiple operational tests, including driving more than 130,000 kilometers on challenging terrain representing operational profiles prescribed by the Canadian Army. The TAPV’s RAMD testing also included firing the remote weapons station and conducting more than 4,700 hours of remote weapons station usage, including 1,650 hours of silent watch operations. Testing was conducted over three months, day and night, six days per week. The final results showed that the TAPV exceeded the reliability and maintainability requirements of the contract.

Textron Systems plans to deliver at least 30 vehicles per month to the Canadian Army with all 500 vehicles scheduled to be delivered by December 2017. The fleet will be distributed across seven bases. The Canadian Army expects to declare full operational capability by mid-2020.

About Textron Systems

Textron Systems’ businesses develop and integrate products, services and support for aerospace and defense customers, as well as civil and commercial customers including those in law enforcement, security, border patrol and critical infrastructure protection around the globe. Harnessing agility and a broad base of expertise, Textron Systems’ innovative businesses design, manufacture, field and support comprehensive solutions that expand customer capabilities and deliver value. Textron Systems consists of its Advanced Information Solutions, Electronic Systems, Geospatial Solutions, Lycoming Engines, Marine & Land Systems, Support Solutions, TRU Simulation + Training, Unmanned Systems and Weapon & Sensor Systems businesses. 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, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Bad Boy Off Road and Textron Systems. For more information, visit www.textron.com.

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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 our ability to perform as anticipated and to control costs under the contract as expected; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; and performance issues with key suppliers or subcontractors.