Textron To Build Another 423 ASVs

Marine & Land Systems unit of Textron has agreed to build another 423 armored security vehicles for the U.S. Army for $461 million.

NEW ORLEANS (AP) -- Textron Marine & Land Systems has agreed to build another 423 armored security vehicles for the U.S. Army.

The Textron Inc. unit says the value of the contract is $461 million. The vehicles will be built at Textron's plant in New Orleans. The contract includes an option to buy up to 272 more vehicles at a price of up to $239 million.

The Army earlier purchased 256 of the vehicles from Textron.

The vehicles ate in the ASV family, which are used in scouting, personnel transport, reconnaissance, convoy protection and perimeter security.

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