ASVs for Bulgaria

"Textron Marine & Land Systems (TM&LS), an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, has signed a contract to sell seven (7) M1117 Armored Security Vehicles to the Bulgarian Ministry of Defense. The contract, valued at approximately $10.2 million USD, includes the anticipated delivery of the vehicles in the first quarter of 2008.

"We are happy to offer the safety, efficiency and reliability of the ASV to Bulgaria and its effort to support peace operations in Afghanistan," said Textron Marine & Land Systems General Manager Tom Walmsley. "We will be shipping these ASVs as soon as we complete the United States export requirements that are well underway. Six of the seven will be going directly to the Bulgarian troops in Afghanistan through the Ministry of Defense."

The contract with Bulgaria includes two years of technical support on the vehicles, as well as a framework contract which allows the Ministry of Defense to purchase additional ASVs in the M1117 base configuration, or variants with modifications needed to carry out various missions."

Source: Press Release

Photo: Textron