Boston, MA 10/14/2014 (wallstreetpr) – According to reports, Bulgaria National Military Forces have decided to acquire ten additional four-wheeled commando armored vehicles of Textron Inc. (NYSE:TXT). The announcement was made by TXT itself saying that it had agreed to enter into a sales contract with U.S. Army Contracting Command, Warren, Mich. Bulgaria National Military Forces and TXT have finalized the armored vehicle deal in $15.22 billion. Apart from the ten armored vehicles, TXT will also offer technical and hardware services to Bulgaria National Military Forces. As per the information, a major reason behind deployment of these additional vehicles is nothing but help of International Security Assistance Force in Afghanistan.
Insights of the deal:
Work will be done in Hunt Valley, Md. Slidell, La. and Afghanistan areas. If everything goes as per plans, then all the vehicles will be delivered in 1Q2015. All the activities of this contract are expected to take place by June 30, 2015. Textron Inc. (NYSE:TXT) will deliver three commando selected variants, which will comprise of .50 cal machine guns and co-axially mounted 40mm Mk-19m, control variant with turret and a commando. Apart from these things, the new commando vehicles will also be equipped with an ambulance variant, which will be used for rescuing patients. All the C2 vehicles are integrated with Remote Video Terminal technology of TXT and capable of performing real-time situational awareness from a wide range of sources and systems. TXT is known for offering world-class services to clients that are spread across the globe.
In order to aware people about its technology and expertise, Textron Inc. (NYSE:TXT) has also decided to exhibit a Commando Select armored vehicle with 40/50 turrets. As per the information, it will be put at booth 6515 during the AUSA 2014 Annual Meeting & Exposition. Scheduled dates for this exhibition are October 13-15, 2014 in Washington, DC. People can visit the booth and know more about Commando Select armored vehicle.
