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HUNT VALLEY, Maryland, March 12, 2008 — AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that its wholly owned subsidiary, AAI Services, has been awarded a $12.6 million contract by The Boeing Company to provide an additional landing gear trainer in support of U.S. Air Force F-22 Raptor combat aircraft. Boeing, a primary member of the F-22 manufacturing team, is responsible for training systems for the aircraft program.
The work will be performed at AAI Services Charleston, South Carolina, facility. The landing gear trainer is scheduled for delivery to Sheppard Air Force Base in Wichita Falls, Texas, in the fourth quarter of 2009.
Including this new award, the company has received orders to build or modify a total of six F-22 Raptor trainers for Sheppard Air Force Base. To date, a modified aft fuselage trainer has been delivered. One modified armament trainer has been delivered as well, and a new build is currently underway. AAI has also delivered one of two new landing gear trainers, and will modify an existing trainer.
AAI’s F-22 trainers are high-fidelity maintenance training simulators that will be used by U.S. Air Force technicians to develop apprentice-level certification skills for maintaining critical components and systems. The trainers interface with the same electronic maintenance tools that are used on the aircraft, providing high quality training.
“AAI has a rich history of supporting the U.S. Air Force with leading-edge training and simulation systems and services,” said Fred Strader, president of AAI Corporation. “In fact, we have provided C-17 Globemaster III trainers to the Air Force for more than a decade. It is an established area of success for our South Carolina Training and Simulation Center, and we are proud to leverage this depth of knowledge on behalf of the F-22 Raptor program.”
About AAI
AAI Corporation designs, produces, and supports aerospace and defense systems through its direct and indirect wholly owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd, ESL Defence Limited, and Symtx, Inc. Its high-technology products and services include unmanned aircraft systems, training and simulation systems, automated aerospace test and maintenance equipment, armament systems, aviation ground support equipment, and logistical, engineering, and supply chain services. AAI Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.aaicorp.com.
About Textron Systems
Textron Systems Corporation (Textron Systems) has been providing innovative solutions to the defense, homeland security and aerospace communities for over 50 years. Known for its precision smart weapons, intelligent battlefield systems, surveillance systems, intelligence software solutions, aircraft control components, piston engines, armored vehicles and unmanned aircraft systems, Textron Systems includes AAI, HR Textron, Lycoming Engines, Overwatch Tactical Operations, Overwatch Geospatial Operations, Textron Defense Systems, and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.textronsystems.com.
About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, 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 Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.|
Except for the historical information contained herein, information set forth in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and variations of such words and similar expressions that indicate future events and trends are intended to identify such forward-looking statements, which include, but are not limited to, projections of revenues, earnings, segment performance, cash flows, and contract awards. These forward-looking statements are subject to risks and uncertainties, which could cause the company’s actual results or performance to differ materially from those expressed or implied in such statements. The company makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date hereof that may affect the accuracy of any forward-looking statement. For additional information about the company and its various risk factors, please see the company’s most recent annual report on Form 10-K and other documents as filed with the Securities and Exchange Commission.
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