Textron Systems Acquires Crane Wireless Monitoring Solutions

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Wed Jul 7, 2010 11:57am EDT

Adds MicroObserver Unattended Ground Sensor System and VantedgePoint Remote
Monitoring System to Intelligence, Surveillance and Reconnaissance Product
Family
WILMINGTON, Mass.--(Business Wire)--
Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced that it has
acquired Crane Wireless Monitoring Solutions (WMS), a Crane Co. business. WMS is
a leading provider of wireless sensor networks for force protection, border and
base security applications, servicing the U.S. Military as well as homeland
security and commercial customers. Details of the acquisition were not
disclosed. 

Noted for its MicroObserver unattended ground sensor (UGS) system, VantedgePoint
Remote Monitoring System, and its work for the U.S. Army, U.S. Air National
Guard, U.S. Department of Energy and other customers, WMS will become part of
Textron Defense Systems, an operating unit of Textron Systems. The Richardson,
Texas-based team of approximately 25 people will be an operation within Textron
Defense Systems` Intelligence, Surveillance and Reconnaissance (ISR) business
line. 

"Since 2000, WMS has developed, tested and delivered impressive sensors that
communicate reliably over self-forming and self-healing radio networks. Their
extensive radio communications, wireless systems and signal processing expertise
complement our ISR products, including our Urban and Tactical Unattended Ground
Sensors," stated Mark Catizone, senior vice president and general manager of
Textron Defense Systems. "We see a growing market for networked sensors and
believe the addition of WMS extends our portfolio of offerings." 

About Textron Defense Systems

Textron Defense Systems employs advanced technology and industry expertise to
develop and manufacture innovative product solutions including air-and
ground-based smart weapons; directed energy weapons; intelligence, surveillance
and reconnaissance, or ISR, systems; and protection systems. Its distinctive
solutions for U.S. and allied militaries, aerospace and homeland security
communities provide precision effects, intelligence-gathering capabilities and
force protection. More information is available at www.textrondefense.com. 

About Textron Systems

Textron Systems Corporation has been providing innovative solutions to the
defense, homeland security and aerospace communities for more than 50 years.
Known for its unmanned aircraft systems, advanced marine craft, armored
vehicles, intelligent battlefield and surveillance systems, intelligence
software solutions, precision smart weapons, piston engines, test and training
systems, and total life cycle sustainment services, Textron Systems includes AAI
Corporation, Lycoming Engines, Overwatch, 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 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 Aircraft Company, Jacobsen,
Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is
available at www.textron.com. 

Forward-looking Information: Certain statements in this press release are
forward-looking statements and speak only as of the date on which they are made,
and we undertake no obligation to update or revise any forward-looking
statements. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from those
contained in the statements, including but not limited to the following: (a)
risks and uncertainties related to acquisitions, including difficulties or
unanticipated expenses in connection with the consummation of acquisitions, the
disruption of current plans and operations, or the failure to achieve
anticipated synergies and opportunities; (b) changes in worldwide economic and
political conditions that impact demand for our products, interest rates and
foreign exchange rates; (c) changing priorities or reductions in the U.S.
Government defense budget, including those related to Operation Iraqi Freedom,
Operation Enduring Freedom and the Overseas Contingency Operations; and (d)
changes in national or international funding priorities, U.S. and foreign
military budget constraints and determinations, and government policies on the
export and import of military and commercial products.

Investor Contacts:
Textron
Doug Wilburne, 401-457-2288
or
Textron
Bill Pitts, 401-457-2288
or
Media Contacts:
Textron Systems
Stephen Greene, 978-657-2405
or
Textron
Karen Gordon Quintal, 401-457-2362
or
Textron
Michael Maynard, 401-457-2474 

Copyright Business Wire 2010

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