Textron Confirms Afghan National Army Contract

Before you go, we thought you'd like these...
Before you go close icon

U.S. defense contractor Textronconfirmed Thursday that it has received a $113.4 million Pentagon contract, discussed briefly earlier this week on the Defense Department's own website.

The contract, which pays for Textron to supply 135 new Mobile Strike Force Vehicles (MSFV) for the Afghan National Army (ANA), implies a per vehicle price of $840,000. Textron further clarified that, with this week's order, it has been contracted to supply Afghanistan with a total of 634 such vehicles to date, of which nearly half have already been delivered, and many are already in service with the ANA.

In the instant contract, Textron has been asked to build three MSFV variants:

  • a tank-like MSFV with enclosed turret;
  • an MSFV with Objective Gunner's Protection Kit
  • an MSFV ambulance

All Afghan MSFVs are based on the original M1117 Armored Security Vehicle in service with the U.S. Army, feature V-shaped hulls to minimize the effects of roadside bombs, and have been upgraded further to enhance their ability to survive improvised explosive device attacks.

Textron shares closed 0.5% lower in Thursday trading, ending at $29.66.

The article Textron Confirms Afghan National Army Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners