24/01/2013: Textron Systems, Rheinmetall Canada and Kongsberg Protech Systems Canada announce $100 Million Contract on Canadian Forces Tactical Armoured Patrol Vehicle Program

Textron Systems Canada Inc., a Textron Inc. (NYSE: TXT) company, Rheinmetall Canada Inc., and Kongsberg Protech Systems (KPS) Canada today announced a $100 million CAD contract for work to be performed by KPS Canada on the Canadian Forces Tactical Armoured Patrol Vehicle (TAPV) project. This is a sub-contract within the $205 million CAD contract between Textron Systems and Rheinmetall that was announced in October 2012.

“We are extremely pleased to be working with Textron Systems and Kongsberg Protech Systems Canada,” said Rheinmetall Canada’s President and CEO, Dr. Andreas Knackstedt. “Together we will deliver state of the art equipment to the Army, and provide value for taxpayers’ money, while creating highly skilled jobs in Canada.”

In June 2012, the Textron TAPV Team, led by Textron Systems, was selected to manufacture 500 Canadian Forces Tactical Armoured Patrol Vehicle (TAPV) with options for up to 100 more. The TAPV contract has a value of $603.4 million CAD, with an additional five-year in-service support contract of $105.4 million CAD.

Ottawa-based Textron Systems Canada, as prime contractor, will provide overall TAPV program and configuration management, act as design authority for change management, coordinate vehicle integration activities by Canadian subcontractors, and manage the In-Service Support contract. Textron Systems Canada will also be implementing a Canadian Industrial and Regional Benefits program designed to bring employment to Canadians and new expertise and opportunities to Canadian companies.

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