| AAI and Carter Aviation Technologies Enter Exclusive Licensing Agreement for Slowed Rotor/Compound Technology |
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Agreement Accelerates Development of High-Performance, High-Value Unmanned Aircraft for Broader Range of Missions
09:22 GMT, November 19, 2009 HUNT VALLEY, Md. | AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has entered into a licensing agreement with Carter Aviation Technologies LLC, giving AAI exclusive access to Carter’s Slowed Rotor/Compound (SR/C) technology for all unmanned aircraft applications. AAI will provide guidance, support and resources to Carter for continued development and maturation of its SR/C technology, after which AAI intends to develop unmanned aircraft variants for several applications. |
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Company or Organisation Portrait:
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. 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. 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. |
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Company or Organisation Contact:
Investor Contacts: Textron Doug Wilburne +1-401-457-2288 Bill Pitts +1-401-457-2288 Media Contacts: Textron Systems Sharon Corona +1-410-628-3184 Textron Michael Maynard +1-401-457-2474 |