Textron Marine & Land Systems To Build Search And Rescue Boats For Mexican Navy
Textron Marine & Land Systems (TM&LS), an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, has been retained to manufacture six 47-foot Motor Life Boats for the Mexican Navy, a sale valued at approximately $24 million USD.
TM&LS will begin construction of the first of these Caterpillar-powered search and rescue boats immediately, with a projected delivery in 19 months. The remaining five Motor Life Boats are planned to be delivered one every other month following the first.
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