PROVIDENCE – Textron Inc. today announced that its Textron Systems unit has completed the acquisition of Overwatch Systems.
“With this transaction, Textron complements its core aerospace and defense business and advances its strategy to add key capabilities to its existing strong businesses while further serving its government, military and related customers,” the company said.
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Overwatch, based in Morristown, N.J., develops and markets integrated systems that enable analysts to generate actionable intelligence faster and more effectively, Textron said. Its combination with Textron Systems is expected to mean growth opportunities for both companies and improved support for common customers.
Textron Systems Corp. (www.systems.textron.com), a provider of technology solutions for the defense, homeland security and aerospace communities, is known for its precision smart weapons, surveillance systems, complex intelligence and communications systems, aircraft control components, piston engines, specialty marine craft and armored vehicles. Textron Systems is a wholly-owned subsidiary of Avco Corp., which is a wholly-owned subsidiary of Textron Inc.
Providence-based Textron Inc. (NYSE: TXT) is a $10 billion aircraft, industrial and finance company with about 37,000 employees in 33 countries. Its brands includes Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee. Additional information is available at www.textron.com.
