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| [September 01, 2010] |
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Overwatch Announces Research Contract with National Geospatial-Intelligence Agency
AUSTIN, Texas --(Business Wire)--
Overwatch, an operating unit of Textron Systems, a Textron Inc. (NYSE:
TXT) company, today announced the signing of a Cooperative Research and
Development Agreement (CRADA) with the National Geospatial-Intelligence
Agency (NGA).
The focus of the CRADA is to further develop and enhance current
Overwatch geospatial software solutions, as well as initiate development
and integration of new products and capabilities that allow for more
robust exploitation of Geospatial Intelligence (GEOINT) data. In
addition to Overwatch COTS products, the CRADA will involve science and
technical personnel from both organizations working together to create
and integrate these new geospatial analysis products and capabilities.
The CRADA with NGA, a longtime government client of Overwatch, will
continue for five years and will involve commercial off-the-shelf (COTS)
geospatial analysis products such as RemoteView Professional, Feature
Analyst, LIDAR Analyst®, Mensuration, RemoteView Video
Tracking (Full Motion Video), RemoteView 3D Professional, GeoCatalog and
RemoteView Connect.
Results of the CRADA will also be shared with the National Systems for
Geospatial Intelligence (NSG). NGA has the option of demonstrating new
products to selected working groups and technology forums to showcase
the unique and valuable capabilities to the overall GEOINT and U.S.
Department of Defense communities.
"This is an exciting opportunity for Overwatch and NGA, with focused
attention on increased workflow efficiency and creating new avenues for
solving intelligence issues," said Overwatch Vice President of
Geospatial Products and Solutions, Stuart Blundell. "This is a great
example of industry and government working together to provide advanced
tools for GEOINT professionals."
About Overwatch
Overwatch, an operating unit of Textron Systems, is the leading provider
of integrated intelligence software solutions and services as well as
robus satellite communications systems for today's U.S. and
international defense and intelligence communities. For the past 20
years, Overwatch's intelligence solutions have supported decision
makers, counter-terrorism analysts, warfighters and first responders by
providing proven tools that simplify the integration, analysis and
exploitation of intelligence in order to present a complete operational
picture and accelerate the time-to-decision. More information is
available at www.overwatch.com.
About Textron Systems
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.
About Textron Inc.
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.
LIDAR Analyst is a registered trademark of Overwatch Systems, Ltd.
Forward-looking Information: Certain statements in this press release
are forward-looking statements and speak only as of the date on which
they are made, and we undertake no obligation to update or revise any
forward-looking statements. These forward-looking statements are subject
to risks and uncertainties that may cause actual results to differ
materially from those contained in the statements, including but not
limited to the following: (a) changes in worldwide economic and
political conditions that impact demand for our products, interest rates
and foreign exchange rates; (b) changing priorities or reductions in the
U.S. Government defense budget, including those related to Operation
Iraqi Freedom, Operation Enduring Freedom and the Overseas Contingency
Operations; (c) changes in national or international funding priorities,
U.S. and foreign military budget constraints and determinations, and
government policies on the export and import of military and commercial
products; (d) our ability to perform as anticipated and to control costs
under contracts with the U.S. Government; (e) legislative or regulatory
actions impacting defense operations; (e) the timing of new product
launches and certifications of new products; (f) the efficacy of
research and development investments to develop new products (f) the
launching of significant new products or programs which could result in
unanticipated expenses; and (g) performance issues with key suppliers,
subcontractors and business partners.
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