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Business/Financial

Textron Acquires Small Vehicle Maker MillenWorks

DDN

Friday, June 11th, 2010

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Textron [TXT] yesterday said it has acquired a small designer and producer of light tactical, unmanned ground, armored and off road vehicles and subsystems, adding to the capabilities of its land systems business unit. Terms of the deal were not disclosed. California-based MillenWorks is expected to have $28 million in sales this year. "Year after year, MillenWorks has proven its ability to create high performance, mobile and safe vehicles," Tom Walmsley, senior vice president and general manager of Textron Marine…

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