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Textron To Build Next Amphib Hovercraft

Textron [TXT] has been awarded a $212.7-million contract by the Navy for the first of the next generation of amphibious landing craft designed for launch from ships to ferry Marines, vehicles, weapons and supplies to shore. The contract contains options for an additional eight Ship-to-Shore Connectors (SSC) that could bring its total value to $570.5 million. The initial part of the contract covers detailed design and the first hovercraft for testing and training. Textron’s team included L3 Communications [LLL] and…

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