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Stock impact report

Army Orders 100,000 Next-Generation Rifles Amid Threats Of War [zero hedge]

Textron Inc. (TXT) 
Last textron inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: zero hedge
Earlier this month, we reported that Textron Systems' AAI Corporation delivered its Next Generation Squad Weapon-Technology (NGSW-T) prototype demonstrator to the U.S. Army Combat Capabilities Development Command (CCDC) Armaments Center and Joint Services Small Arms Program (JSSAP). A new report from Defense Blog shows the Army will purchase approximately 100,000 units of the next-generation weapon that fires 6.8-millimeter ammunition.Chief of Staff of the Army Gen. Mark A. Milley on April 10 announced the Army would order 100,000 units, mainly purchased for infantry units which engage in close-quarters combat.U.S. Army Contracting Command (ACC) officials said the new weapons would include the Next Generation Squad Weapon-Rifle (NGSW-R) and the Next Generation Squad Weapon-Automatic Rifle (NGSW-AR).The NGSW-R is expected to replace the M16 rifle and M4 carbine. The NGSW-AR is also expected to replace the M249 light machine gun in the Automatic Rifleman Role in the Close Combat Force.T Show less Read more
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