Advertisement

Textron announces MillenWorks acquisition

WILMINGTON, Mass., June 11 (UPI) -- Defense company Textron Systems acquired California mobility solutions developer MillenWorks in a strategic move to strengthen its portfolio.

Textron Systems announced it will add MillenWorks advanced tactical vehicle technologies to the company's military vehicle manufacturer Textron Marine and Land Systems' capabilities.

Advertisement

The strategic acquisition was announced Thursday for an undisclosed closing sum.

For 30 years MillenWorks has developed a reputation for designing light tactical, unmanned ground and armored vehicles and subsystems for on- and off-road environments.

"Having partnered with Textron Marine and Land Systems in the past, we are confident that this is a good fit for our team," MillenWorks Chief Executive Officer Rod Millen said in a statement.

Latest Headlines