Daily Stock Setups

Textron Defense Systems' XM1100 Scorpion Completes Verification Testing

Posted on: Tue, 21 Jul 2009 14:53:00 EDT

Symbols: TXT

Are you looking to increase your ETF knowledge?

Jul 20, 2009 (Close-Up Media via COMTEX) --
TXT | Quote | Chart | News | PowerRating -- Textron Defense Systems, an operating unit of Textron Systems, announced that its XM1100 Scorpion networked sensor and munitions platform has completed verification testing, as well as a critical design review (CDR) with the U.S. Army.

Textron reported that testing took place at the White Sands Missile Range in New Mexico, where dispensing modules controlled by a Scorpion control station were demonstrated in both urban and open terrain settings against single and multiple target arrays. Additional day and overnight system verification trials occurred with up to eight dispensing modules under the control of a single Scorpion control station. These activities validated the Scorpion's situational awareness, command and control, and target engagement capabilities. The Scorpion's sensor fuzed warhead also was demonstrated to verify functionality and performance under various scenarios.

Following this event, Textron Defense Systems led a CDR to demonstrate its execution against program goals leading up to the government development testing phase, which is expected to begin later this year. The customer affirmed that the Textron Defense Systems Scorpion team successfully achieved all of the exit criteria required to pass the review.

"Our team has worked diligently toward this CDR with a single goal in mind - getting this technology into the hands of America's warfighters," said Senior VP and General Manager Mark Catizone of Textron Defense Systems. "The Scorpion system is designed to be a force multiplier for our warfighters, keeping them out of harm's way while helping them accomplish their missions."

Textron Systems is a provider of solutions to the defense, homeland security and aerospace communities.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details on Textron Inc (TXT) TXT. Textron Inc (TXT) has Short Term PowerRatings at TradingMarkets. Details on Textron Inc (TXT) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.