via DefPro.
Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced that it has acquired MillenWorks, an internationally recognized innovator in advanced mobility solutions for demanding on-road and off-road applications. Terms of the acquisition were not disclosed. The Tustin, CA-based company with expected 2010 revenues of about $28 million will add strategic capabilities to Textron Marine & Land Systems, an operating unit of Textron Systems, in New Orleans, LA.Wow. Talk about a preemptive strike! I thought for sure BAE would buy these guys out, instead Textron beat them to the punch. Millenworks is famous for its suspension work and its vehicles are beyond innovative...they're fabulous. Their Light Utility Vehicle was, in my opinion, more in keeping with what the JLTV was originally designed to be. A next generation, light weight, highly protected, highly mobile and highly adaptable platform.
I'm not sure the current participants can be called lightweight.
Textron stole one from the big boys with this acquisition.
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