Textron Systems Advanced Information Solutions, a unit of Textron Inc. (TXT), signed a two-year Cooperative Research and Development Agreement (“CRADA”) with the U.S. Army Communications-Electronic Research, Development and Engineering Center (“CERDEC”).
Per the agreement, Textron Systems will work on a multi-intelligence alliance for Warfighter Relevant Cloud Technologies with CERDEC's Intelligence Enterprise Branch of Information & Intelligence Warfare Directorate (“I2WD”). It will be combined with usability enhancements within the baseline of Distributed Common Ground System – Army (“DCGS-A”), thereby enhancing the capabilities of DCGS-A.
Textron Systems is also involved in consolidating its Multi-INT Sensor Cloud solution into the developmental cloud architecture of I2WD, which is part of the initial CRADA efforts with I2WD. The Multi-INT Sensor Cloud is a highly efficient sensor data processing solution, which enables processing, visualization and tasking of multi-INT sensors and sensor data feeds.
The latest agreement supports the company’s aim to develop innovative and efficient technologies to adjust to the changing requirements of the Army Intelligence and thus serve customers better.
Textron Systems is engaged in providing support services for defense as well as aerospace customers. It also produces and integrates products for civil and commercial customers. Its high-quality Marine and Land Systems and Support Solutions have enabled it to expand and retain its large customer base. Textron Systems has been providing its services to the DCGS-A program for several years.
Textron has posted impressive results in the past four quarters. It beat estimates in three of the last four quarters, delivering an average positive earnings surprise of 10.27%. Its focus on innovations and creating customer value will ensure that the company wins more orders, going forward.
Textron currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same sector include The Boeing Company (BA), General Dynamics Corp. (GD) and Huntington Ingalls Industries, Inc. (HII), each holding a Zacks Rank #2 (Buy).
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