Textron Systems Canada Inc., a Textron Inc. (TXT) company, announced that it has been selected by the Canadian government for the Canadian Forces Tactical Armoured Patrol Vehicle or TAPV program.
The company said that the contract provides that the Textron TAPV Team, led by Textron Systems Canada, together with Textron Marine & Land Systems and Rheinmetall Canada, will manufacture 500 vehicles, with an option for up to 100 more.
The TAPV contract has a value of C$603.4 million , excluding government sales tax/harmonized sales tax (GST/HST), with an additional five-year in-service support contract of C$105.4 million, excluding GST/HST. The first vehicle is scheduled to be delivered to the Canadian Army in July 2014 and the last delivery is scheduled for March 2016.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.