M&A Deal Summary

Textron Systems Acquires MillenWorks

On June 10, 2010, Textron Systems acquired automotive company MillenWorks

Acquisition Highlights
  • This is Textron Systems’ 1st transaction in the Automotive sector.
  • This is Textron Systems’ 2nd transaction in the United States.
  • This is Textron Systems’ 1st transaction in California.

M&A Deal Summary
Date 2010-06-10
Target MillenWorks
Sector Automotive
Buyer(s) Textron Systems
Deal Type Add-on Acquisition

Target

MillenWorks

Tustin, California, United States
MillenWorks produces unmanned and manned ground vehicles, high mobility off-road vehicles and advanced active damper suspension technology.

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Buyer(S) 1

Buyer

Textron Systems

Providence, Rhode Island, United States
Category Company
Sector Defense
DESCRIPTION

Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Known for its unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustainment services, Textron Systems includes AAI Corporation, Lycoming Engines, Overwatch, Textron Defense Systems and Textron Marine & Land Systems.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-25 Overwatch Systems

Austin, Texas, United States

Overwatch delivers multi-source intelligence (multi-INT), geospatial analysis and custom intelligence solutions to the Department of Defense, national agencies and civilian organizations. Overwatch enables analysts to integrate and leverage multiple intelligence sources to improve situational understanding and deliver actionable intelligence in support of counter-terrorism, irregular warfare and civil applications such as climate control, ecosystem management and environmental planning.

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