STERLING, Va., 3 Nov. 2006. Textron Systems Corporation has announced its acquisition of Overwatch Systems. Textron, which has a solid reputation in the defense business, has gained a footprint in the intelligence community with the acquisition of Overwatch Systems.
Textron executives believe they can grow the Overwatch Systems business at an even higher rate than Overwatch could on its own. The acquisition is currently undergoing standard U.S. government review.
Textron plans to operate Overwatch as a division of Textron Systems. The Overwatch Systems name will be retained. Overwatch Systems will continue to serve its existing customer base and will continue to grow the technology synergies it has built among the six companies it recently acquired. The entire Overwatch Systems management team will remain in place.
