Textron (TXT) +2.3% premarket on news of its selection by the U.S. Navy for the Ship-to-Shore...

|About: Textron Inc (TXT)|By:, SA News Editor

Textron (TXT) +2.3% premarket on news of its selection by the U.S. Navy for the Ship-to-Shore Connector program. The ~$213M fixed-priced, incentive-fee contract is for the detailed design and construction of an initial SSC test and training craft with work to be completed by 2017. The contract includes options for up to eight production craft worth a total potential value of $570M.