Back to top

Analyst Blog

Textron Marine & Land Systems, an operating unit of Textron Systems, a subsidiary of Textron Inc. (TXT - Analyst Report), in a smart move added Alcoa Defense, a business unit of Alcoa Inc. (AA - Analyst Report) to its Ship-to-Shore Connector (SSC) program bidding team. Textron along with its partner in SSC team, L-3 Communications Inc. (LLL - Analyst Report) is actively competing for the Navy’s Ship-to-Shore Connector (SSC) program.
The SSC program, estimated by the Navy to have a value of $4 billion, facilitates the construction of up to 80 hovercrafts to replace the aging Landing Craft Air Cushion (LCAC) fleet, starting in 2019. The LCAC is a class of air-cushion vehicle (hovercraft) used as landing craft by the U.S. Navy and the Japan Maritime Self-Defense Force (JMSDF). They transport weapons systems, equipment, cargo and personnel of the assault elements of the Marine Air/Ground Task Force both from ship to shore and across the beach.
Textron’s new partner for the bid, Alcoa Defense, is a premier player in designing, developing and manufacturing high-performance aluminum structures optimized for cost and weight. Alcoa’s expertise in aluminum production and design, proven design capability and advanced product manufacturing know-how will come in good stead for the construction of the hovercraft, which will have more than 100,000 lbs of aluminum each.
Alcoa Defense partners with industry leaders to design systems and materials that increase the speed, reach, agility and survivability of strategic platforms. Through an unmatched combination of defense and commercial engineering, Alcoa delivers multi-product, lightweight and cost-effective solutions for programs ranging from the F35 Joint Strike Fighter to the M777 Howitzer to armored tactical and fighting vehicles.
Headquartered in New York City, L-3 Communications is a prime contractor for C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms.
Textron Marine & Land Systems specializes in the design, production and support of advanced marine craft, armored combat vehicles, turrets and related subsystems. Textron Marine & Land Systems serve military and commercial customers domestically and internationally, and have products operating in more than 35 countries.
Textron Systems manufactures 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.
Textron Inc. has a global network of aircraft, defense, industrial and finance businesses that provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.
Textron currently retains a Zacks #3 Rank (Hold). We also maintain a long-term Neutral rating on the stock.
Textron’s future success in the competitive defense industry depends upon its ability to develop and market its defense-related products and services to the U.S. government, as well as its ability to provide people, technologies, facilities, equipment and financial capacity needed to deliver those products and services at maximum efficiency.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%