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Textron Inc. (NYSE: TXT) is a multi-industry company leveraging its global network across various sectors, including aircraft, defense, industrial, and finance businesses, to provide innovative solutions and services. Known globally for its powerful brands, Textron encompasses names such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.
Textron designs, manufactures, and services an array of specialty aircraft, including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment is renowned for producing and servicing Cessna and Beechcraft planes. Additionally, Bell Helicopter serves both commercial and military customers with its sophisticated helicopters and tilt-rotor aircraft.
In the defense sector, Textron Systems stands out for its production of uncrewed aircraft and armored vehicles, catering primarily to the military market. The company also excels in aircraft simulators and training for both commercial and military purposes. Furthermore, the industrial segment, featuring the Kautex business, manufactures plastic fuel tanks for conventional and hybrid motor vehicles, alongside subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.
One of Textron's most notable recent developments involves a collaboration with Kodiak Robotics, Inc., a leading self-driving technology developer. Together, they aim to create an autonomous military ground vehicle specifically designed for driverless operations. By integrating Kodiak's advanced autonomous system, the Kodiak Driver, into Textron Systems' uncrewed military vehicle prototype, this partnership signifies a major advancement in autonomous technology for military applications.
Textron Systems boasts over three decades of expertise in developing uncrewed land, air, and sea systems, making significant contributions to various military programs. This partnership with Kodiak is expected to bring cutting-edge AI-powered, autonomous technologies to military customers worldwide, enhancing the functionality, adaptability, and reliability of their technologies.
Textron's dedication to innovation and excellence is further evidenced by its continuous efforts in research and development, aiming to stay ahead in introducing new products and enhancing existing ones. The company's commitment to providing advanced solutions to support defense, aerospace, and other customer missions underscores its position as a leader in multiple industries.
For more detailed information and career opportunities, visit Textron's official website.
Textron (NYSE: TXT) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025. The company will host a conference call at 8:00 a.m. (Eastern) to discuss the results and company outlook. Investors can access the call via webcast at www.textron.com or by phone. A recorded playback will be available from 11:00 a.m. (Eastern) on the same day.
Textron Aviation announced that its Cessna SkyCourier twin-engine turboprop has received type certification from Transport Canada Civil Aviation (TCCA), expanding its operational reach in North America's remote regions. The first SkyCourier in Canada - a freighter variant - will be delivered to Air Bravo , an Ontario-based flight service company.
The aircraft, which can be operated by a single pilot, offers maximum flexibility and low operating costs, making it suitable for air freight, passenger, and special missions. Its adaptable configuration allows for various operational activities in remote areas, supporting a significant return on investment.
Textron Aviation Defense announced the delivery of five Beechcraft T-6C Texan II Integrated Training System aircraft to the Vietnam Air Defense Air Force at Phan Thiet Airbase. This marks the first delivery of a total 12-aircraft order under a Foreign Military Sales program between the U.S. Air Force and Vietnam ADAF, contracted in August 2022. The complete fleet delivery is expected by mid-2025.
The contract includes ground support equipment, spare engines, parts, life support equipment, and technical support. Vietnam becomes the 14th nation to adopt the T-6C Texan II platform, strengthening the U.S.-Vietnam Comprehensive Strategic Partnership in the Indo-Pacific Region.
Textron Aviation announced a two-aircraft purchase agreement with AIR Marshall Islands Inc. (AMI) for its Cessna SkyCourier twin-engine turboprop. The passenger variant aircraft will support travel throughout the Marshall Islands communities. AMI, a government-owned commercial airline based in Majuro, will use the SkyCouriers to modernize its fleet and enhance regional connectivity. The aircraft features single-pilot operation capability, significant payload capacity, and adaptable configurations for various missions including air freight, passenger transport, and special missions.
Textron Aviation has delivered the first of two Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. The aircraft is equipped for aeromedical evacuation (MEDEVAC) and can perform multiple missions including troop and cargo transport, and command and control operations. The versatile King Air is designed to operate in diverse, austere, and remote locations across Peru's varied terrain. The second aircraft delivery is expected in 2025. The King Air 360CHW features cargo door equipment and heavy weight operation capabilities, making it suitable for various special mission operations including air ambulance, ISR, utility transport, and aerial survey.
TRU Simulation + Training, a Textron Inc. (NYSE: TXT) company, has achieved Level D certification from Australia's Civil Aviation Safety Authority for a Full-Flight Simulator delivered to the Royal Flying Doctor Service Queensland Section. The simulator, first of its kind in Australia, supports training for Beechcraft King Air B200 and B300 aircraft. Located in a new facility near RFDS Bundaberg base, it features Collins Aerospace's Pro Line Fusion avionics, TRU's REALFeel control loading system, and REALCue electric motion base with 60-inch-stroke actuators. The simulator includes high-definition projectors on a 200x40 degree display and supports all four King Air variants.
Textron (TXT) reported Q3 2024 earnings with EPS of $1.18 and adjusted EPS of $1.40, down from $1.49 in the prior year. The company's performance was significantly impacted by an IAM strike at Textron Aviation, which has since been resolved with a new five-year contract. Net cash from operating activities was $208 million, and the company returned $215 million to shareholders through share repurchases. Due to the strike's impact, Textron lowered its 2024 adjusted EPS guidance to $5.40-$5.60 from $6.20-$6.40, and reduced manufacturing cash flow guidance to $650-$750 million from $0.9-$1.0 billion.
Textron Inc. (NYSE:TXT) has announced significant leadership changes in its financial team. Frank T. Connor, executive vice president and chief financial officer, will retire on February 28, 2025. David Rosenberg, currently vice president of Investor Relations, will succeed Connor as CFO effective March 1, 2025. Rosenberg brings over 24 years of aviation industry experience, including serving as CFO of Textron Aviation and leading the successful merger of Beechcraft and Cessna Aircraft. Additionally, Scott Hegstrom, current vice president of Strategy and Mergers & Acquisitions, will assume the role of vice president of Investor Relations.
Textron (NYSE:TXT) has announced its quarterly dividend declaration. The company's Board of Directors has approved a dividend payment of $0.02 per share on its Common Stock. The dividend will be paid on January 1, 2025, to shareholders who are registered as holders of record at the close of business on December 13, 2024.
Textron Aviation announced that the Cessna Citation Ascend, expected to enter service in 2025, will be equipped with the latest enhancements to the Garmin G5000 avionics suite. The Ascend program has accumulated nearly 600 flight hours through more than 200 flights with two test articles. The aircraft will feature advanced technologies including Synthetic Vision Guidance System (SVGS), expanded Synthetic Vision Technology (SVT) capabilities, enhanced traffic awareness, and advanced connectivity options. These enhancements aim to reduce pilot workload, improve situational awareness, and provide a superior aviation experience for customers in the midsize business jet market.
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