Welcome to our dedicated page for Textron news (Ticker: TXT), a resource for investors and traders seeking the latest updates and insights on Textron stock.
Textron Inc. (NYSE: TXT) maintains its position as a leader in aerospace systems, defense technologies, and industrial solutions through continuous innovation and strategic operations. This news hub provides investors and industry professionals with essential updates spanning all corporate divisions, including Bell helicopters, Cessna aircraft, and Textron Systems' defense platforms.
Our curated collection features official press releases, regulatory filings, and verified media coverage related to quarterly earnings, major defense contracts, aviation product certifications, and industrial sector developments. Users gain access to primary source documents alongside contextual analysis of market impacts.
Key updates include manufacturing milestones for military UAV systems, commercial aviation fleet expansions, and sustainability initiatives across Textron's industrial divisions. The repository serves as both historical archive and real-time tracking tool for TXT's multifaceted operations in 40+ countries.
Bookmark this page for structured access to Textron's corporate communications, including SEC Form 8-K disclosures about material events and Form 10-Q quarterly performance reports. Combine these official updates with third-party analysis of Textron's position in global supply chains and defense procurement programs.
Textron (NYSE: TXT) has completed its acquisition of Pipistrel, a leader in electrically powered aircraft, for approximately €218 million. Pipistrel is known for the Velis Electro, the first electric aircraft fully certified by EASA. The acquisition allows Textron to enhance its eAviation segment and accelerate development of sustainable aviation solutions. Pipistrel will remain a distinct brand, with its operations in Slovenia and Italy continuing as is. Founder Ivo Boscarol retains a minority stake and will advise on product strategy for two years.
Textron Aviation has signed a purchase agreement with flyExclusive for up to 30 Cessna Citation CJ3+ jets, with five expected to deliver in 2023 and additional options through 2025. This order enhances flyExclusive's private jet offerings and supports its growth strategy, positioning it as a major player in the fractional ownership market. The Citation CJ3+ boasts advanced avionics, in-flight WiFi, a range of 2,040 nautical miles, and is designed for efficiency, burning 10% less fuel than competitors.
Textron Inc. (NYSE: TXT) will announce its first quarter 2022 financial results on April 28, 2022, at 8:00 a.m. Eastern. A conference call is scheduled to discuss these results, accessible via webcast or direct dial. It will also be available for playback starting at 11:00 a.m. on the same day. Textron is a multi-industry company known for its diverse brands in aircraft, defense, industrial, and finance sectors. For more details, visit www.textron.com.
Textron Inc. (NYSE: TXT) has signed an agreement to acquire Pipistrel, a leader in electric aircraft based in Slovenia and Italy. The acquisition aims to enhance Textron's capabilities in sustainable aviation and will establish a new segment called Textron eAviation. This move is expected to accelerate the development of electric and hybrid aircraft, leveraging Pipistrel’s expertise and resources. The deal is set to close in Q2 2022, pending regulatory approval. Pipistrel's founder will remain involved as a minority shareholder and advisor.
Textron Aviation has received FAA type certification for its new Cessna SkyCourier, a twin-engine, large-utility turboprop designed for cargo and passenger transport. The SkyCourier, featuring advanced manufacturing processes, is set to enter the market with launch customer FedEx Express, which has placed a fleet order for 50 aircraft with options for an additional 50. The aircraft offers low operating costs and is equipped with advanced avionics, allowing for significant cargo capacity and operational efficiency.
Textron Inc. (NYSE: TXT) has appointed Richard F. Ambrose to its Board of Directors, effective April 1, 2022. Ambrose brings over 20 years of experience from Lockheed Martin, where he managed a $12 billion enterprise with around 22,000 employees. His roles included President of Lockheed Martin Space and General Manager of various divisions. Textron's Chairman and CEO, Scott Donnelly, expressed confidence that Ambrose's expertise in the aerospace and defense sectors will be invaluable for the company.
The Board of Directors of Textron (NYSE:TXT) has declared a quarterly dividend of $0.02 per share on its Common Stock. This dividend will be paid on April 1, 2022, to shareholders on record as of the close of business on March 11, 2022. Textron operates in multiple industries, providing innovative solutions across its brands, including Bell and Cessna.
Textron Aviation delivered its 8,000th Cessna Citation jet, a Citation Longitude, to Scotts Miracle-Gro, marking a significant milestone in the aviation industry. This delivery reinforces the Citation family’s position as the most popular line of business jets globally. With over 41 million flight hours logged, Citation jets are known for their reliability, efficiency, and comfort. The Citation series has been a leader in annual business jet deliveries for four decades, showcasing advanced technology and performance across its range of models.
Textron Aviation has announced the return of the Cessna Turbo Skylane T182T to its lineup, featuring the latest avionics and interior upgrades. The aircraft is equipped with a turbocharged engine, enhancing performance for operations at high altitudes. Orders are now being taken, with deliveries starting in early 2023. The Turbo Skylane boasts a range of 971 miles, a certified ceiling of 20,000 feet, and maximum speeds of 165 knots. Textron Aviation aims to meet customer demand for higher power and improved capabilities with this model.
Textron Aviation announced the rollout of the first production unit of the Cessna SkyCourier, a new twin-engine turboprop aircraft, at its Wichita facility. This aircraft, designed with state-of-the-art manufacturing techniques, is tailored for air freight, passenger transport, and special missions. Featuring a maximum payload of 6,000 pounds and a range of 900 nautical miles, the SkyCourier will be delivered to launch customer FedEx Express, which has ordered up to 100 units. Certification is expected in the first half of 2022, enhancing Textron's aviation portfolio.
