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Textron, Inc. - TXT STOCK NEWS

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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.

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Textron Aviation has announced a new high-speed internet connectivity solution for Beechcraft King Air B200/300 and Cessna Citation 560XL series aircraft. This follows the FAA's issuance of AeroMech's Supplemental Type Certificate (STC) for Starlink high-speed internet connectivity. The system utilizes Starlink's Low Earth Orbit (LEO) satellite constellation, providing more reliable connectivity over land, water, and remote areas.

Brian Rohloff, senior vice president of Customer Support, emphasized the importance of in-flight connectivity for customers using their aircraft as mobile offices. The upgrade can be scheduled for installation at North American Textron Aviation Service Centers and select International Service Centers. AeroMech's STC uses Starlink's 'standalone system,' consisting of an antenna, power supply, and router, requiring only power input from the aircraft.

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Gogo Business Aviation announced that Textron Aviation will install Gogo's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for the Cessna Citation Longitude, Citation Latitude and Citation Ascend business jets. Textron Aviation is the first business aviation OEM to offer Gogo Galileo HDX from the factory, providing a global connectivity solution with market-leading performance for its operators.

Gogo Galileo is built on Gogo's AVANCE platform with a fuselage-mounted HDX antenna, designed to be small enough for business jets. The system is more affordable and easier to install and operate than other satellite systems. Gogo Galileo HDX is expected to launch commercially in the fourth quarter of 2024, with Textron Aviation's integration of the HDX antenna in progress for all three Citations.

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Textron Aviation has announced the selection of Gogo Business Aviation's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, for factory installation on the Cessna Citation Longitude, Latitude and Ascend. This makes Textron Aviation the first business aviation OEM to offer Gogo Galileo HDX as an option on new customer aircraft.

The system, built on Gogo's AVANCE platform, features a fuselage-mounted HDX antenna designed for business jets, making it more affordable and easier to install than other satellite systems. Gogo Galileo HDX is expected to be available on the Citation Longitude beginning early 2026, with timing for other aircraft to be announced later.

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Textron Aviation announced the successful first flight of its Cessna Citation CJ4 Gen3 prototype aircraft in early October. This milestone follows the unveiling of three new Gen3 products in the Citation light jet family at NBAA-BACE in Las Vegas. The CJ4 Gen3, designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, completed a 1 hour and 47-minute flight from Wichita's Eisenhower National Airport.

The flight test program will now enter a rigorous testing phase to ensure the aircraft meets high performance standards. The CJ4 Gen3 is the first business jet to feature the Garmin G3000 PRIME avionics suite, along with Garmin Autothrottles and Emergency Autoland. These advancements aim to enhance operational efficiency and reduce pilot workload. The aircraft is expected to enter service in 2026.

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Textron Aviation has announced Ryan Samples as the launch customer for its new Cessna Citation CJ4 Gen3 business jet, unveiled at NBAA-BACE in Las Vegas. Samples, a longtime Cessna Citation customer, has entered a purchase agreement for the first CJ4 Gen3, expected to enter service in 2026.

The CJ4 Gen3 is part of Textron Aviation's introduction of three new Citation Gen3 aircraft, including the CJ3 Gen3 and M2 Gen3. All three will feature Garmin Autothrottles and Emergency Autoland. The CJ4 Gen3 will be the first to include the next-generation Garmin G3000 PRIME avionics.

Textron Aviation highlights the CJ4 Gen3's responsive handling, advanced avionics, and quality. It boasts nearly 10% lower operating costs than its closest competitors and offers class-leading range at any payload.

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Textron Aviation has unveiled the next generation of Cessna Citation light jets: the M2 Gen3, CJ3 Gen3, and CJ4 Gen3. These aircraft feature Garmin Emergency Autoland technology and fully integrated Garmin Autothrottles. The CJ4 Gen3, expected to enter service in 2026, introduces the new Garmin G3000 PRIME avionics suite, offering intuitive, multi-touch displays and streamlined operations.

Key features include enhanced safety systems, improved cockpit design, and upgraded cabin acoustics. The CJ4 Gen3 boasts nearly 10% lower operating costs than competitors and class-leading range. The M2 Gen3 and CJ3 Gen3 are set to follow in 2027. Existing Citation M2 Gen2 and CJ3 Gen2 owners will have the opportunity to incorporate Garmin Emergency Autoland via a service bulletin after certification.

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Textron Aviation has unveiled EvoX, a series of specialized aftermarket upgrade packages for Cessna Citation and Beechcraft King Air aircraft. These comprehensive modification packages aim to maximize aircraft value by offering:

  • State-of-the-art avionics upgrades
  • Cutting-edge connectivity solutions
  • Exclusive luxurious interior refurbishments
  • Sleek exterior upgrades

EvoX packages provide factory-direct support and can be installed at North America Textron Aviation Service Centers. The upgrades are designed to enhance navigation, reduce pilot workload, improve in-flight internet connectivity, and offer custom interior and exterior designs with exclusive EvoX schemes and insignia.

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Textron Inc. (NYSE: TXT) has announced the release date for its third quarter 2024 financial results. The company will unveil its results on Thursday, October 24, 2024, in the morning. Following the release, Textron will host a conference call at 8:00 a.m. (Eastern) to discuss the results and provide insights into the company's outlook.

Interested parties can access the call via webcast on Textron's website or through direct dial numbers provided for both U.S. and international participants. For those unable to join live, a recorded version of the call will be available for playback starting at 11:00 a.m. (Eastern) on the same day.

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Textron Systems , a Textron Inc. (NYSE:TXT) company, and Kodiak Robotics, Inc. have integrated Kodiak's self-driving system into Textron's RIPSAW® M3 vehicle. This collaboration aims to explore opportunities with the U.S. Department of Defense and allied militaries to accelerate automation in military ground vehicles. The Kodiak Driver-equipped RIPSAW M3 is designed for complex, high-risk military missions while keeping personnel safe.

Key features include:

  • 360-degree visibility with modular DefensePods
  • Full off-road autonomy capabilities
  • Assisted Autonomy technology for remote control
  • Adaptability to various terrain types

This integration demonstrates the versatility of Kodiak's autonomous system and the potential of dual-use technology in defense markets.

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Textron Aviation has announced that Cessna Citation XLS+ and Citation XLS Gen2 aircraft owners can now upgrade to the Garmin G5000 integrated flight deck at selected domestic Textron Aviation Service Centers. This follows Garmin's receipt of FAA supplemental type certification (STC) for the avionics upgrade.

The G5000 system offers advanced features including three landscape-oriented flight displays with split-screen capability, Synthetic Vision Technology (SVT), and ADS-B Out compliance. It enhances situational awareness and allows for future expansion through software updates.

Kim Leonard, a longtime Cessna Citation pilot with 21,000 flight hours, will be the first to install the G5000 avionics in his Citation XLS+ at Textron Aviation's Wichita Service Center.

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FAQ

What is the current stock price of Textron (TXT)?

The current stock price of Textron (TXT) is $77.24 as of December 24, 2024.

What is the market cap of Textron (TXT)?

The market cap of Textron (TXT) is approximately 14.3B.

What are Textron Inc.'s main business segments?

Textron Inc. operates in various segments including aircraft, defense, industrial, and finance.

What are some of the brands under Textron Inc.?

Some notable brands include Bell Helicopter, Cessna, Beechcraft, Jacobsen, Kautex, Lycoming, and E-Z-GO.

What types of aircraft does Textron manufacture?

Textron manufactures small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft.

Who are Textron's main customers?

Textron serves both commercial and military customers across its various business segments.

What is the significance of Textron's collaboration with Kodiak Robotics?

The collaboration aims to develop an autonomous military ground vehicle, integrating advanced AI-powered autonomous technology.

How long has Textron Systems been involved in uncrewed vehicle development?

Textron Systems has over three decades of experience in developing uncrewed land, air, and sea systems.

Where can I find more information about Textron's career opportunities?

For career opportunities, visit Textron's official website at www.textron.com/careers.

Does Textron offer training and simulation services?

Yes, Textron Systems provides aircraft simulators and training services for both commercial and military markets.

What is Kautex's role within Textron?

Kautex manufactures plastic fuel tanks for conventional and hybrid motor vehicles and is part of Textron’s industrial segment.

How does Textron contribute to national security?

Textron develops advanced defense technologies, including uncrewed military vehicles, to support military operations and enhance national security.

Textron, Inc.

NYSE:TXT

TXT Rankings

TXT Stock Data

14.33B
184.29M
0.65%
86.71%
1.97%
Aerospace & Defense
Aircraft & Parts
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United States of America
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