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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 Aviation announced that the Cessna SkyCourier twin utility turboprop has received type certification from the Civil Aviation Authority of the Philippines (CAAP). This certification expands the aircraft's operational capabilities in remote areas of Southeast Asia. The first SkyCourier in the region, a 19-seat passenger variant, is scheduled for delivery in the second half of 2025 to Leading Edge Air Services (LEASCOR), a subsidiary of ACDI Multipurpose Cooperative in the Philippines.
The SkyCourier, designed for single-pilot operation, offers maximum cabin flexibility and low operating costs, making it suitable for air freight, passenger, and special mission needs. ACDI Multipurpose Cooperative, serving members of the Armed Forces of the Philippines, plans to use the aircraft to connect underserved communities and support various business lines including tourism, agriculture, and aviation.
Textron Aviation has delivered the 400th Cessna Citation Latitude business jet to Simmons Foods, marking a significant milestone for the aircraft. The Citation Latitude has been the world's most-delivered midsize business jet for eight consecutive years, known for its reliability, versatility, and 2,700-nautical mile range. With a flat floor cabin accommodating nine passengers, it can fly nonstop between destinations like New York and Los Angeles.
Simmons Foods, a longtime Citation customer, will add this jet to its existing fleet of three Citation jets, enhancing the efficiency of its business travel across multiple locations. The Latitude's popularity spans various operations, including corporate use, charter, personal travel, and specialized missions like air ambulance and aerial survey.
TRU Simulation has announced the FAA Level D certification and delivery of a Cessna Citation Longitude Full Flight Simulator (FFS) to FlightSafety International's Columbus, Ohio Learning Center. This simulator, the second of its kind at the facility, will support training for Textron Aviation's flagship super-midsize jet. It marks the third Longitude FFS built under the joint venture between TRU Simulation and FlightSafety International, which was formed in 2019 to enhance global training capabilities.
Jerry Messaris, VP and GM of TRU Simulation, emphasized the company's commitment to providing cutting-edge training tools that ensure safe and realistic experiences for pilots. The collaboration aims to expand access to high-quality aviation training worldwide, leveraging TRU's state-of-the-art technology.
Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced that the U.S. Army has approved the Milestone B decision for the Future Long Range Assault Aircraft (FLRAA), marking the beginning of the weapon system's Program of Record. This milestone follows the FLRAA contract award in December 2022 and allows the program to enter the Engineering and Manufacturing Development (EMD) phase.
The FLRAA team will focus on design maturation and prototyping, aiming to deliver a transformational aircraft that will fly twice as far and twice as fast as the current fleet. Bell has established new state-of-the-art facilities and innovative manufacturing processes to support the program's execution, utilizing mature tiltrotor technology coupled with digital engineering and open architecture approaches.
Textron Aviation has expanded its service offerings to include a new standard repair process for Cessna Citation 560XL series aircraft main landing gear (MLG). Developed in collaboration with Able Aerospace Services, this solution allows for significant MLG repairs without full replacement, providing a timely and cost-effective option for customers.
The new service aims to reduce operating costs and minimize aircraft downtime. It follows Textron Aviation's 2020 announcement of MLG repair capabilities for the Cessna Citation CJ series. This expansion aligns with the company's efforts to enhance maintenance efficiency across the Beechcraft and Cessna fleet, while supporting its initiative to reduce and reuse through part repairs, exchanges, and rentals.
Textron Inc. (NYSE:TXT) has announced a quarterly dividend of $0.02 per share on its Common Stock. The dividend will be paid on October 1, 2024 to shareholders of record at the close of business on September 13, 2024. This declaration by Textron's Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, has announced an agreement with Gama Aviation (UK) for the purchase of three Beechcraft King Air 360C aircraft. The deal, signed at the Farnborough International Airshow, aims to modernize Gama Aviation's fleet and support the Scottish Ambulance Service (SAS). The aircraft, equipped with cargo doors, are expected to be delivered in 2025.
The King Air 360C will provide 24/7 operational availability for essential healthcare services to regional, rural, and remote communities in Scotland. Gama Aviation has been providing air ambulance services to the SAS for over 30 years, with the King Air as the mainstay of its fixed-wing fleet. The SAS is the only wholly publicly-funded air ambulance service in the United Kingdom.
Textron Aviation unveils the 'Crimson Edition' of the Beechcraft King Air 260 and 360 turboprops to celebrate the aircraft's 60th anniversary. This special edition features a striking new interior and a vibrant red and silver exterior paint scheme, inspired by six decades of legendary Beechcraft customers and operators.
Key highlights include:
- Deliveries beginning in 2025
- Iconic Beechcraft 'B' on the aircraft's tail
- New boarding step with hidden fasteners
- Custom interior with dark leather seats, Alcantara accent panels, and crimson accent piping
- Charcoal carpeting with crimson arcs
The King Air series has delivered over 7,800 aircraft since 1964, accumulating more than 64 million flight hours worldwide. It serves in all branches of the U.S. military and various commercial and special mission roles globally.
Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, has announced significant enhancements to its Cessna Caravan and Cessna Grand Caravan EX utility turboprop aircraft. The upgrades, set to be available in 2025, include a modernized flight deck with new backlit panels and various amenities to improve the pilot experience. Key enhancements include:
- All-new black cockpit panels for a contemporary look
- Electroluminescent Lighting panels for improved visibility
- Wider cockpit boarding ladder
- Four adjustable air nozzles
- USB-C charging ports
- Standard power headset jacks
- Headset hooks
These upgrades reflect Textron Aviation's commitment to customer feedback and continuous improvement of their aircraft.
Textron Aviation, a Textron Inc. (NYSE: TXT) company, unveiled its new military multi-engine training aircraft at the 2024 Farnborough International Airshow. The aircraft, based on the Beechcraft King Air 260, was selected in 2023 for the United States Navy's Multi-Engine Training System (METS) program. Deliveries for up to 64 METS aircraft began on April 22, 2024.
Canada also announced its acquisition of the Beechcraft King Air 260 for the Royal Canadian Air Force's Future Aircrew Training program. The aircraft offers excellent value for military training due to its cost-effectiveness, speed, range, and payload capacity. It features specialized capabilities including TACAN, angle of attack, and engine trend monitoring.
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