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) 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 Systems is partnering with Kodiak Robotics to develop an uncrewed military ground vehicle for advanced terrain environments. This vehicle will integrate Kodiak's autonomous driving technology, designed for driverless operations. Kodiak's technology, validated by nearly 3 million miles of real-world operations, will be embedded in a Textron Systems' prototype vehicle. This collaboration marks Kodiak's first integration of its autonomous system into a driverless vehicle, featuring modular DefensePods for easy field swapping. Demonstrations are expected later in 2024, with future explorations in automating military tasks to enhance national security.
Textron Aviation announced that the Federal Aviation Administration (FAA) has approved supplemental type certification (STC) for an integrated Future Air Navigation System (FANS) and Protected Mode Controller Pilot Data Link Communication (PM-CPDLC) program for Hawker 4000 jets with Honeywell PRIMUS EPIC cockpits. This upgrade enhances pilot-ATC communication and uses the latest data link services in North America and Europe. The technology reduces pilot workload and improves efficiency. The program supports future FAA NextGen Data Com capabilities and offers features such as trajectory-based operations, improved re-routing, and prioritized departure clearances. Installations are available at selected Textron Aviation service facilities.
Textron Aviation announced the progress of the Cessna Citation Ascend program, with successful certification tests and over 350 flight test hours. The business jet is set to enter service in 2025, offering enhanced performance and luxury features. The prototype completed rigorous testing, including extreme weather, bird strike, and braking performance tests. The aircraft features Pratt & Whitney Canada PW545D engines for improved fuel efficiency and performance.
Textron Aviation announced that the Cessna SkyCourier twin utility turboprop has received type certification in Australia, allowing it to serve remote communities and improve regional connectivity. This milestone follows the first SkyCourier order in Australia announced at the Singapore Airshow. The aircraft offers exceptional performance, low operating costs, and maximum cabin flexibility to cater to diverse aviation needs.
Textron Aviation's Beechcraft Denali single-engine turboprop is advancing towards certification with successful avionics testing after achieving FAA Type Inspection Authorization. The program has completed nearly 2,000 flight test hours with over 830 flights, aiming for FAA certification in 2025. The Denali features advanced Garmin G3000 avionics for enhanced pilot workload management.
Textron Aviation has inaugurated its largest parts distribution facility in Wichita, Kansas, adding 180,000 square feet to better serve its global customer base. The facility aims to enhance customer service through increased parts storage and faster shipping, supporting Cessna, Beechcraft, and Hawker aircraft. The expansion reflects Textron Aviation's dedication to providing an exceptional aviation experience while prioritizing sustainability.
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