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 Aviation has announced new Garmin G5000 avionics enhancements for its Cessna Citation Latitude and Citation Longitude jets. These upgrades aim to improve performance and user experience based on customer feedback. The Latitude will receive these enhancements starting in 2025, and the Longitude in 2026. Significant features include the Synthetic Vision Guidance System (SVGS) and improved situational awareness tools, such as 3D building footprints and Taxiway Routing. These upgrades are designed to enhance pilot situational awareness and safety. The Citation Latitude has been the top-delivered midsize business jet for eight years, and the Citation Longitude is known for its pilot and passenger-centric design.
Textron Aviation announced that the Cessna SkyCourier has received FAA certification for a new Combi interior conversion option. This allows the aircraft to transport nine passengers and cargo simultaneously. Deliveries of the Cessna SkyCourier with the Combi option are expected to begin later this year. The aircraft, known for its versatility and single-pilot operation, is designed to cater to a wide range of missions, including air freight, passenger transport, and special missions. This certification adds another layer of functionality, making it appealing to diverse global markets such as government agencies, law enforcement, corporations, and humanitarian organizations.
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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