Textron Stock Price, News & Analysis

Garmin (NYSE: GRMN) has received certification for its G5000 integrated flight deck for Cessna Citation XLS+ and XLS Gen2 aircraft, expanding its successful upgrade program. The G5000 suite modernizes the cockpit, reduces operational costs, and enhances situational awareness. Key features include:

- Three landscape-oriented flight displays with split-screen capability
- Two intuitive touchscreen controllers
- Fully digital Automatic Flight Control System (AFCS)
- Emergency Descent Mode (EDM) and Underspeed protection (USP)
- PBN/RNP 0.3 certification for improved approach capabilities
- Enhanced Synthetic Vision Technology (SVT) with 3D airport views
- ADS-B In/Out compliance with new safety features
- GWX 8000 StormOptix weather radar
- Connectivity options including PlaneSync and Connext global datalink services

Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, has received FAA approval for its new Safety Management System (SMS) implementation plan for the design and manufacturing of Cessna and Beechcraft aircraft. This builds on their existing FAA-approved SMS program for maintenance and support. The new SMS includes a voluntary reporting tool for employees, customers, and suppliers to anonymously report aircraft quality risks or hazards. An SMS Committee evaluates these reports, investigates causes, and plans responses, ensuring continuous improvement in safety and quality standards. This approval underscores Textron Aviation's commitment to maintaining high product quality standards across all operations.

TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company, has delivered a Beechcraft T-6C Texan II Operational Flight Trainer (OFT) to the Tunisian Air Force. This marks the first device of its kind in the region, supporting flight training at Sfax Air Base in Tunisia. The delivery includes a Computer Based Training Lab, two Avionics Desktop Trainings, and field services.

The OFT features a realistic cockpit, a 70° vertical by 270° horizontal field of view visual system, and a dynamic seat. It will be used to train pilots and maintenance professionals following the delivery of eight Beechcraft T-6C Texan II aircraft to the Tunisian Air Force.

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.