Textron Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.