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.
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.
Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, has expanded its relationship with Gama Aviation, designating them as an Authorized Sales Representative (ASR) for Textron Aviation Special Missions aircraft in the United Kingdom and Ireland. This expansion allows Gama Aviation to feature special missions variants of the entire Cessna and Beechcraft aircraft portfolio.
The partnership aims to provide enhanced support and convenience for new and existing customers in the region. Gama Aviation's expertise in maintenance, design, and operation of Textron Aviation platforms for Air Ambulance and Intelligence, Surveillance and Reconnaissance missions positions them well to advise on Special Missions configurations. This collaboration strengthens the total support available in the U.K. and Ireland for Textron Aviation's special missions aircraft.
Textron Inc. (NYSE: TXT) reported strong Q2 2024 results, with EPS of $1.35 and adjusted EPS of $1.54, up from $1.46 in the prior year. The company generated $383 million in net cash from operating activities and returned $358 million to shareholders through share repurchases. Textron Aviation saw increased revenues of $1.5 billion, up $113 million from last year, while Bell's revenues rose to $794 million. The company's backlog remains robust, with Textron Aviation at $7.5 billion and Bell at $4.2 billion. Despite some challenges in the Industrial segment, Textron demonstrated overall growth and strong cash flow generation.
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