Textron (TXT)

Textron Aviation Defense LLC, a Textron Inc. (NYSETXT) company, today announced in coordination with the Kanematsu Group that the Beechcraft T-6 Texan II Integrated Training System (ITS) has been chosen to modernize pilot training for the Japan Air Self-Defense Force (JASDF). Japan will join 14 other nations that have selected the T-6 Texan II, adding to a fleet of more than 1,000 T-6 aircraft delivered worldwide.

Textron Aviation today announced the first international sale of seven of its Beechcraft King Air 260 military multi-engine training aircraft. SkyAlyne and KF Aerospace selected the King Air 260 in support of the Future Aircrew Training (FAcT) program to train pilots for the Royal Canadian Air Force (RCAF). The FAcT program was awarded to SkyAlyne, a joint venture between CAE and KF Aerospace. King Air 260 deliveries for the FAcT program are expected to begin in the first half of 2028.

Textron Inc. (NYSETXT) today reported fourth quarter 2024 income from continuing operations of $0.76 per share, as compared to $1.01 per share in the fourth quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.34 per share for the fourth quarter of 2024, compared to $1.60 per share in the fourth quarter of 2023.

EQNX::TICKER_START (NYSEKULR),NASDAQ:BLDENASDAQBLDE)(NYSE:TXTNYSETXT,(NYSE:ERJNYSE),(NYSE:JOBYJOBY) EQNX::TICKER_END

Textron Inc. (NYSETXT) will release its fourth quarter 2024 financial results on Wednesday morning, January 22, 2025.

PALM BEACH, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Helicopters play a critical role in modern transportation, from urban air mobility to emergency medical services and defense missions. However, one of the greatest challenges in rotorcraft design and operation is managing vibrations caused by the powerful mechanics of rotary systems. Mitigating the vibration matters because Helicopters face inherent vibration issues due to the dynamic interaction of rotors, engines, and airframes. Left unchecked, vibrations can lead to: Structural Fatigue and Maintenance Costs: Excessive vibrations accelerate wear and tear on critical components, increasing maintenance needs and reducing operational uptime; Reduced Passenger Comfort: Vibrations compromise the quality of the flight experience, particularly in urban air mobility where passenger satisfaction is critical; Operational Inefficiencies: Vibrations affect avionics performance and fuel efficiency, directly impacting mission success; and Effective vibration mitigation technologies ensure smoother, safer, and more efficient helicopter operations while extending the service life of rotorcraft systems. According to a report from Nova1Advisor said: “The U.S. vibration control system market size is projected to hit around $1.62 Billion by 2033, growing at a CAGR of 6.7% during the forecast period 2024 to 2033. Vibration control systems (VCS) effectively detect and analyze vibrations by utilizing advanced algorithms and precision sensors, providing real-time feedback and control mechanisms to reduce vibration intensity to safe and manageable levels, which if not controlled or managed, can lead to equipment damage, safety hazards, and decreased productivity.” Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), Blade Air Mobility, Inc. NASDAQ: BLDENASDAQBLDE)(NYSE: TXTNYSETXT, Embraer S.A. (NYSE: ERJNYSE), Joby Aviation, Inc. (NYSE: JOBYJOBY).

Textron Aviation Inc., a Textron Inc. (NYSETXT) company, today announced that its twin-engine, large-utility turboprop, the Cessna SkyCourier, has been awarded type certification by Transport Canada Civil Aviation (TCCA), expanding the aircraft’s ability to support operational activities in some of the most remote areas of North America.

Textron Aviation Defense today announced the arrival of five Beechcraft T-6C Texan II Integrated Training System (ITS) aircraft in support of the Vietnam Air Defense Air Force (ADAF) pilot training program at Phan Thiet Airbase. The historic delivery of the first of 12 T-6C Texan II ITS aircraft highlights the on-time fulfillment of the inaugural Foreign Military Sales (FMS) program established between the U.S. Air Force (USAF) and the ADAF. Contracted in August 2022, the full fleet of 12 T-6C aircraft is anticipated to be delivered by mid-2025.

Textron Aviation today announced it delivered the first of two multi-mission Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. The King Air 360CHW is cargo door equipped and fitted for heavy weight operation.

TRU Simulation + Training Inc., a Textron Inc. (NYSETXT) company, announced today Australia’s Civil Aviation Safety Authority (CASA) has awarded Level D certification of a Full-Flight Simulator (FFS) to the Royal Flying Doctor Service (RFDS Queensland Section). The FFS is reconfigurable to support training for the entire fleet of RFDS Queensland Section Beechcraft King Air model B200 and B300 aircraft. The simulator is the first of its kind in Australia and is housed in a new, purpose-built training facility next to the RFDS base in Bundaberg.

Textron Inc. (NYSETXT) today reported third quarter 2024 income from continuing operations of $1.18 per share, as compared to $1.35 per share in the third quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.40 per share for the third quarter of 2024, compared to $1.49 per share in the third quarter of 2023.

Textron Inc. (NYSETXT) today announced that Frank T. Connor, executive vice president and chief financial officer, has notified the Company that he intends to retire on February 28, 2025. David Rosenberg, Textron’s vice president, Investor Relations, has been elected to succeed Connor as executive vice president and chief financial officer, effective March 1, 2025.

The Board of Directors of Textron Inc. (NYSETXT) today declared a quarterly dividend of $0.02 per share on the company’s Common Stock.

Textron Aviation today announced the Cessna Citation Ascend continues to progress through its certification program and will be equipped with the latest enhancements to the Garmin G5000 avionics suite. This flight deck will provide pilots with significant technological advances when it enters into service, expected to be in 2025.

Textron Aviation today announced an additional high speed internet connectivity solution for their Beechcraft King Air B200 and B300 series and Cessna Citation 560XL series aircraft following the Federal Aviation Administration’s (FAA) issuance of AeroMech’s Supplemental Type Certificate (STC) for Starlink high-speed internet connectivity. AeroMech’s STC utilizes Starlink’s high-speed internet technology connecting to Starlink’s constellation of Low Earth Orbit (LEO) satellites providing more reliable connectivity over land, water and remote areas, where traditional in-flight Wi-Fi may not have service.

Textron Aviation today announced longtime Cessna Citation customer Ryan Samples as the launch customer for its new Cessna Citation CJ4 Gen3 business jet, which the company unveiled today at the National Business Aviation Association - Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas. Samples has entered into a purchase agreement with the company to take delivery of the first CJ4 Gen3, which is expected to enter into service in 2026.

Textron Aviation today announced its selection of Gogo Business Aviation's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, for factory installation on the Cessna Citation Longitude, Latitude and Ascend. This makes Textron Aviation the first business aviation Original Equipment Manufacturer (OEM) to offer Gogo Galileo HDX as an option on new customer aircraft.

Textron Aviation today announced the future of flight and its legendary Cessna Citation lineup with the unveiling of the next generation of light jets — the Cessna Citation M2 Gen3, CJ3 Gen3 and CJ4 Gen3. In addition to the revolutionary Garmin Emergency Autoland technology to be used in all three new aircraft, the Citation CJ4 Gen3 features new, next-generation Garmin G3000 PRIME avionics for intuitive, seamless control for pilots. Currently under development, the CJ4 Gen3 is expected to enter into service in 2026, with the M2 Gen3 and CJ3 Gen3 following in 2027.

Textron Aviation today announced the launch of “EvoX,” specialized aftermarket upgrade packages designed for Cessna Citation and Beechcraft King Air customers who are seeking the latest aircraft upgrades and modifications to maximize the value of their aircraft. EvoX allows customers to bundle state-of-the-art avionics, cutting-edge connectivity solutions, exclusive luxurious interior refurbishments and sleek exterior upgrades into one easy to schedule and complete comprehensive modification package.

Textron Inc. (NYSETXT) will release its third quarter 2024 financial results on Thursday morning, October 24, 2024.

Textron Aviation today announced customers can now upgrade their Cessna Citation XLS+ and Citation XLS Gen2 aircraft with the Garmin G5000 integrated flight deck following Garmin’s receipt of FAA supplemental type certification (STC) for the avionics upgrade. Customers can have the upgrade installed at selected domestic Textron Aviation Service Centers to add significant technological advances and new capabilities to their aircraft.

Textron Aviation Inc., a Textron Inc. (NYSETXT) company, today announced that the company has received Federal Aviation Administration (FAA) approval of the company’s new Safety Management System (SMS) implementation plan to support the design and manufacturing of Cessna and Beechcraft aircraft. This approval builds on the company’s previously FAA-accepted and approved SMS program supporting the maintenance and support of iconic Cessna and Beechcraft aircraft, and underscores the company’s dedication to maintaining the highest standards of product quality at every level of operations.

RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.

TRU Simulation + Training Inc., a Textron Inc. (NYSETXT) company recently announced delivery of the Beechcraft T-6C Texan II Operational Flight Trainer (OFT) to the Tunisian Air Force. Additional items delivered with the OFT include a Computer Based Training (CBT) Lab with eight workstations, two Avionics Desktop Trainings (ADTs) and field services. The OFT will be the first device of its kind within the region and will support flight training needs at the Sfax Air Base in Sfax, Tunisia.

RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) --  Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.