Textron is a diversified multinational company that engages in the design, manufacturing, and service of a wide range of products and technologies in various sectors, including aerospace, defense, and industrial
The company is well-known for producing aircraft, specifically in the general aviation and military sectors, as well as a variety of vehicles such as golf carts and off-road vehicles. Additionally, Textron provides support services and advanced systems to enhance the operational capabilities of its products. Through innovation and engineering excellence, Textron aims to meet the evolving needs of its global customer base while maintaining high standards in safety and sustainability.
Textron Aviation today announced the tenth anniversary of the company’s innovative Top Hawk program designed to provide students with access to the world’s most popular trainer aircraft, the Cessna Skyhawk. As part of this milestone, which coincides with the 70th anniversary of the iconic aircraft, 2025 participants include United Flight Systems, Lunken Flight Training Center, Flex Air and VNE Aviation, the program’s first UK recipient.
Textron Aviation today announced that the company is celebrating the 40th anniversary of the Cessna Caravan single-engine utility turboprop with customers throughout the year, recognizing its growth and popularity throughout the world during the past four decades.
Textron Aviation, in collaboration with Aeromot Aeronaves and Motores S.A., today announced a Cooperation Agreement to develop an in-air openable jump/cargo drop door for Cessna Caravan aircraft at the Aeromot facility in Brazil. Aeromot is an aeronautical technology company specializing in the sale of aircraft, parts and components, aeronautical maintenance and solutions for special missions.
TRU Simulation + Training Inc. today announced the acceptance of the first of three Unit Training Device (UTD) simulators as part of the Multi-Engine Training System (METS) Ground Based Training System (GBTS) contract by Naval Air Warfare Center – Training Systems Division (NAWCTSD). In addition, a recent contract modification exercised added options outlined in the contract base award, including upgrading two UTDs, the delivery of four additional OFTs and extension of various support services.
Textron Aviation today announced an additional high-speed internet connectivity solution for the Cessna Citation X and X+ 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 constellation of Low Earth Orbit (LEO) satellites to provide more reliable connectivity over land, water and remote areas, where traditional in-flight Wi-Fi may not have service.
Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, recently celebrated the 10-year anniversary of its Interiors Manufacturing Facility (IMF), a milestone that represents the company’s dedication to designing and creating a customer’s ideal aircraft environment with unmatched quality and craftsmanship. During the past decade, the highly skilled team at IMF has played a pivotal role in crafting unique and custom interiors for Cessna and Beechcraft aircraft, setting high standards in the aviation industry.
Over the last six months, Textron’s shares have sunk to $73.65, producing a disappointing 15.3% loss while the S&P 500 was flat. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Textron Inc. (NYSE: TXT) announced that Rob Mionis has been elected to the company's Board of Directors, effective March 1, 2025. Mionis is the President and Chief Executive Officer of Celestica Inc., a multinational leader in design, manufacturing, hardware platform and innovative supply chain solutions for a wide range of industries including aerospace, industrial and communications. Celestica’s solutions span design and engineering through to after-market services. Headquartered in Toronto, Canada, Celestica employs approximately 27,000 people across 40 locations in the Americas, Asia and Europe, and generated $9.7 billion in revenue in 2024. Mionis has served as Celestica’s CEO since 2015.
Textron Aviation announced today an expansion of its footprint in Australia with the construction of a larger and modernized service facility at Essendon Fields Airport in Melbourne to maximize support for Cessna, Beechcraft and Hawker customers in the region. The new facility will add more space for servicing aircraft, aiding in faster scheduling with minimal down time to keep customers flying. Construction is set to begin March 2025 and Textron Aviation expects to be fully functional in the new facility by early 2026.
Textron Aviation today announced the first delivery into Canada for its twin-engine, large-utility turboprop, the Cessna SkyCourier, to Air Bravo Corporation. Air Bravo is a passenger, cargo and air ambulance flight service company based in Thunder Bay, Sudbury, Barrie and Meaford, Ontario. The aircraft – a freighter variant – will be used to transport cargo throughout the region.
Textron Aviation Defense LLC, a Textron Inc. (NYSE:TXT) 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 said that the deliveries for the FAcT program are expected to begin in the first half of 2028. The Beechcraft King Air 260 will replace the fleet of Beechcraft King Air C-90B aircraft that has served the RCAF for decades.
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 Chairman and CEO Scott C. Donnelly acknowledged that a work stoppage at Textron Aviation impacted the company’s 2024 financial results but highlighted that the firm saw strong order activity.
Aerospace and defense company Textron (NYSE:TXT) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7.2% year on year to $3.61 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $14.7 billion at the midpoint. Its non-GAAP profit of $1.34 per share was 6.8% above analysts’ consensus estimates.
Textron reports Q4 results, misses sales expectations but meets EPS estimates. Aviation and Bell segments drive revenue growth while Industrial segment faces challenges. FY25 outlook shows growth and improved margins.
