Textron

TRU Simulation Awarded the Multi-Engine Training System Ground Based Training System Contract

Retrieved on: 
Friday, March 1, 2024

TRU Simulation announced today the company has been awarded the Multi-Engine Training System (METS) Ground Based Training System (GBTS) contract by Naval Air Warfare Center – Training Systems Division (NAWCTSD).

Key Points: 
  • TRU Simulation announced today the company has been awarded the Multi-Engine Training System (METS) Ground Based Training System (GBTS) contract by Naval Air Warfare Center – Training Systems Division (NAWCTSD).
  • View the full release here: https://www.businesswire.com/news/home/20240229824322/en/
    TRU Simulation Multi-Engine Training System (METS) Ground Based Training System (GBTS) (Photo: Business Wire)
    TRU Simulation + Training Inc., an affiliate of Textron Aviation Inc. , is a Textron Inc. (NYSE:TXT) company that designs, manufactures and delivers high-fidelity training devices and full-motion simulators for civil and defense customers.
  • “We are honored the U.S. Navy has selected TRU Simulation to fulfill its modeling and simulation training needs by leveraging TRU’s history of building high-fidelity training devices,” said Jerry Messaris, vice president and general manager, TRU Simulation.
  • The TRU Simulation team is pleased to support them in this mission.”
    The contract was awarded through a full and open competition.

Cessna Grand Caravan EX Amphibian extends reach in Southeast Asia with delivery in Malaysia

Retrieved on: 
Sunday, February 18, 2024

Textron Aviation today announced the delivery of a new Cessna Grand Caravan EX Amphibian turboprop to Malaysian property developer, Ikhasas Sdn Bhd, via its subsidiary company Oriental Sky Sdn Bhd.

Key Points: 
  • Textron Aviation today announced the delivery of a new Cessna Grand Caravan EX Amphibian turboprop to Malaysian property developer, Ikhasas Sdn Bhd, via its subsidiary company Oriental Sky Sdn Bhd.
  • This will be the country’s first amphibious airplane operation in recent history after it gained necessary approvals from the Civil Aviation Authority of Malaysia to launch domestic operations in 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240216837400/en/
    Oriental Sky’s Grand Caravan EX Amphibian (Photo: Business Wire)
    The Cessna Grand Caravan EX Amphibian is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company.
  • At the same time, we preserve the islands’ pristine environment and natural forests which would otherwise be felled for airport construction.”
    “We are honored for Grand Caravan EX Amphibian to be selected.

Textron Aviation’s Cessna Skycourier Chosen by Hinterland Aviation for Fleet Expansion, Revolutionizing Regional Connectivity in Australia

Retrieved on: 
Monday, February 19, 2024

Textron Aviation today announced a purchase agreement for the first Cessna SkyCourier passenger variant in Australia to regional airline Hinterland Aviation.

Key Points: 
  • Textron Aviation today announced a purchase agreement for the first Cessna SkyCourier passenger variant in Australia to regional airline Hinterland Aviation.
  • The aircraft, expected to deliver in 2026, will add to Hinterland’s expansive fleet of Cessna Grand Caravans to provide a greater payload capacity and increased passenger seating.
  • This fleet expansion will greatly benefit remote communities, as well as the tourism and business sectors in Queensland.
  • View the full release here: https://www.businesswire.com/news/home/20240216111142/en/
    The Cessna SkyCourier is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company.

Textron Declares Quarterly Dividend

Retrieved on: 
Wednesday, February 21, 2024

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

Key Points: 

The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company’s Common Stock.
All dividends will be paid on April 1, 2024 to holders of record at the close of business on March 15, 2024.

TRU Simulation celebrates 10 years of innovation in flight simulation

Retrieved on: 
Thursday, February 15, 2024

“We are thrilled to celebrate TRU Simulation’s 10th anniversary, a significant milestone that showcases our commitment to excellence in advanced aviation simulation.

Key Points: 
  • “We are thrilled to celebrate TRU Simulation’s 10th anniversary, a significant milestone that showcases our commitment to excellence in advanced aviation simulation.
  • We owe our success to our loyal customers and dedicated employees who have been instrumental in shaping our journey.
  • Their trust and support have allowed us to deliver cutting-edge training tools that empower pilots to navigate the skies confidently,” said Jerry Messaris, vice president and general manager, TRU Simulation.
  • TRU prides itself on customizing simulator devices to meet specific customer needs while meeting or exceeding all regulatory requirements.

Textron Aviation bolsters support in the Kingdom of Saudi Arabia through expanding relationship with Wallan Group

Retrieved on: 
Wednesday, February 7, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240206229102/en/
    Beechcraft King Air 360 (Photo: Business Wire)
    The Beechcraft King Air is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company.
  • “Wallan Group has a proven track record of providing quality maintenance and excellent service to our Cessna Citation customers,” said Bob Gibbs, vice president, Special Mission Sales, Textron Aviation.
  • “With an established and growing base of King Air aircraft in the Kingdom, this latest authorization provides an even greater level of convenience and in-country support.”
    Wallan Group has served as an authorized service facility for Cessna Citation jets since 2008.
  • With Textron Aviation’s focused sales and support efforts in the Kingdom, the company looks forward to its continuing relationship with the Wallan Group and support of customers within the Kingdom.

Textron Reports Fourth Quarter 2023 Results; Announces 2024 Financial Outlook

Retrieved on: 
Wednesday, January 24, 2024

Textron Inc. (NYSE: TXT) today reported fourth quarter 2023 income from continuing operations of $1.01 per share, as compared to $1.07 per share in the fourth quarter of 2022.

Key Points: 
  • Textron Inc. (NYSE: TXT) today reported fourth quarter 2023 income from continuing operations of $1.01 per share, as compared to $1.07 per share in the fourth quarter of 2022.
  • “2023 was a strong year at Textron with solid revenue and profit growth along with segment profit margin expansion,” said Textron Chairman and CEO Scott C. Donnelly.
  • Textron is forecasting 2024 revenues of approximately $14.6 billion, up from $13.7 billion in 2023.
  • Textron will host its conference call today, January 24, 2024 at 8:00 a.m. (Eastern) to discuss its results and outlook.

S&T Bancorp Welcomes Bhaskar Ramachandran to its Board of Directors

Retrieved on: 
Wednesday, January 24, 2024

INDIANA, Pa., Jan. 24, 2024 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced today that Bhaskar Ramachandran will join its board of directors. With 30 years of experience leading cybersecurity and information technology programs for Fortune 500 companies, Ramachandran adds deep expertise in digital business strategies, emerging technologies and cyber risk management to S&T's board.

Key Points: 
  • INDIANA, Pa., Jan. 24, 2024 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced today that Bhaskar Ramachandran will join its board of directors.
  • With 30 years of experience leading cybersecurity and information technology programs for Fortune 500 companies, Ramachandran adds deep expertise in digital business strategies, emerging technologies and cyber risk management to S&T's board.
  • Since 2021, Ramachandran has served as global vice president and chief information officer of PPG, a Pittsburgh-based, global supplier of paints, coatings and specialty materials.
  • Prior to joining Jabil, Ramachandran held various information technology leadership roles at Textron Inc.
    "We are excited to welcome Bhaskar to our board of directors," said Christine Toretti, chair of the S&T board of directors.

Global Drone Logistics and Transportation Industry Analysis Report 2023-2030: Close-Range Drones Dominate the Market, Ideal for Urban Deliveries, Freight Drones Show Highest Growth Potential

Retrieved on: 
Friday, January 19, 2024

Growing involvement of commercial aviation enterprises and government investments in infrastructure are stimulating competition and innovation of drone logistics and transport market.

Key Points: 
  • Growing involvement of commercial aviation enterprises and government investments in infrastructure are stimulating competition and innovation of drone logistics and transport market.
  • The Asia Pacific region is estimated to account for the largest share of 37.7% of the drone logistics and transportation market in 2023.
  • Based on platform, the DLT market is segmented into freight drones, passenger drones, and air ambulance drones.
  • Based on application, the drone logistics and transportation market has been segmented into logistics and transportation.

Textron to Release Fourth Quarter Results on January 24, 2024

Retrieved on: 
Friday, December 22, 2023

Textron Inc. (NYSE: TXT) will release its fourth quarter 2023 financial results on Wednesday morning, January 24, 2024.

Key Points: 
  • Textron Inc. (NYSE: TXT) will release its fourth quarter 2023 financial results on Wednesday morning, January 24, 2024.
  • Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company’s outlook.
  • The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 2046023.
  • In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Wednesday, January 24, 2024 by dialing (402) 970-0847; Access Code: 4065507.