Textron

Textron Aviation and NetJets sign record-breaking fleet agreement for up to 1,500 Cessna Citation jets

Retrieved on: 
Wednesday, September 20, 2023

Textron Aviation and NetJets® today announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years.

Key Points: 
  • Textron Aviation and NetJets® today announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years.
  • This agreement extends NetJets’ existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend , Citation Latitude and Citation Longitude aircraft.
  • View the full release here: https://www.businesswire.com/news/home/20230919522881/en/
    Today's announcement extends NetJets' existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft.
  • There are currently six Citation models in production: Citation M2 Gen2, Citation CJ3+ , Citation CJ4 Gen2 , Citation XLS Gen2, Citation Latitude and Citation Longitude , with the Citation Ascend under development.

ShopOne and its JV Partners Expand Presence in New England, Acquiring Grocery-Anchored North Providence Marketplace Shopping Center in Rhode Island

Retrieved on: 
Monday, September 18, 2023

(“ShopOne”), Pantheon, and a leading global institutional investor, announced that it has acquired North Providence Marketplace, a 112,497 square-foot grocery-anchored shopping center located in North Providence, R.I.

Key Points: 
  • (“ShopOne”), Pantheon, and a leading global institutional investor, announced that it has acquired North Providence Marketplace, a 112,497 square-foot grocery-anchored shopping center located in North Providence, R.I.
  • North Providence Marketplace has been a fixture of the North Providence community for over 50 years, and is considered the dominant center of its kind in the trade area.
  • “We are pleased to have acquired North Providence Marketplace, a high traffic institutional-quality grocery-anchored shopping center serving a fundamentally strong and established trade area,” stated Chris Reed, Chief Investment Officer at ShopOne.
  • North Providence Marketplace marks the 14th asset the JV has acquired since its formation in March 2022, and is the fourth grocery-anchored shopping center it has acquired in 2023.

McCauley's new high-performance propeller for Beechcraft King Air B300 series enters into service

Retrieved on: 
Tuesday, September 19, 2023

McCauley Propeller Systems today announced the first delivery and entry into service of its newest C780 propeller for the Beechcraft King Air B300 series, following its successful installation at Textron Aviation’s Tampa Service Center.

Key Points: 
  • McCauley Propeller Systems today announced the first delivery and entry into service of its newest C780 propeller for the Beechcraft King Air B300 series, following its successful installation at Textron Aviation’s Tampa Service Center.
  • View the full release here: https://www.businesswire.com/news/home/20230918224088/en/
    The newest C780 propeller for the Beechcraft King Air B300 series offers King Air customers increased performance, a quieter cabin and greater efficiency.
  • The Textron Aviation Service Center installed the first C780 propeller on a Beechcraft King Air 350 owned by ExecuJet Charter Service, Inc.
  • The aircraft is going to look and perform incredibly well.”
    With the new C780 propeller, King Air B300 owners and operators will experience:
    King Air B300 customers can have the propeller installed on their aircraft at a Textron Aviation Service Center or Authorized McCauley Service Facility without any additional modifications required.

Textron Aviation expands Interior Manufacturing Facility to support demand for custom Cessna and Beechcraft aircraft interiors

Retrieved on: 
Monday, September 18, 2023

Textron Aviation today announced the company is adding 16,000 square feet to its Interior Manufacturing Facility (IMF) to support growing demand for unique and custom Cessna and Beechcraft aircraft interiors.

Key Points: 
  • Textron Aviation today announced the company is adding 16,000 square feet to its Interior Manufacturing Facility (IMF) to support growing demand for unique and custom Cessna and Beechcraft aircraft interiors.
  • The expansion enables Textron Aviation to streamline production processes by centralizing machinery within the space to support efficient interior manufacturing for its entire lineup of Cessna Citation jets, as well as Beechcraft King Air and Cessna SkyCourier turboprop aircraft.
  • View the full release here: https://www.businesswire.com/news/home/20230918047320/en/
    Textron Aviation has announced the addition of 16,000 square feet to its Interior Manufacturing Facility (IMF) to support growing demand for unique and custom Cessna and Beechcraft aircraft interiors.
  • (Photo: Business Wire)
    Cessna and Beechcraft aircraft are designed and manufactured by Textron Aviation Inc ., a Textron Inc. (NYSE: TXT) company.

Surge in Military Expenditure Bolsters the Global Military Market to a Predicted $8.8 Billion by 2028, Reveals New Report

Retrieved on: 
Saturday, September 16, 2023

DUBLIN, Sept. 15, 2023 /PRNewswire/ -- The "Military Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Sept. 15, 2023 /PRNewswire/ -- The "Military Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The global military market is on a promising trajectory, with significant opportunities in air force, army, and navy applications.
  • Major companies in the military market include General Dynamics, BAE Systems, Northrop Grumman, CACI International, Collins Aerospace, Boeing, Textron Inc., Navistar Defense, and Raytheon.
  • Key Questions Answered in the Report:
    What are the high-growth opportunities in the global military market by product type, application, and region?

GE Aerospace selected by Bell for V-280 Valor Future Long-Range Assault Aircraft

Retrieved on: 
Thursday, September 7, 2023

GE Aerospace today announced the selection by Bell Textron Inc., a Textron company, for work on the development of a Common Open Architecture Digital Backbone (COADB), Voice and Data Recorder , and the Health Awareness System (HAS) for the Bell V-280 Valor.

Key Points: 
  • GE Aerospace today announced the selection by Bell Textron Inc., a Textron company, for work on the development of a Common Open Architecture Digital Backbone (COADB), Voice and Data Recorder , and the Health Awareness System (HAS) for the Bell V-280 Valor.
  • Following the U.S. Army’s Future Long-Range Assault Aircraft (FLRAA) program contract award, the V-280 Valor will enable the U.S. Army and its allies to maintain battlefield superiority including transformational capabilities in speed, range, payload, and endurance.
  • The GE Aerospace systems will be part of an open, scalable, high-speed data infrastructure consistent with the U.S. Army’s Modular Open Systems Approach (MOSA) that enables rapid testing, verification, and fielding of mission-focused capabilities for future vertical lift programs.
  • Bell and GE Aerospace are incorporating these advanced capabilities on the Bell V-280 Valor and Bell 360 Invictus as part of the FLRAA and FARA programs, and working with the Army to set the standards for quicker, more affordable upgrades in capability as technologies and mission requirements evolve.

Pace Technology and Perry Weather Transform Weather Monitoring for Golf Courses

Retrieved on: 
Tuesday, August 29, 2023

DALLAS, Aug. 29, 2023 /PRNewswire-PRWeb/ -- Golf-course operators now have a new way to keep golfers informed of emerging weather conditions using a new offering from Perry Weather, the foremost authority in golf course weather safety solutions, and Pace Technology, the premier brand in connected golf-car technology.

Key Points: 
  • Pace Technology, a provider of connected golf car technology, has partnered with Perry Weather, a leader in golf course weather safety solutions, to offer real-time weather monitoring on golf cart screens.
  • DALLAS, Aug. 29, 2023 /PRNewswire-PRWeb/ -- Golf-course operators now have a new way to keep golfers informed of emerging weather conditions using a new offering from Perry Weather, the foremost authority in golf course weather safety solutions, and Pace Technology, the premier brand in connected golf-car technology.
  • Pace Technology partners with Perry Weather to provide real-time weather monitoring on golf carts, improving safety and the golf experience.
  • Colin Perry at Perry Weather, concurred, "Joining forces with TSV underscores our commitment to delivering cutting-edge weather monitoring solutions specifically tailored to golf courses.

Bell Places Moog Under Contract For FLRAA, V-280 Valor

Retrieved on: 
Thursday, August 24, 2023

Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company has been placed under contract with Bell Textron Inc., a Textron company, and work is underway for the U.S. Army’s Future Long Range Assault Aircraft (FLRAA), the Bell V-280 Valor.

Key Points: 
  • Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the company has been placed under contract with Bell Textron Inc., a Textron company, and work is underway for the U.S. Army’s Future Long Range Assault Aircraft (FLRAA), the Bell V-280 Valor.
  • The contract initially funds core design and development activities through the Middle Tier Acquisition (MTA) phase of the program.
  • The transformational features of Bell’s next-generation tiltrotor represent the most operationally effective aircraft for the U.S. Army's long-range air assault requirements.
  • Doubling the speed and range of conventional helicopters, the Bell V-280 Valor will provide unmatched operational agility to self-deploy and perform a multitude of vertical lift missions currently unachievable in today's aircraft.

Rob Scholl Named President & CEO of Textron Specialized Vehicles Inc.; Kriya Shortt Named President & CEO of Textron eAviation

Retrieved on: 
Monday, August 21, 2023

Textron Inc. (NYSE: TXT) today announced that Rob Scholl, president & CEO of Textron eAviation, has been named president & CEO of Textron Specialized Vehicles Inc. and Kriya Shortt, senior vice president, Global Parts & Distribution, at Textron Aviation, has been named president & CEO of Textron eAviation, succeeding Scholl.

Key Points: 
  • Textron Inc. (NYSE: TXT) today announced that Rob Scholl, president & CEO of Textron eAviation, has been named president & CEO of Textron Specialized Vehicles Inc. and Kriya Shortt, senior vice president, Global Parts & Distribution, at Textron Aviation, has been named president & CEO of Textron eAviation, succeeding Scholl.
  • With 17 years of experience at Textron, Scholl has served in leadership roles across the company, including senior vice president, Global Sales & Flight Operations, vice president, Parts & Programs and vice president, Marketing at Textron Aviation.
  • Most recently, she served as senior vice president, Global Parts & Distribution, and president of Able Aerospace and McCauley Propeller Systems.
  • She has also served as senior vice president, Customer Service, senior vice president, Sales, and vice president, International Sales.

Albany International Appoints Gunnar Kleveland as President and Chief Executive Officer

Retrieved on: 
Monday, August 21, 2023

Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1.

Key Points: 
  • Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1.
  • Mr. Kleveland is a seasoned executive with nearly two decades of industrial and aerospace leadership experience at Textron Inc.
  • He also held various leadership roles in strategic sourcing, supply chain and logistics at Bell Helicopter, including as Executive Vice President of Integrated Operations.
  • “We are pleased to have identified such an accomplished and experienced executive and are confident that he is the right person to lead Albany.