Textron

Textron Aviation announces order for 40 Cessna Skyhawks to support pilot training for ATP Flight School

Retrieved on: 
Friday, June 30, 2023
Education, Air, Transport, Manufacturing, Other Education, Other Manufacturing, Other Transport, Maintenance, Skyhawk, Aviation, ATP, Multimedia, ATP Flight School, Textron Aviation, Student, Textron, Cessna 172, Cessna, NYSE, Aircraft, Airline, Marketing

Textron Aviation today announced an agreement with ATP Flight School for the purchase of 40 Cessna Skyhawk aircraft to be delivered in 2025.

Key Points: 
  • Textron Aviation today announced an agreement with ATP Flight School for the purchase of 40 Cessna Skyhawk aircraft to be delivered in 2025.
  • (Photo: Business Wire)
    The Cessna Skyhawk is designed and manufactured by Textron Aviation Inc. , a Textron Inc. (NYSE:TXT) company.
  • In October 2022, ATP and Textron Aviation agreed to the purchase of 55 Cessna Skyhawks, with deliveries starting in the third quarter of 2023.
  • “The Cessna Skyhawk has been the standard in aircraft training for over six decades,” said Chris Crow, vice president, Textron Aviation Piston Sales.

Textron to Release Second Quarter Results on July 27, 2023

Retrieved on: 
Tuesday, June 27, 2023
Automotive Manufacturing, Aerospace, Manufacturing, Professional Services, Other Energy, Other Defense, Defense, Insurance, Energy, Finance, Chemicals, Plastics, Access code, Textron, Webcast, NYSE, Inc.

Textron Inc. (NYSE: TXT) will release its second quarter 2023 financial results on Thursday morning, July 27, 2023.

Key Points: 
  • Textron Inc. (NYSE: TXT) will release its second quarter 2023 financial results on Thursday morning, July 27, 2023.
  • 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: 7265882.
  • In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, July 27, 2023 by dialing (402) 970-0847; Access Code: 8467989.

XTEND DEFENSE ACHIEVES FULL NDAA COMPLIANCE ACROSS ITS RANGE OF HUMAN-GUIDED AUTONOMOUS DRONES

Retrieved on: 
Tuesday, June 27, 2023
Maintenance, Business development, HLS, Human, GPS, Partnership, U.S. Department of Defense Strategy for Operating in Cyberspace, UAS, National security, NDAA, General Dynamics, GE, ISR, Intelligence, Data collection, Lockheed, Textron, Government, TEL, Wolverine, Federal government of the United States, XOS, Washington Convention Center, National Defense Authorization Act for Fiscal Year 2008, TURBINE (US government project), MDM, Environment, Family, Injury, Surveying, Defense, Modern, Griffon

TEL AVIV, Israel and WASHINGTON, June 27, 2023 /PRNewswire/ -- At the Modern Day Marine (MDM) Expo, XTEND, developer of a human-guided autonomous operating system (XOS) which is revolutionizing the way humans interact with drones, has today announced that its range / family of XTENDER, Wolverine and Griffon drones have achieved full NDAA compliance. The company will be increasing US-based production in response to a growing demand for its revolutionary, robust, affordable solutions from the US Department of Defense and the wider US Government technology community.

Key Points: 
  • "Our compliance with the National Defense Authorization Act (NDAA) further strengthens XTEND's ongoing collaboration with the U.S. Department of Defense and supercharges our US expansion," says Robert Peters, XTEND Defense's General Manager.
  • XTEND's drone systems allow any operator to perform extremely accurate maneuvers and actions, in any environment with minimal training.
  • As part of XTEND's continued expansion in the US market, it has recently appointed Robert Peters as General Manager of XTEND Defense.
  • XTEND's range of fully NDAA compliant, human-guided autonomous drones includes:
    XTENDER - a new micro tactical indoor ISR system that enables any operator to perform accurate remote multi-mission tasks in complex environments.

XTEND DEFENSE ACHIEVES FULL NDAA COMPLIANCE ACROSS ITS RANGE OF HUMAN-GUIDED AUTONOMOUS DRONES

Retrieved on: 
Tuesday, June 27, 2023
Maintenance, Business development, HLS, Human, GPS, Partnership, U.S. Department of Defense Strategy for Operating in Cyberspace, UAS, National security, NDAA, General Dynamics, GE, ISR, Intelligence, Data collection, Lockheed, Textron, Government, TEL, Wolverine, Federal government of the United States, XOS, Washington Convention Center, National Defense Authorization Act for Fiscal Year 2008, TURBINE (US government project), MDM, Environment, Family, Injury, Surveying, Defense, Modern, Griffon

TEL AVIV, Israel and WASHINGTON, June 27, 2023 /PRNewswire/ -- At the Modern Day Marine (MDM) Expo, XTEND, developer of a human-guided autonomous operating system (XOS) which is revolutionizing the way humans interact with drones, has today announced that its range / family of XTENDER, Wolverine and Griffon drones have achieved full NDAA compliance. The company will be increasing US-based production in response to a growing demand for its revolutionary, robust, affordable solutions from the US Department of Defense and the wider US Government technology community.

Key Points: 
  • "Our compliance with the National Defense Authorization Act (NDAA) further strengthens XTEND's ongoing collaboration with the U.S. Department of Defense and supercharges our US expansion," says Robert Peters, XTEND Defense's General Manager.
  • XTEND's drone systems allow any operator to perform extremely accurate maneuvers and actions, in any environment with minimal training.
  • As part of XTEND's continued expansion in the US market, it has recently appointed Robert Peters as General Manager of XTEND Defense.
  • XTEND's range of fully NDAA compliant, human-guided autonomous drones includes:
    XTENDER - a new micro tactical indoor ISR system that enables any operator to perform accurate remote multi-mission tasks in complex environments.

Textron Elects Retired General Michael X. Garrett to Board of Directors

Retrieved on: 
Monday, June 26, 2023
Other Defense, Other Energy, Professional Services, Energy, Defense, Chemicals, Plastics, Insurance, Air, Transport, Automotive Manufacturing, Finance, Aerospace, Manufacturing, Defense Superior Service Medal, Textron, Xavier University, Central Command, Inc., United States Army Reserve Command, Army, United States Army Forces Command, COVID-19, Fayetteville State University, United States Central Command, Multimedia, Retirement, Trust, Distinguished Service Medal (U.S. Army), Middle, General Garrett, United States Department of the Army, Infantry, 75th Ranger Regiment, United States Army, FORSCOM, Ranger, Distinguishing, NYSE, Commanding officer, Donnelly (surname), Management

Textron Inc. (NYSE: TXT) announced that Michael X. Garrett has been elected to the company's Board of Directors, effective July 1, 2023.

Key Points: 
  • Textron Inc. (NYSE: TXT) announced that Michael X. Garrett has been elected to the company's Board of Directors, effective July 1, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230626643037/en/
    Michael X. Garrett has been elected to Textron's Board of Directors effective July 1, 2023.
  • (Photo: Business Wire)
    “We are honored to add General Garrett to our Board," said Textron Chairman and CEO Scott Donnelly.
  • As FORSCOM Commander, General Garrett led 750,000 combat and support personnel through the COVID-19 pandemic and a shifting global security landscape.

Urban Air Mobility Market worth $28.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

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Thursday, June 22, 2023
Aircraft, Hydrogen, Vertical Aerospace, Component, Combat, Boeing Passenger Air Vehicle, Defense, Flat-twin engine, Hydrogen Electric Racing Federation, ISR, Air medical services, Personal air vehicle, Civil, Entity component system, Cargo, Dallas CBD Vertiport, Textron, City, Growth, Commercial, Ecosystem, Transport, UAM, Vector (mathematics and physics), Rotorcraft, Pet industry, Health care, Software, Platform, Agriculture, Region

The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.

Key Points: 
  • The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.
  • The autonomous segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • The ridesharing companies' segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of urban air mobility in this region.

Urban Air Mobility Market worth $28.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, June 22, 2023
Aircraft, Hydrogen, Vertical Aerospace, Component, Combat, Boeing Passenger Air Vehicle, Defense, Flat-twin engine, Hydrogen Electric Racing Federation, ISR, Air medical services, Personal air vehicle, Civil, Entity component system, Cargo, Dallas CBD Vertiport, Textron, City, Growth, Commercial, Ecosystem, Transport, UAM, Vector (mathematics and physics), Rotorcraft, Pet industry, Health care, Software, Platform, Agriculture, Region

The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.

Key Points: 
  • The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period.
  • The autonomous segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • The ridesharing companies' segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period.
  • Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of urban air mobility in this region.

CPI Aerostructures Appoints Aerospace Industry Executive Rick Rosenjack to its Board of Directors

Retrieved on: 
Tuesday, June 20, 2023
Textron, Bell, BS, University, CPI, Senior, Harvard University, Graduate School of Management, Wharton School of the University of Pennsylvania, Advanced Management Program, Bethel University, Bell Textron, CPI Aerostructures, MBA, Triumph Group, Vanderbilt, Precision Castparts Corp., Triumph, NYSE, Management

EDGEWOOD, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or “Company”)) (NYSE American: CVU) announced that its Board of Directors has appointed Rick Rosenjack as a new independent member of the Board effective immediately.

Key Points: 
  • EDGEWOOD, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or “Company”)) (NYSE American: CVU) announced that its Board of Directors has appointed Rick Rosenjack as a new independent member of the Board effective immediately.
  • As a result of this appointment, CPI Aero has filled one of its two vacant Class II director seats.
  • Mr. Rosenjack, 64, brings to CPI Aero 38 years of aerospace experience, and has twice led multi-site, international businesses with $1 billion in annual revenue.
  • Mr. Rosenjack earned a BS degree from Bethel University and an MBA degree from Vanderbilt University’s Owen Graduate School of Management.

Commercial Helicopters Market Analysis 2023-2032: Market Size, Competitive Landscape, And Major Players Strategies - By The Business Research Company

Retrieved on: 
Thursday, June 15, 2023
Textron, Urbanization, Lockheed Martin, Internet, Internet of things, Law enforcement, Russian Helicopters, Carbon, SE, Growth, UAV, OEM, Airbus Corporate Jets, Texas Air Corporation, Transport, Airline, Airbus

LONDON, June 15, 2023 /PRNewswire/ -- As per The Business Research Company's Commercial Helicopters Global Market Report 2023, the global commercial helicopters market size will grow from $28.2 billion in 2022 to $28.7 billion in 2023 at a compound annual growth rate (CAGR) of more than 1%. The global commercial helicopters market size is then expected to grow to $39 billion in 2027 at a CAGR of more than 7%. Going forward, growing demand for air taxi, rise in air transportation, increasing commercial aircraft orders, growth in offshore oil and gas industry and growing urbanization will drive the commercial helicopters market growth.

Key Points: 
  • The global commercial helicopters market size is then expected to grow to $39 billion in 2027 at a CAGR of more than 7%.
  • Going forward, growing demand for air taxi, rise in air transportation, increasing commercial aircraft orders, growth in offshore oil and gas industry and growing urbanization will drive the commercial helicopters market growth.
  • The global commercial helicopters market is concentrated, with a few large players.
  • The Business Research Company recommends players in the commercial helicopters market to focus on market-trend-based strategies such as development of drone taxis and UAV commercial helicopters, use of technologies such as artificial intelligence technology and internet of things (IoT), and seek strategic partnerships and collaborations to expand their product portfolio.

17th Annual Electric Aircraft Symposium to Highlight AAM Progress

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Wednesday, June 14, 2023
Aircraft, Diamond, CAE, Aviation, Skydrive, EAA AirVenture Oshkosh, CAMI, NASA, Investment, Air force, Policy, Transport, Piper, Assistant Secretary of Transportation for Aviation and International Affairs, EAS, University, Atmosphere, VFS, Certification, Organization, National Civil Aviation Policy, Beta Technologies, Community integration, Engineering, United States Air Force, Experimental Aircraft Association, Vertical Flight Society, AAM, Assistant, Government, United States Department of Transportation, DOT, University of Wisconsin–Oshkosh, Fox Cities Campus, Horacio Estol, Q&A, ZeroAvia, Joby Aviation, State, CDT, EAA, Airline, Wisk, Textron, Lilium

FAIRFAX, Va., June 14, 2023 /PRNewswire-PRWeb/ -- More than 40 of the world's leading electric aircraft developers and technology experts will be speaking at the 17th Annual Electric Aircraft Symposium (EAS), hosted by the Vertical Flight Society (VFS). The event will once again be held online and in person in Oshkosh, Wisconsin, on July 22–23, 2023 — the weekend prior to the Experimental Aircraft Association (EAA) AirVenture 2023.

Key Points: 
  • FAIRFAX, Va., June 14, 2023 /PRNewswire-PRWeb/ -- More than 40 of the world's leading electric aircraft developers and technology experts will be speaking at the 17th Annual Electric Aircraft Symposium (EAS), hosted by the Vertical Flight Society (VFS).
  • It's organized by industry and government leaders of advanced air mobility (AAM) to provide updates to the community and the public.
  • A special feature this year is a panel organized to support the US government's AAM Interagency Working Group.
  • Each moderated panel session will include a Q&A discussion with presenters and attendees — a hallmark of the annual Electric Aircraft Symposium.