Core Viewpoint - TRU Simulation has launched the Veris™ Virtual Reality Flight Simulator, designed to provide a cost-effective and innovative solution for pilot training, particularly for helicopter and fixed-wing model customers [1][2] Company Overview - TRU Simulation + Training Inc. is an affiliate of Textron Aviation Inc., specializing in high-fidelity training devices and full-motion simulators for both civil and defense sectors [1][6] - The company has been a leader in flight simulation technology for over a decade, focusing on delivering safe and realistic training experiences [7] Product Features - The Veris simulator features a clean-sheet design that combines full flight simulator capabilities with immersive virtual reality technology [1][2] - It includes a fully electric six degrees-of-freedom motion base, TRU's REALFeel control loading system, tactile cockpit panels, and a VR headset for an immersive experience [3][4] - The simulator is designed to meet FAA flight training device level 7 and EASA flight training device level 3 standards, with certification activities currently in process [2] Launch and Collaboration - Bell Training Academy has been named the launch customer for the Veris simulator, which will be used for training on the Bell 505 helicopter [1][3] - The collaboration aims to provide advanced training solutions to the growing customer base of the Bell 505 [3] Technological Advancements - The Veris simulator incorporates state-of-the-art components, including a new Image Generator powered by Unreal Engine®, custom modeled airports, and a digital electric control loading system [4] - The simulator is designed to accommodate multiple rotorcraft and fixed-wing aircraft types, enhancing its versatility [4]

Core Insights - The article emphasizes the importance of utilizing Zacks Premium and its various tools to enhance investment confidence and market advantage [1] Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum characteristics, helping investors identify securities likely to outperform the market in the short term [2] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Style Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Style Score helps investors capitalize on price trends by evaluating recent price changes and earnings estimate revisions [3] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for stock selection [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to identify stocks with strong potential, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - There are typically over 800 top-rated stocks available, making selection challenging for investors [5] Stock Highlight: Textron (TXT) - Textron Inc. is a diversified global company involved in manufacturing aircraft, automotive components, and industrial tools, known for brands like Bell Helicopter and Cessna [7] - TXT holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of A, indicating strong investment potential [7] - The company has a Value Style Score of B, supported by a forward P/E ratio of 13.92, making it attractive to value investors [7] - Recent analyst revisions have increased TXT's earnings estimate for fiscal 2024 by $0.35 to $6.13 per share, with an average earnings surprise of 13.5% [8]

Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Each stock is assigned a rating from A to F, with A indicating the highest potential for outperformance [2] - The Style Scores are categorized into Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [2][4] Group 2: Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [2] Group 3: Growth Score - The Growth Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] Group 4: Momentum Score - The Momentum Score helps investors capitalize on upward or downward trends in stock prices or earnings outlook, utilizing one-week price changes and monthly earnings estimate changes [3] Group 5: VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, serving as an important indicator alongside the Zacks Rank [4] Group 6: Zacks Rank and Stock Selection - The Zacks Rank is a proprietary stock-rating model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - To maximize returns, investors should consider stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] Group 7: Company Spotlight - Textron Inc. (TXT) - Textron Inc. is a global multi-industry company known for manufacturing aircraft, automotive components, and industrial tools, with recognizable brands like Bell Helicopter and Cessna Aircraft [7] - TXT holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of A, indicating strong potential for growth [7] - The company is forecasted to achieve year-over-year earnings growth of 9.7% for the current fiscal year, with an upward revision of earnings estimates by five analysts in the last 60 days [8]

Core Points - Textron Inc. declared a quarterly dividend of $0.02 per share on its Common Stock [1] - The dividend will be paid on April 1, 2024, to shareholders of record as of March 15, 2024 [1] Company Overview - Textron Inc. is a multi-industry company that operates in aircraft, defense, industrial, and finance sectors [2] - The company is recognized globally for its strong brands, including Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems [2] - Textron aims to provide innovative solutions and services to its customers through its extensive global network [2]

WICHITA, Kan.--(BUSINESS WIRE)--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. The Cessna SkyCour ...

WICHITA, Kan.--(BUSINESS WIRE)--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. The aircraft, to be managed and operated by local charter operator Systematic Aviation Services (SAS), will be used for passenger transport between the capital city of Kuala Lumpur and a new waterfront resort on Perhentian islands, off the northern east coast of Malaysia. This will ...

TAMPA, Fla.--(BUSINESS WIRE)--TRU Simulation + Training today revealed that as it marks a decade of success in the aviation simulation industry, the company is rebranding to simply “TRU Simulation.” The new brand and logo reflect TRU’s shift away from providing pilot training experiences to a more targeted focus on designing, manufacturing and maintaining state-of-the-art, high-fidelity flight simulators to address the vital need for accurate and true-to-life pilot training tools. TRU Simulation Inc., an ...

Backlog and Orders - Textron Aviation's backlog increased to $7,169 million in 2023 from $6,387 million in 2022, reflecting strong demand for its aircraft [33] - Bell's backlog remained stable at $4,780 million in 2023 compared to $4,781 million in 2022, indicating consistent order levels [33] - Textron Systems' backlog decreased to $1,950 million in 2023 from $2,098 million in 2022, suggesting a potential slowdown in new orders [33] Revenue and Financial Performance - Total revenues for 2023 reached $13,683 million, an increase of 6.3% from $12,869 million in 2022 [193] - Manufacturing product revenues increased to $11,573 million in 2023, up from $10,945 million in 2022, reflecting a growth of 5.7% [193] - Net income for 2023 was $921 million, compared to $861 million in 2022, representing a year-over-year increase of 7% [194] - Basic earnings per share for continuing operations rose to $4.62 in 2023, up from $4.05 in 2022, marking a 14.1% increase [193] - Income from continuing operations for 2023 was $922 million, an increase of 6.9% from $862 million in 2022 [199] Government Contracts - Approximately 21% of Textron's consolidated revenues in 2023 were generated from U.S. Government contracts, primarily in the Bell and Textron Systems segments [35] - Contracts with the U.S. Government accounted for approximately 21% of total revenues in 2023 [212] - In 2023, 73% of revenues from U.S. Government contracts were under fixed-price and fixed-price incentive contracts [217] Operational and Workforce Insights - Textron employs approximately 35,000 employees worldwide, with 80% located in the U.S., highlighting its significant workforce presence [41] - The company emphasizes the importance of a diverse workforce and inclusive workplaces to enhance performance and innovation [46] - Textron's talent development programs are designed to prepare employees for new career opportunities, with a formal talent review process conducted annually [45] Risks and Challenges - The company faces uncertainties regarding future budget and program decisions that could impact existing and future defense-related programs [60] - The demand for Textron's aircraft products is cyclical, with potential adverse effects on cash flows and financial condition due to unexpected events [59] - Cybersecurity threats pose a risk to the company's operations, requiring significant resources to mitigate potential breaches and comply with increasing cybersecurity standards [75] - Global macroeconomic conditions, including inflation and supply chain challenges, may adversely affect the company's business and financial results [74] Capital and Investments - Capital expenditures for 2023 were $402 million, up from $354 million in 2022, indicating a 13.5% increase [200] - The company reported a special charge of $126 million in 2023, compared to no special charges in 2022 [193] - The company declared dividends of $0.08 per share for 2023, totaling $16 million, consistent with the previous year [196] Assets and Liabilities - Total assets increased to $16,856 million as of December 30, 2023, compared to $16,293 million at the end of 2022, reflecting a growth of 3.5% [195] - Total current liabilities increased to $4,378 million in 2023, compared to $3,670 million in 2022, a rise of 19.3% [195] - The total debt for the Manufacturing group rose to $3,526 million in 2023, compared to $3,182 million in 2022, with long-term debt at $3,169 million [268] Product Development and Innovation - Textron Aviation is developing the Citation Ascend, expected to enter service in 2025, and the Beechcraft Denali, which is in the FAA certification process [16] - The Beechcraft Denali is projected to have an engine that is up to 20% more efficient than similarly sized engines, enhancing its market competitiveness [16] - The company faces risks related to the development of new products and technologies, which may encounter delays or cost overruns, impacting future performance [69] Financial Management - The company is subject to U.S. Government procurement rules, which if not complied with, could lead to suspension or debarment from contracts, negatively impacting financial condition and liquidity [64] - The company recognizes changes in estimated contract revenues, costs, and profits using the cumulative catch-up method of accounting [219] - The allowance for credit losses for finance receivables is established as a percentage based on historical loss experience and current economic conditions [231] International Operations - Approximately 32% of the company's revenues in 2023 were derived from international business, exposing it to additional risks such as trade restrictions and economic sanctions [78] - The company is exposed to risks related to international business operations, including reliance on joint venture partners and suppliers [57] Shareholder Activities - The company repurchased 16,169 thousand shares in 2023, reducing the outstanding common stock to 192,898 thousand shares [279] - Share-based compensation expense for 2023 was $94 million, compared to $66 million in 2022, indicating a 42.4% increase [299]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zac ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Sc ...