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National Business Aviation Association Signs on to Support the 2026 Special Olympics Airlift
Businesswire· 2025-10-14 15:30
Core Points - The NBAA (National Business Aviation Association) has endorsed the 2026 Special Olympics Airlift during the NBAA-BACE event in Las Vegas [1] Group 1 - The endorsement was announced by NBAA president and CEO Ed Bolen [1]
Pro Football Hall of Famer Peyton Manning Returns as Honorary Chair for 2026 Special Olympics Airlift, Rallying Pilots to Lift Champions to New Heights
Businesswire· 2025-10-13 22:00
Company Overview - Textron Aviation Inc. is a subsidiary of Textron Inc., known for its diverse aviation products including business jets, turboprops, and military trainers, with a significant presence in the general aviation market [6][7] - The company has been operational for over 95 years and has produced more than half of all general aviation aircraft worldwide, serving customers in over 170 countries [6] Special Olympics Airlift - The Special Olympics Airlift, organized by Textron Aviation, aims to transport hundreds of Special Olympics athletes and coaches to the 2026 Special Olympics USA Games in Minnesota's Twin Cities, ensuring accessibility regardless of financial or logistical barriers [1][2] - Since its inception in 1987, the Airlift has successfully transported over 10,000 athletes, showcasing the power of community and aviation collaboration [3] Event Details - The 2026 Special Olympics USA Games will take place from June 19-27, 2026, featuring competitions across various sports and drawing tens of thousands of fans [8][9] - The return flights for athletes and coaches are scheduled for June 27, 2026, marking the end of a week filled with competition and celebration [4]
Cessna Citation CJ3 Gen2 achieves FAA type certification, bringing the most comprehensive Gen2 enhancements to market
Businesswire· 2025-10-13 22:00
Core Insights - Textron Aviation Inc. has achieved FAA type certification for the Cessna Citation CJ3 Gen2, marking a significant advancement in their aircraft offerings [1][2] - The CJ3 Gen2 incorporates customer feedback into its design, featuring enhancements such as Garmin autothrottle technology and increased legroom for pilots [1][2] - The aircraft is expected to enter service within the year following the completion of 445 flight test hours [1] Aircraft Features - The CJ3 Gen2 offers a maximum range of 2,040 nautical miles and a useful payload of 5,530 pounds, making it suitable for various missions [4] - It provides standard seating for nine passengers, with an option for eight passengers to allow for additional storage [4] - The aircraft includes advanced avionics with Garmin G3000 software and hardware, enhancing operational efficiency and safety [2][7] Cabin Experience - The cabin environment is fully customizable, featuring luxury interiors, RGB accent lighting, and USB-C power at every seat [2][3] - New CoolView skylights in the lavatory enhance natural light, and the lavatory is designed for external servicing [3] - Additional amenities include optional swivel seats, a high-power outlet for appliances, and wireless charging capabilities [2][3] Company Overview - Textron Aviation has over 95 years of experience in the aviation industry, producing a diverse range of aircraft including business jets and military trainers [5] - The company operates under well-known brands such as Beechcraft and Cessna, and serves customers in over 170 countries [5] - Textron Inc. is a multi-industry company that integrates its various business sectors to provide innovative solutions and services [6]
Cessna Citation Ascend Makes World Debut at NBAA-BACE in Las Vegas
Businesswire· 2025-10-13 17:00
Core Insights - The Cessna Citation Ascend made its world debut at the 2025 NBAA-BACE, showcasing its design and features aimed at enhancing customer experience [1][3] - The aircraft is powered by Pratt & Whitney Canada PW545D engines, emphasizing fuel efficiency and increased thrust, and incorporates advanced Garmin G5000 avionics [5] Company Overview - Textron Aviation Inc., a subsidiary of Textron Inc., has a long history of delivering aviation solutions, with over 1,000 Cessna Citation 560XL series aircraft delivered since 2000 [2][4] - The company is recognized for its diverse aviation product portfolio, including business jets, turboprops, and military trainer aircraft, serving customers in over 170 countries [7][9] Product Features - The Citation Ascend features a flat floor design, larger windows, and a wireless cabin management system, enhancing passenger comfort and experience [3][5] - The aircraft includes 19 standard USB charging ports and three universal outlets, ensuring connectivity for all passengers [6]
Textron Aviation Enhances Parts Shipment Visibility With Sensos Smart Labels Technology
Businesswire· 2025-10-10 17:00
Core Insights - Textron Aviation Inc. has integrated Sensos Smart Labels into its parts distribution process, enhancing visibility and real-time tracking for customers [1][2] - This initiative is part of Textron Aviation's ongoing investment in digital tools and customer support innovation, aimed at improving transparency and streamlining maintenance planning [1][2] Company Overview - Textron Aviation offers a global parts distribution network with seven distribution centers and 17 stockrooms, providing over 150,000 unique part numbers [3] - The company has a dedicated team of more than 600 professionals to support customer needs worldwide [3] - Textron Aviation is known for its comprehensive aviation product portfolio, including business jets, turboprops, and military trainer products, serving customers in over 170 countries [5] Sensos Overview - Sensos is a leader in AI-powered supply chain visibility and tracking solutions, providing real-time location updates and predictive insights [4] - The Sensos Smart Labels are lightweight, wireless trackers that enhance proactive planning and reduce downtime for customers [2][4]
Starlink High-Speed Internet Now Available on the Cessna Citation Longitude, Enhancing In-Flight Connectivity Across More Destinations
Businesswire· 2025-10-10 15:00
Core Insights - Textron Aviation Inc. has announced a new high-speed internet connectivity solution for the Cessna Citation Longitude, enabled by AeroMech's Supplemental Type Certificate for Starlink high-speed internet [1][2] Group 1: Product Offering - The new Starlink connectivity option allows Longitude customers to maintain high-speed, reliable internet access during flights, enhancing productivity and connectivity [2] - The upgrade includes a Starlink Aviation Kit, which consists of an Aero Terminal (antenna), Power Supply Unit (PSU), and a Wireless Access Point (WAP), requiring only power input from the aircraft [2] Group 2: Customer Support and Service - Textron Aviation provides extensive customer support through a global network of over 300 authorized service facilities and more than 40 mobile service units [3] - The company emphasizes its commitment to complete life-cycle support for its aircraft, ensuring customers have access to necessary services [3] Group 3: Company Background - Textron Aviation has over 95 years of experience in the aviation industry, offering a diverse range of products including business jets, turboprops, and military trainers [4] - The company operates under well-known brands such as Beechcraft and Cessna, and has produced more than half of all general aviation aircraft worldwide [4] Group 4: Parent Company Overview - Textron Inc. is a multi-industry company with a global network across various sectors including aircraft, defense, and finance, known for its powerful brands [5] - The company focuses on providing innovative solutions and services to its customers [5] Group 5: Starlink Overview - Starlink is recognized as the world's most advanced satellite constellation in low-Earth orbit, providing reliable broadband internet capable of supporting various online activities [6] - Operated by SpaceX, Starlink benefits from the company's expertise in spacecraft and on-orbit operations [6]
11 Best Military Drone Stocks to Buy According to Hedge Funds
Insider Monkey· 2025-10-05 15:22
This article looks at the 11 Best Military Drone Stocks to Buy According to Hedge Funds.Demand for next-generation, low-cost military technology has surged in recent times as countries modernize their militaries with AI-powered drones and unmanned vehicles that are cheap and cut dependence on ground forces.Swarms of UAVs, guided by AI, now fill the skies and can strike enemy targets with pinpoint accuracy. These aerial vehicles offer a bird’s eye view of the battlefield, making it difficult for targets to m ...
Howmet vs. Textron: Which Aerospace & Defense Stock is the Smarter Buy?
ZACKS· 2025-09-25 17:10
Core Insights - Howmet Aerospace Inc. (HWM) and Textron Inc. (TXT) are key players in the aerospace and defense industry, producing aircraft components for both commercial and military applications [1][2] Howmet Aerospace Inc. (HWM) - HWM's primary growth driver is the commercial aerospace market, with revenues increasing by 8% year-over-year in Q2 2025, accounting for 52% of its business [3] - The defense sector is also performing well, with a 21% year-over-year revenue increase in Q2 2025, representing 17% of total revenues [4] - The U.S. Defense Appropriations Act for FY 2026 allocates $831.5 billion, which is expected to benefit HWM's defense contracts [5] - HWM has a strong shareholder return policy, paying $83 million in dividends and repurchasing $300 million in shares in the first half of 2025, with a 20% dividend increase announced in August 2025 [6] Textron Inc. (TXT) - Textron's Aviation business unit has seen a revenue growth of 2.8% year-over-year in Q2 2025, supported by strong air passenger traffic and a backlog of $7.85 billion [7] - The defense segment is also performing well, with contracts signed for military aircraft, indicating solid demand [8] - Textron's cash and cash equivalents stood at $1.43 billion, with long-term debt at $3.38 billion, suggesting a solid short-term solvency position [11] - However, supply chain issues and labor shortages may hinder Textron's production capabilities and profitability [12][13] Performance Comparison - HWM shares have increased by 90.7% over the past year, while TXT shares have decreased by 3.2% [16] - The Zacks Consensus Estimate for HWM indicates a 9.4% growth in sales and a 32.7% increase in EPS for 2025, while TXT's estimates show 8.1% sales growth and 11.5% EPS growth [17][18] - HWM's forward price-to-earnings ratio is significantly higher at 46.49X compared to TXT's 12.58X, indicating a steeper valuation for HWM [19] Final Assessment - HWM's leadership in both commercial and defense markets positions it favorably for long-term growth, despite its higher valuation [22] - Textron has strong momentum in the commercial aerospace sector but faces challenges from supply chain issues [21] - Overall, HWM is viewed as the better investment option compared to TXT due to stronger growth estimates and stock performance [22][23]
Bell Selects Eaton to Provide Aerial Refueling Probe for the MV-75 FLRAA
Businesswire· 2025-09-25 13:11
Core Insights - Eaton has been selected by Bell Textron Inc. to design, develop, and certify the aerial refueling retractable probe for the U.S. Army's MV-75 Future Long Range Assault Aircraft (FLRAA) [1] - This award signifies a major milestone in Eaton's ongoing collaboration with Bell and its next-generation vertical lift platform [1] - Aerial refueling has been a fundamental aspect of Eaton's aerospace capabilities for decades [1]
Best-Selling Cessna Citation Latitude Achieves FAA Certification for New, Advanced Features for Garmin G5000 Avionics
Businesswire· 2025-09-24 18:00
Group 1 - The Cessna Citation Latitude has received FAA certification for new features of the Garmin G5000 avionics suite [1] - New features include Synthetic Vision Guidance System (SVGS) for improved approach capabilities down to 150 feet [1] - Additional features are GDL 60 Datalink for connectivity and a new taxiway routing feature [1] Group 2 - The Cessna Citation Latitude is a best-selling aircraft designed and produced by Textron Aviation Inc., a subsidiary of Textron Inc. [1] - The aircraft has completed more than 240 flight test hours [1]