Core Insights - Textron Inc.'s business segment, Textron Aviation, has signed a Memorandum of Agreement with Thai Aviation Industries Co. Ltd. to collaborate on a sustainment program for the Royal Thai Air Force, focusing on the Beechcraft T-6TH and AT-6TH aircraft [1][9] - The collaboration aims to provide long-term support and sustainment for RTAF aircraft, ensuring high readiness levels for training and light-assault missions [2] - Following the announcement, Textron's share price increased by 1.16% to $77.50 on June 3, 2025 [2] Textron's Military Aviation Expertise - Textron Aviation Defense has a long history of designing, building, and supporting military aircraft, having delivered over 14,500 aircraft to global forces over more than 80 years [4] - The Beechcraft T-6C Texan II is a next-generation military trainer designed for all levels of instruction, while the AT-6 Wolverine is a multi-mission light-attack aircraft with a versatile arsenal [5][6] Industry Context - Rising military conflicts and technological advancements are driving nations to increase defense spending on proven combat jets [3] - Other aerospace companies benefiting from the expanding military aviation market include Northrop Grumman Corp., Lockheed Martin Corp., and Embraer S.A., each with notable growth projections for 2025 [7][8][10] Stock Performance - Textron's shares have risen by 6.3% over the past month, outperforming the industry growth of 4.8% [11]