Textron Aviation Archives | Corporate Jet Investor https://www.corporatejetinvestor.com/organisation/textron-aviation/ Events | News | Opinions Tue, 30 Jul 2024 14:01:29 +0000 en-US hourly 1 Gama Aviation to purchase three King Air 360Cs from Textron https://www.corporatejetinvestor.com/news/king-air-360cs https://www.corporatejetinvestor.com/news/king-air-360cs#respond Mon, 29 Jul 2024 13:25:18 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=151259 Gama Aviation entered in an agreement with Textron Aviation to purchase three cargo door-equipped Beechcraft King Air 360Cs to modernise its fleet and support mission of the Scottish Ambulance Service (SAS). Textron will deliver the aircraft in 2025. The deal was signed between the two companies on the sidelines of the Farnborough International Airshow. “By ... Gama Aviation to purchase three King Air 360Cs from Textron

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Gama Aviation entered in an agreement with Textron Aviation to purchase three cargo door-equipped Beechcraft King Air 360Cs to modernise its fleet and support mission of the Scottish Ambulance Service (SAS).

Textron will deliver the aircraft in 2025. The deal was signed between the two companies on the sidelines of the Farnborough International Airshow.

“By providing a wide range of essential healthcare services to regional, rural and remote communities, the mission scope of the Scottish Air Ambulance requires 24-hours-a-day, seven-days-a-week operational availability,” said Bob Gibbs, vice president, Special Mission Sales at Textron Aviation.

“Continuing to be the supplier of choice for emergency services in Scotland is a testament to the King Air’s performance when each second matters.”

The SAS operates the only fully publicly funded air ambulance service in the UK, catering to people across Scotland’s mainland and islands.

Gama Aviation has been a key partner to the SAS for over 30 years, supplying and managing the fixed-wing aircraft fleet, including the mainstay King Air model. Gama Aviation handles aircraft operations, maintenance, and pilot services.

“Our team worked closely with the experts at Textron Aviation to spec the Beechcraft King Air 360Cs for our recently awarded contract in Scotland,” said Marwan Khalek, Group CEO, Gama Aviation.

“Strategically the KA360C hits the mark, providing good, direct operating costs and flight performance with a highly scalable mission platform we will modify at Gama Aviation. The completed aircraft, on entry into service, will represent a substantial step-up in the provision of pre- and intra-hospital care for the people of Scotland.”

GAMA renews SAS air ambulance contract

SAS announced that the Gama Aviation’s contract for air ambulance services has been renewed.

The new contract is due to commence in 2026 and will see the introduction of brand new, more capable aircraft that will replace the existing fixed wing and rotary aircraft fleet based in Aberdeen, Glasgow and Inverness.

 “This has always been a strategically important contract for us, and we are immensely proud and delighted to have been chosen again for this critical task,commented Gama CEO Khalek on renewing the contract.

“Over the last four years we have focused on developing our Air Ambulance capability and this award is another landmark in the maturity we have developed in this area, particularly in the development of our design capabilities. I would also like to thank Textron Aviation and Airbus for their support and patience during the later part of the procurement process.”

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Textron Aviation revenue rises to $1.5bn https://www.corporatejetinvestor.com/news/textron-aviation-revenue https://www.corporatejetinvestor.com/news/textron-aviation-revenue#respond Thu, 18 Jul 2024 17:28:19 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=151107 Textron Aviation revenue in the second quarter increased 8.2% year-over-year to $1.5bn from $1.4bn in the same period last year with higher contribution from both better pricing and higher volumes. “In the [second] quarter, our team delivered higher revenue, earnings per share, and cash flow,” said Scott C. Donnell, chairman and CEO, Textron. “At Aviation ... Textron Aviation revenue rises to $1.5bn

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Textron Aviation revenue in the second quarter increased 8.2% year-over-year to $1.5bn from $1.4bn in the same period last year with higher contribution from both better pricing and higher volumes.

“In the [second] quarter, our team delivered higher revenue, earnings per share, and cash flow,” said Scott C. Donnell, chairman and CEO, Textron. “At Aviation and Bell, we continued to execute on key programs, including the Citation Ascend and FLRAA.”

The YoY $113m increase in revenue came from higher pricing of $57m and higher volume and mix of $56m.

Textron Aviation delivered 42 jets in the quarter, down from 44 in the second quarter of 2023, and 44 commercial turboprops, up from 37 in last year’s second quarter.

On the bottom line, the aviation segment’s profits increased to $195m, up $24m from same quarter last year.

Meanwhile, the company’s backlog at the end of the second quarter was $7.5bn slightly higher than $7.3bn at the end of first quarter 2024.

Overall, Textron’s second quarter revenue increased by 3%YoY to $3.5bn attributable to growth in Aviation, Bell and Systems segments which offset the decline in revenues from Industrial and eAviation segments.

Despite higher topline, the company’s net income declined during the quarter under review to $259m from $263m from last year. The company booked special charges of $13m, which it said was due to “headcount reductions in the Industrial, Textron Systems and Bell segments.”

This translated in to earnings of $1.35 per share, as compared to $1.30 in the second quarter of 2023.

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Leopold to replace Berger at Textron Aviation https://www.corporatejetinvestor.com/news/tracy-leopold-replace-ed-berger-textron-aviation https://www.corporatejetinvestor.com/news/tracy-leopold-replace-ed-berger-textron-aviation#respond Thu, 18 Jul 2024 17:27:32 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=151110 Tracy Leopold will replace the retiring Ed Berger as vice president, Pre-Owned Aircraft and Sales Operations, Textron Aviation. Leopold has been with Textron for nearly 24 years and was most recently vice president of the company’s North American customer service centres. She will oversee pre-owned aircraft business activities and sales support functions including sales operations, ... Leopold to replace Berger at Textron Aviation

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Tracy Leopold will replace the retiring Ed Berger as vice president, Pre-Owned Aircraft and Sales Operations, Textron Aviation.

Leopold has been with Textron for nearly 24 years and was most recently vice president of the company’s North American customer service centres.

She will oversee pre-owned aircraft business activities and sales support functions including sales operations, data analytics, customer relationship management, aviation training and simulator development.

“I am confident that Tracy’s extensive experience, passion for our products and strong customer relationships make her well-prepared to lead this team,” said Lannie O’Bannion, senior vice president of Global Sales and Flight Operations at Textron Aviation.

Leopold has also been a regional sales director focusing on pre-owned product sales and led a team in global aftermarket part sales and aftermarket service centre network sales

Berger has retired from the role after 35 years of “outstanding leadership” with the company.

“I want to personally recognize Ed for his commitment to the success of our business, customers, employees and community during his tenure,” said O’Bannion.

Textron announced its revenue in the second quarter increased 8.2% year-over-year to $1.5bn from $1.4bn in the same period last year with higher contribution from both better pricing and higher volumes.

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Textron Aviation 1Q revenues inch up to $1.2bn https://www.corporatejetinvestor.com/news/textron-aviation-1q-revenues-inch-up-to-1-2bn https://www.corporatejetinvestor.com/news/textron-aviation-1q-revenues-inch-up-to-1-2bn#respond Thu, 25 Apr 2024 11:36:55 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=150217 Textron announced financial results for the first quarter of 2024 wherein the company reported revenue from its aviation segment at $1.2bn, up 3% year-over-year compared to $1.1bn in the same period last year. “In the quarter, we saw profit growth across our Aviation, Bell, and Systems businesses,” said Scott C. Donnelly, chairman and CEO, Textron. ... Textron Aviation 1Q revenues inch up to $1.2bn

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Textron announced financial results for the first quarter of 2024 wherein the company reported revenue from its aviation segment at $1.2bn, up 3% year-over-year compared to $1.1bn in the same period last year.

“In the quarter, we saw profit growth across our Aviation, Bell, and Systems businesses,” said Scott C. Donnelly, chairman and CEO, Textron. “At Aviation, we saw continued strong market demand which contributed to $177m in backlog growth. At Bell, we saw revenue growth driven by the FLRAA program.”

The company said that the Textron Aviation’s revenues increased by $39m from last year’s first quarter, reflecting higher pricing of $48m, partially offset by lower volume and mix of $9m.

Meanwhile, Textron Aviation delivered 36 jets in the quarter, up from 35 in the first quarter of 2023, and 20 commercial turboprops, down from 34 in last year’s first quarter.

In terms of profitability, the aviation segment’s profit increased by $18m to $143m during the quarter under review driven by the favourable impact from pricing, net of inflation of $14m.

The segment’s backlog at the end of the first quarter was $7.3bn.

Overall, Textron’s revenue increased by 4%YoY to $3.1bn with a major boost of this coming from the higher sales in aviation and helicopters segment (Bell). This translated in to net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023.

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Textron Aviation revenues dip as lower volume outpaces pricing bump https://www.corporatejetinvestor.com/news/textron-aviation-revenues-dip-as-lower-volume-outpaces-pricing-bump https://www.corporatejetinvestor.com/news/textron-aviation-revenues-dip-as-lower-volume-outpaces-pricing-bump#respond Wed, 24 Jan 2024 13:03:38 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=148705 Cessna and Beechcraft producer Textron Aviation’s fourth quarter revenues clocked in at $1.5bn, down $58m from the fourth quarter of 2022, reflecting lower volume and mix of $158m despite $100m impact from higher pricing. The filings showed Textron Aviation made lower jet deliveries of 50 jets in the quarter, down from 52 last year, and ... Textron Aviation revenues dip as lower volume outpaces pricing bump

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Cessna and Beechcraft producer Textron Aviation’s fourth quarter revenues clocked in at $1.5bn, down $58m from the fourth quarter of 2022, reflecting lower volume and mix of $158m despite $100m impact from higher pricing.

The filings showed Textron Aviation made lower jet deliveries of 50 jets in the quarter, down from 52 last year, and 44 commercial turboprops, down from 47 last year.

However, Textron Aviation’s segment profit improved by $23m to $193m during the fourth quarter. The company said the higher profit was due to “a favourable impact from pricing, net of inflation, of $51m, partially offset by lower volume and mix of $22m.”

Textron Aviation backlog at the end of the fourth quarter was $7.2bn.

On a cumulative basis, the Textron Aviation segment posted revenue of $5.4bn in 2023 compared to $5.1bn in 2022 with profits improving to $649m from $560m respectively.

Overall, Textron’s fourth quarter 2023 income from operations clocked in at $1.01 per share, as compared with $1.07 per share in the fourth quarter of 2022. Operating margins witnessed slight erosion during the fourth quarter on account of $126m charges resulting from the implementation of restructuring plan.

“2023 was a strong year at Textron with solid revenue and profit growth along with segment profit margin expansion,” said Scott C. Donnelly, chairman and CEO, Textron. “At Aviation, we saw continued backlog growth and, at Bell, the team began executing on our transformational FLRAA programme.”

The company is eyeing 12-13% growth ($600m) in Textron Aviation revenues during 2024.

“We think the better than expected guidance for 2024 is likely to be the focal point for Textron today. On Aviation the guidance is similar to our forecasts, and we’ll be interested to hear what the company has to say with regard to projected market demand (and the book to bill) and the supply chain,” said Robert Stallard of Vertical Research Partners in his earnings analysis.

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Textron Aviation Q3 revenue jumps 15% to $1.33bn https://www.corporatejetinvestor.com/news/textron-aviation-q3-revenue-jumps-15-to-1-33bn https://www.corporatejetinvestor.com/news/textron-aviation-q3-revenue-jumps-15-to-1-33bn#respond Fri, 27 Oct 2023 09:13:46 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=147093 Third-quarter filings from Textron showed revenues from its aviation segment jumped by 15% year-over-year to $1.33bn compared with $1.16bn during the same period last year. The increase in segment’s revenue came on the back of from higher volumes and favourable pricing. “At Aviation, we saw our strongest order quarter of the year with a 12% ... Textron Aviation Q3 revenue jumps 15% to $1.33bn

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Third-quarter filings from Textron showed revenues from its aviation segment jumped by 15% year-over-year to $1.33bn compared with $1.16bn during the same period last year.

The increase in segment’s revenue came on the back of from higher volumes and favourable pricing.

“At Aviation, we saw our strongest order quarter of the year with a 12% increase over the third quarter of 2022,” said Scott C Donnelly, chairman and CEO, Textron.

The aviation segment’s profit clocked in at $160m in Q3, up $29m from a year ago, largely due to favourable pricing.

Meanwhile, a $23m favourable impact from higher volume and mix was partially offset by supply chain and labour inefficiencies.

The company’s aviation segment delivered 39 jets and 38 commercial turboprops. Textron Aviation’s backlog at the end of the Q3 was $7.4bn.

“The much-watched aviation backlog expanded by $600m sequentially and we calculate a book to bill of about1.4x,” said Robert Stallard, global aerospace & defence partner at Vertical Research Partners. “The book to bill at aviation has actually improved versus deteriorating, which bodes well for bizjet demand.”

Overall, Textron group’s revenue reported earnings per share (EPS) of $1.35 for Q3, up 27% year-over-year from the same period last year. The company’s revenue grew by 8.6% year-over-year to $3.4bn compared with $3.1bn during the Q3 2022.

“In the quarter, we saw higher overall revenues and net operating profit driven by growth at aviation, industrial and systems,” said Donnelly.

Meanwhile, Bell revenues remained flat at $754m compared to $754m in the same period last year on account of lower commercial helicopter volume, largely reflecting supply chain constraints.

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Textron Aviation upgrades CJ3+ to Citation CJ3 Gen2   https://www.corporatejetinvestor.com/news/textron-aviation-upgrades-cj3-to-citation-cj3-gen2 https://www.corporatejetinvestor.com/news/textron-aviation-upgrades-cj3-to-citation-cj3-gen2#respond Mon, 16 Oct 2023 21:23:21 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=146887 Textron Aviation has announced the Cessna Citation CJ3 Gen2 an upgraded version of its CJ3+. In April 2014 Cessna upgraded the CJ3 to the CJ3+. “The Cessna Citation CJ3 Gen2 is our most comprehensive Gen2 product announcement yet, offering customers proven performance, leading edge technology and an unmatched cabin experience,”  said Ron Draper, president and CEO, Textron Aviation. “As ... Textron Aviation upgrades CJ3+ to Citation CJ3 Gen2  

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Textron Aviation has announced the Cessna Citation CJ3 Gen2 an upgraded version of its CJ3+. In April 2014 Cessna upgraded the CJ3 to the CJ3+.

“The Cessna Citation CJ3 Gen2 is our most comprehensive Gen2 product announcement yet, offering customers proven performance, leading edge technology and an unmatched cabin experience,”  said Ron Draper, president and CEO, Textron Aviation. “As a pilot of the CJ3 series, I appreciate the aircraft’s excellent range, payload and efficiency, along with new productivity and comfort features.”

FlyExclusive has been named as launch fleet customer. “We take pride in being the fleet launch customer for the Citation CJ3 Gen 2, building on our decades-long relationship with Textron Aviation,” said Jim Segrave, founder, chairman and CEO of flyExclusive. “I am excited that our fractional customers will get to invest and travel in the top light jet in the world.”

For pilots, aircraft has Garmin Autothrottles, Optional Enhanced Vision System (EVS), a touch screen interface and new GDL60 aircraft connectivity. They also get 4.5 inches of extra legroom. Passengers may notice improved steps and lighting. There are also skylights in the lavatory, and a new optional sink and vanity design.

Like the CJ3+, the Citation CJ3 Gen2 seats 10 passengers. It has a maximum range of 2,040 nm.

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Citation XLS+ and Citation XLS Gen2 avionics upgrade to Garmin G5000 will be available soon https://www.corporatejetinvestor.com/news/citation-xls-and-citation-xls-gen2-avionics-upgrade-to-garmin-g5000-will-be-available-soon https://www.corporatejetinvestor.com/news/citation-xls-and-citation-xls-gen2-avionics-upgrade-to-garmin-g5000-will-be-available-soon#respond Fri, 29 Sep 2023 18:46:48 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=146603 Textron Aviation announces that the Garmin G5000 integrated flight deck will soon be available for the Cessna Citation XLS+ and XLS Gen2 and available for installation at Textron Aviation Service Centers. This follows supplemental type certification approval by the FAA anticipated in the first half of 2024. The G5000 avionics upgrades the cockpit and addresses ... Citation XLS+ and Citation XLS Gen2 avionics upgrade to Garmin G5000 will be available soon

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Textron Aviation announces that the Garmin G5000 integrated flight deck will soon be available for the Cessna Citation XLS+ and XLS Gen2 and available for installation at Textron Aviation Service Centers.

This follows supplemental type certification approval by the FAA anticipated in the first half of 2024. The G5000 avionics upgrades the cockpit and addresses the evolution of FAA airspace, while also offering a lower cost of operation.

“Garmin’s G5000 integrated flight deck is already a popular modification for Cessna Citation Excel and XLS customers because it offers unmatched situational awareness, lower cost of operation and an improved in-flight experience,” said Brian Rohloff, senior vice president of Customer Support. “We look forward to expanding this upgrade option to additional Citation operators as we continue to design and deliver the best customer experience and support our customers through the entire life cycle of their aircraft.”

Garmin’s G5000 avionics suite is designed to provide pilots with an intuitive and modern flight deck, including three landscape-oriented displays with split-screen capability, intuitive touchscreen controllers, and geo-referenced Garmin SafeTaxi airport diagrams. The SafeTaxi database provides operators with better situational awareness while taxiing at airports within the database by displaying hangars, terminals, towers, taxiways and other signs.

The G5000 upgrade installation on the Citation XLS+ and XLS Gen2 includes a fully digital Automatic Flight Control System (AFCS), offering precise performance throughout the aircraft’s flight envelope.

The system also includes Emergency Descent Mode (EDM) as a standard feature. In the event an aircraft loses cabin pressurisation, EDM is capable of automatically descending the aircraft to a preset altitude without pilot intervention. Underspeed protection (USP) allows the autopilot to assist with airspeed management, while also enabling fully coupled go-arounds, greatly reducing pilot workload. Additionally, operators gain access to more airports and lower approach minimums throughout the world as the G5000 has PBN/RNP 0.3 with LPV/APV approach capability.

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McCauley C780 propeller for King Air B300 series enters into service https://www.corporatejetinvestor.com/news/mccauley-c780-propeller-for-king-air-b300-series-enters-into-service https://www.corporatejetinvestor.com/news/mccauley-c780-propeller-for-king-air-b300-series-enters-into-service#respond Wed, 27 Sep 2023 21:37:03 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=146553 McCauley Propeller Systems 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. The new propeller, which features four aluminium swept blades and a 105-inch diameter, achieved FAA type certification in July 2023. “The new McCauley ... McCauley C780 propeller for King Air B300 series enters into service

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McCauley Propeller Systems 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.

The new propeller, which features four aluminium swept blades and a 105-inch diameter, achieved FAA type certification in July 2023.

“The new McCauley C780 offers King Air customers increased performance, a quieter cabin and greater efficiency,” said Heidi McNary, vice president and general manager, McCauley Propeller Systems. “For 85 years, McCauley has been committed to delivering creative solutions and driving customers forward with their pioneering designs and strategies. We look forward to continuing to support the future of flight and legendary aircraft like the Beechcraft King Air.”

The Textron Aviation Service Center installed the first C780 propeller on a Beechcraft King Air 350 owned by ExecuJet Charter Service. Located in Florida, ExecuJet provides concierge private air charter services to customers seeking flexibility and efficiency.

“I have always had tremendous reliability and service with the McCauley product line,” said Robert Jones, director of Maintenance at ExecuJet Charter Service, Inc. “We couldn’t be more thrilled. The aircraft is going to look and perform incredibly well.”

 

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Textron Aviation expands Interior Manufacturing Facility to support demand https://www.corporatejetinvestor.com/news/textron-aviation-expands-interior-manufacturing-facility-to-support-demand https://www.corporatejetinvestor.com/news/textron-aviation-expands-interior-manufacturing-facility-to-support-demand#respond Wed, 20 Sep 2023 21:28:18 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=146412 Textron Aviation has added 16,000 square feet to its Interior Manufacturing Facility (IMF) to support the growing demand from Cessna and Beechcraft customers for unique aircraft interiors. The expansion enables Textron Aviation to streamline production processes by centralising machinery within the space to support efficient interior manufacturing for its entire line-up of Cessna Citation jets, ... Textron Aviation expands Interior Manufacturing Facility to support demand

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Textron Aviation has added 16,000 square feet to its Interior Manufacturing Facility (IMF) to support the growing demand from Cessna and Beechcraft customers for unique aircraft interiors.

The expansion enables Textron Aviation to streamline production processes by centralising machinery within the space to support efficient interior manufacturing for its entire line-up of Cessna Citation jets, as well as Beechcraft King Air and Cessna SkyCourier turboprop aircraft.

“Our highly skilled team designs each interior to create a customer’s ideal aircraft environment and experience, such as relaxation, innovation or productivity,” said Christi Tannahill, senior vice president, Customer Experience. “This expansion supports our team in exceeding our customer’s expectations with unmatched quality, craftsmanship and efficiency.”

The larger footprint allows the company to support new models like the Cessna Citation M2 Gen2, CJ4 Gen2, Cessna SkyCourier, Beechcraft King Air 360 and King Air 260. Two products currently in development — the Cessna Citation Ascend and the Beechcraft Denali — will also be supported at the IMF facility once they enter into service.

“At Textron Aviation, our commitment to excellence, innovation and the future of flight is leading the aviation industry,” said Brad White, senior vice president, Operations. “Whether our employees work on the tip or the tail of an aircraft, or whether they’re part of the engineering, design, delivery or servicing of an aircraft, they join in our legacy of success.”

Consistent with the company’s commitment to sustainability, the facility upgrades include energy-saving LED lighting and high-efficiency systems. Construction on the expansion is expected to be completed mid-year 2024.

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