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TEXTRON

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Textron : Aviation Defense announces $70.2M U.S. Air Force contract award for two Beechcraft AT-6 Wolverine aircraft, training and support services

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03/16/2020 | 03:21pm EDT

WICHITA, Kan. (March 16, 2020) - Textron Aviation Defense LLC, a Textron Inc. (NYSE:TXT) company, today announced the finalization of a $70.2 million Other Transaction Authority (OTA) with the U.S. Air Force Life Cycle Management Center to equip the U.S. Air Force with two Beechcraft AT-6 Wolverine aircraft, pilot training, engineering services and up to four years of contractor support for maintenance and spares. The work in support of this OTA, which includes activities in support of military type certification, will take place in Wichita, Kansas.

'Textron Aviation Defense is proud to equip the U.S. Air Force with the multi-role Beechcraft AT-6 Wolverine,' said Brett Pierson, vice president of Defense Strategy and Sales. 'The AT-6 is a vital element of the National Defense Strategy to build ally and partner capacity, capability and interoperability - and does so at a fraction of the cost of other combat aircraft. We're eager to deliver the aircraft to the Air Force in support of Air Combat Command's (ACC) development of operational tactics and standards for exportable, tactical networks that improve interoperability with international partners.'

This acquisition enables the U.S. Air Force to leverage a commercial off-the-shelf, non-developmental integrated weapons system to equip a multi-national coalition with a common system that meets a wide array of training and operational requirements. An affordable solution, the AT-6 cost per flying hour is less than $1,000 and its small maintenance footprint - as demonstrated during both phases of the Light Attack experiment - underscore the aircraft's cost-effectiveness, deployability and sustainability.

'Our focus is on how a light attack aircraft can help our allies and partners as they confront violent extremism and conduct operations within their borders,' said Air Force Chief of Staff Gen. David L. Goldfein in a U.S. Air Force press release published upon the issuance of the request for proposal. 'Continuing this experiment, using the authorities Congress has provided, gives us the opportunity to put a small number of aircraft through the paces and work with partner nations on ways in which smaller, affordable aircraft like these can support their air forces.'

ACC will experiment with the AT-6 to further examine the ways in which a common architecture and intelligence-sharing network will connect platforms, sensors and weapons and deliver a digital network for light attack aircraft.

'It's rewarding to equip U.S. and partner nations with an affordable, easy to maintain and highly effective tactical aircraft in this era of constrained military budgets,' Pierson added. 'The U.S. Air Force and Navy flew the AT-6 during the Light Attack experiment, putting its combat-proven A-10 mission computer, Wescam MX-15 EO/IR sensor, Airborne Extensible Relay Over-Horizon Network (AERONet) and other capabilities to work, employing a substantial amount of ordnance, demonstrating aircrew re-fueling and re-arming at the Forward Arming and Refueling Point (FARP) and conducting other activities in support of experiment objectives. The AT-6 met all of the experiment's standards and proved itself as a high performance, austere field-capable aircraft that delivers unparalleled mission capability, deployability and sustainability.'


About the Beechcraft AT-6 Wolverine

The Beechcraft AT-6 Wolverine multi-role turboprop delivers the greatest level of mission configurability, the most advanced ISR technology and the utmost deployability and sustainability. The AT-6 equips operators worldwide with an unparalleled value, ease of training, logistics efficiencies and 85 percent parts commonality with the Beechcraft T-6 Texan II. The AT-6 Wolverine will enter into service at Nellis AFB, Nevada for follow-on light attack experiments by U.S. Air Force, U.S. Marine Corps and partner countries and is available to its sister business unit, Airborne Tactical Advantage Company (ATAC), for contracted air services under the U.S. Navy's Terminal Attack Controller Trainer (TACT) program for live-air training of forward air controllers (FACs), joint terminal attack controllers (JTACs) and forward air controllers (airborne) at NAS Fallon, Nevada. The AT-6 Wolverine features 35 weapons configurations that fulfill SOCOM Armed Overwatch requirements for Close Air Support (CAS), Armed Intelligence, Surveillance & Reconnaissance (ISR), Strike Coordination & Reconnaissance (SCAR), and Forward Air Control (Airborne) (FAC(A)).

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About Textron Aviation Defense LLC

When military customers need airborne solutions for their critical missions, they turn to Textron Aviation Defense. With a legacy of thousands of proven Integrated Training Systems (ITS) Integrated Weapon Systems (IWS) produced and missionized in America's Heartland since WWII, the family of Textron aircraft equip militaries worldwide with the lowest acquisition, sustainment and training costs on the market. Provider of the world's leading military flight trainer, the Beechcraft T-6 Texan II fleet of nearly 1,000 aircraft has logged more than 3.3 million hours across nearly a dozen countries worldwide since 2001. Purpose-built for light attack, Close Air Support (CAS), Precision Strike, and SOF Intelligence, Surveillance & Reconnaissance (ISR) in austere and permissive environments, the Beechcraft AT-6 Wolverine turboprop meets the full spectrum of U.S. Air Force Light Attack Aircraft requirements while delivering the greatest level of mission configurability, the most advanced ISR technology and the world's most cost-effective solution combining proven systems from the A-10C, F-16 and T-6 with commercial off-the-shelf components designed to drive down acquisition and total lifecycle costs. The open architecture Scorpion jet's unparalleled low acquisition, operating and training costs equip our warfighters with exceptional mission readiness, an 85-cubic ft payload bay, multi-spectral enhanced targeting, manned/unmanned teaming (MUM-T), cost-effective testbed capabilities and a full array of DoD-proven precision and general-purpose munitions with limitless possibilities. Textron Aviation's innovative technologies and advanced engineering techniques equip military customers worldwide with the performance, reliability and technological advantage they expect from an industry leader, all backed by proven training programs and the most capable global logistics infrastructure. Visit defense.txtav.com and scorpionjet.com.

About Textron Aviation Inc.

Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. The Textron Aviation brands represent unrivaled innovation, performance and leadership in the industry, and offer an unmatched value proposition rooted in the total ownership experience. Leveraging unparalleled speed-to-market, Textron Aviation provides the most versatile and comprehensive business and general aviation product portfolio in the world through five principal lines of business: business jets, general aviation and special mission turboprop aircraft, high performance piston aircraft, military trainer and defense aircraft and a complete global customer service organization. Textron Aviation has delivered more than 250,000 aircraft in over 170 countries. Its broad range of products include such best-selling aircraft as Citation business jets, King Air and Caravan turboprops and T-6 military trainer aircraft, all of which are backed by the industry's most capable global service network. For more information, visit www.txtav.com.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military products.

Media Contact:

Sylvia Pierson
+1.316.617.7413
spierson@txtav.com
www.defense.txtav.com

Disclaimer

Textron Inc. published this content on 16 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2020 20:18:09 UTC

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Sales 2020 13 075 M
EBIT 2020 1 012 M
Net income 2020 649 M
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Yield 2020 0,29%
P/E ratio 2020 9,60x
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