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TEXTRON

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Textron : Cessna Citation Excel and XLS receive Garmin G5000 integrated flight deck certification

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07/01/2019 | 11:23am EDT

WICHITA, Kan. (July 1, 2019) -Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced that the Garmin International G5000 integrated flight deck is now available for the Cessna Citation Excel and Citation XLS. The G5000 modernizes the cockpit, solves parts obsolescence and addresses mandate requirements, while also offering a lower cost of operation.

'The Citation Excel and Citation XLS continue to be two of the most popular business jets in the world,' said Kriya Shortt, Textron Aviation senior vice president, Global Customer Support. 'The G5000 will modernize the cockpit to offer customers additional situational awareness, lower cost of operation and an improved in-flight experience in the aircraft they already know and love.'

The G5000 integrated flight deck for the Citation Excel and Citation XLS features three landscape-oriented displays with split-screen capability, intuitive touchscreen controllers, and geo-referenced Garmin SafeTaxi airport diagrams. New to the Citation Excel, emergency descent mode is available as a standard feature with the G5000 and is enabled by the autopilot in the event of a loss in aircraft pressurization. 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.

The G5000 integrated flight deck upgrade is available immediately for Citation Excel and Citation XLS aircraft at Textron Aviation Service Centers and select Garmin dealers.

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 143 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.

Media Contact
Rachel Williams, Communications Manager
+1.316.706.7201
rawilliams@txtav.com
txtav.com

Disclaimer

Textron Inc. published this content on 01 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2019 15:22:04 UTC

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Financials (USD)
Sales 2019 13 698 M
EBIT 2019 1 224 M
Net income 2019 868 M
Debt 2019 2 424 M
Yield 2019 0,18%
P/E ratio 2019 11,5x
P/E ratio 2020 10,7x
EV / Sales2019 0,90x
EV / Sales2020 0,86x
Capitalization 9 911 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 60,25  $
Last Close Price 43,07  $
Spread / Highest target 81,1%
Spread / Average Target 39,9%
Spread / Lowest Target 13,8%
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Scott C. Donnelly Chairman, President & Chief Executive Officer
Frank T. Connor Chief Financial Officer & Executive Vice President
Diane K. Schwarz Chief Information Officer & Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
Kathleen M. Bader Lead Independent Director
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