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TEXTRON INC.

(TXT)
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Delayed Nyse  -  04:04 2022-12-02 pm EST
71.30 USD   +0.62%
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Bell Textron Inc: Building a Future of Aviation Enthusiasts

09/28/2022 | 11:21am EST

The high school experience is quite different than it was 10 years ago. Just look how a physics teacher introduces the concept of drones.

Rather than taking a field trip to the library to begin the hunt for information, students are tasked with learning the design, build and functionality of drones through innovative software like AutoCAD and 3D printing.

Thanks to Rohn Olson, senior tech fellow at Bell, those same high school students are putting their classroom knowledge and skills to the test at the Bell Advanced Vertical Robotics (AVR) Competition.

Rohn spearheaded the initiative in 2017 as an effort to provide a more engaging approach to robotics competitions. This approach, including the addition of a 7-person team and multi-model integration of unmanned aerial vehicles (UAV) and ground-based vehicles, has been well received by school districts, expanding annual participation very quickly.

'Watching this competition grow over the past five years from two local high school teams to over 80 teams around the country this year has been a phenomenal experience,' said Rohn. 'We've clearly hit a sweet spot to expand robotics into the aerial realm which adds a whole new dimension for both the design challenge and the scope of technology that students learn.'

The competition is no small feat. Teams are provided kits 10 weeks prior to the competition to design, manufacture and test an AVR drone and ground vehicle. The challenge - although different every year - tests the multi-modal on transportation, payload, delivery and aerial tasks, which allows students to explore key engineering concepts such as structural changes, autonomous coding and aerodynamic forces. Teams then bring their designs to the state competitions with hopes of securing a spot at nationals.

Andy Shields, a student representing the Greenville High School team, credits the ingenuity of Bell's competition program for his participation.

'The thought of competing in a very unique new competition sounded amazing,' said Andy. 'Going from 3v3 on ground competition to a 7-person drive team in flight and on ground match piqued my interest.'

Once registration was complete, Andy and his Greenville team were all in. They built their drone and ground vehicle along with a field so they could continuously run simulation matches. The field included old fiber-reinforced concrete (FRC) cubes to operate as buildings so the students could practice color sensing.

Although the Greenville team came fully prepared to the Bell AVR Competition, they began to struggle when their rover flipped over, allowing their sphere carriage to fall out.

It was a major failure, but Adrienne Emerson, Greenville ISD's robotics director, re-centered everyone to get them back on track.

'The team was in a bad state when most teams passed our score and it all came down to one more match,' said Andy. 'Our teacher gave a speech that lifted our spirits, and the team attached a bunch of safety precautions just in case the rover flipped again. We ended up performing a perfect run and set the world record.'

Now that Andy and his teammates have achieved world record status at Bell's AVR Competition, he will continue to make his mark in college. Andy plans on studying aerospace engineering which will help him land a job at a major space program at a workplace like NASA or SpaceX.

To learn more about the Bell AVR Competition, including information about the 2022 AVR Competition, visit the Bell AVR Website.

About Bell

Thinking above and beyond is what we do. For more than 85 years, we've been reimagining the experience of flight - and where it can take us.

We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA's first lunar mission and brought advanced tiltrotor systems to market. Today, we're defining the future of advanced air mobility.

Headquartered in Fort Worth, Texas - as a wholly-owned subsidiary of Textron Inc., - we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.

Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

About Textron

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, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. 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, changes in aircraft delivery schedules or cancellations or deferrals of orders; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 12 879 M - -
Net income 2022 863 M - -
Net Debt 2022 1 535 M - -
P/E ratio 2022 17,8x
Yield 2022 0,12%
Capitalization 14 885 M 14 885 M -
EV / Sales 2022 1,27x
EV / Sales 2023 1,18x
Nbr of Employees 33 000
Free-Float -
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Number of Analysts 12
Last Close Price 71,30 $
Average target price 80,16 $
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Scott C. Donnelly Chief Operating Officer & Executive Vice President
Frank T. Connor Chief Financial Officer & Executive Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
E. Robert Lupone Secretary, Chief Compliance Officer & Executive VP
Kathleen M. Bader Independent Director
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