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TEXTRON INC.

(TXT)
  Report
Delayed Nyse  -  04:03:58 2023-01-27 pm EST
72.28 USD   +0.22%
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Textron Aviation - MORE ENVIRONMENTALLY FRIENDLY FUELS APPROVED FOR CESSNA PISTON-POWERED AIRCRAFT

10/26/2021 | 07:26am EST

WICHITA, Kan. - Textron Aviation announced that many Cessna piston-powered aircraft are now approved to utilize a more environmentally friendly aviation gasoline (AvGas). Owners and operators of Cessna 172 Skyhawk, 182 Skylane can utilize 91-octane unleaded (91UL), 94UL or 100VLL (very low lead) fuel in their aircraft wherever it is available. The 206 Turbo Stationair HD aircraft is approved for 100VLL. Unleaded and lower-leaded fuels burn cleaner than higher-leaded fuels currently used on most piston aircraft.

The Cessna Skyhawk, Skylane and Turbo Stationair HD are designed and manufactured by Textron Aviation Inc., a Textron, Inc. (NYSE: TXT) company.

'Textron Aviation is committed to sustainability, and this announcement is an excellent opportunity for aviation enthusiasts to minimize their carbon footprint while continuing to enjoy the journey of flight,' said Chris Crow, vice president, Piston & Utility Sales. 'We have produced more than 75,000 of these three piston aircraft models, and this gives owners and operators around the world a chance to take action in reducing emissions.'

All three Cessna models utilize engines manufactured by Lycoming Engines, a Textron Inc. business. Lycoming recently approved the use of unleaded and lower-leaded fuels after completion of a series of tests. The fuel is compatible for both new production and legacy Cessna piston aircraft.

Operators may begin use of the alternative fuels once they are compliant with Service Bulletin SEB-28-04 or MEB-28-01.

As an active proponent of sustainable fuel initiatives, Textron Aviation has worked together with various organizations to increase awareness of sustainable aviation fuel (SAF) benefits among operators. Additionally, the company supports the collaborative work of the General Aviation Manufacturers Association, National Business Aviation Association and the European Business Aviation Association to steadily improve worldwide access to affordable sustainable fuel.

Contact:

Duane Frazier

T: +1.316.517.1114

E: dfrazier2@txtav.com

WEB: www.txtav.com

About Textron Aviation

We inspire the journey of flight. For more than 90 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight.

For more information, visit www.txtav.com | www.defense.txtav.com | www.scorpionjet.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, changes in aircraft delivery schedules or cancellations or deferrals of orders.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 12 857 M - -
Net income 2022 861 M - -
Net Debt 2022 1 596 M - -
P/E ratio 2022 18,1x
Yield 2022 0,11%
Capitalization 15 090 M 15 090 M -
EV / Sales 2022 1,30x
EV / Sales 2023 1,19x
Nbr of Employees 33 000
Free-Float -
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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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