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MarketScreener Homepage  >  Equities  >  Nyse  >  Textron Inc.    TXT

TEXTRON INC.

(TXT)
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Textron : Bell 505 Jet Ranger X Records 50,000 Global Fleet Flight Hours; Program milestone achieved with more than 260 aircraft operating globally

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09/23/2020 | 11:40am EDT

Fort Worth, TX - Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced the Bell 505 Jet Ranger X program has accumulated more than 50,000 flight hours. More than 260 Bell 505s are operating a variety of missions across six continents and 55 countries.

Notable deliveries this year have included, Southern Utah University, Centaurium and public safety configured Bell 505s to Leon County and Alameda County.

'Operators around the world continue to compliment the aircraft performance and value in adding a Bell 505 to their daily operations,' said Eric Sinusas, program director, Light Aircraft, Bell. 'This milestone represents the platform's global growth and adoption as it enables operators to complete dynamic missions at an affordable cost.'

One Italy based operator, Elicompany flies the Bell 505 nearly 1,000 flight hours per year.

'Another thing to look at is the reliability of the helicopter,' said Cristian Forghieri co-owner of Elicompany, and flight operations director. 'We've experienced very low maintenance and essentially no time grounded. We've logged an excess of 1,100 hours to date. We are really happy because when we plan it, the Bell 505 can do it.'

With a speed of 125 knots (232 km/h) and useful load of 1,500 pounds (680 kg), the Bell 505 is Bell's new five-seat aircraft designed for safety, efficiency and reliability using advanced avionics technology. It incorporates proven dynamic components, advanced aerodynamic design, a dual channel FADEC Safran Arrius 2R engine and best-in-class value.

Press Contact:

Blakeley Thress

+1 817-280-2968

mediarelations@bellflight.com

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 11 524 M - -
Net income 2020 228 M - -
Net Debt 2020 1 851 M - -
P/E ratio 2020 34,6x
Yield 2020 0,23%
Capitalization 7 949 M 7 949 M -
EV / Sales 2020 0,85x
EV / Sales 2021 0,75x
Nbr of Employees 35 000
Free-Float 99,4%
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Mean consensus HOLD
Number of Analysts 12
Average target price 39,58 $
Last Close Price 34,86 $
Spread / Highest target 29,1%
Spread / Average Target 13,5%
Spread / Lowest Target 0,40%
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Managers
NameTitle
Scott C. Donnelly Chairman, President & Chief Executive Officer
Frank T. Connor Chief Financial Officer & Executive Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
Kathleen M. Bader Lead Independent Director
Paul Ernest Gagné Lead Independent Director
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