Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Textron Inc.    TXT

TEXTRON INC.

(TXT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Textron : Bell Announces Collaboration Agreement for New Bell 429 Law Enforcement Demonstrator in Germany

share with twitter share with LinkedIn share with facebook
09/23/2020 | 05:15pm EDT

Fort Worth, TX (September 23, 2020) Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, announced today a collaboration agreement with Elektroniksystem- und Logistik-GmbH (ESG) to install their Mission Management System in a Bell 429 as a law enforcement demonstrator. This new demonstrator will be used to showcase the aircraft's capabilities to the police and military markets in Europe and across the globe.

'With the Bell 429 certified to the latest certification standards in its class, combined with market-leading customer support - it was imperative to team up with a top German technology company such as ESG,' said Duncan Van De Velde, Managing Director, Europe & Russia. 'Bell and ESG are committed to providing the best solution to the parapublic market and will work together to showcase this offering.'

For more than 50 years, ESG has been developing, integrating, and operating complex and security-related electronic and IT systems for the military, public authorities and companies. ESG is a leading international system and software company based in Munich, Germany. It provides development and service processes for software-intensive, complex, high-tech and security-related products.

'We are excited for this collaboration with Bell,' said Daniel Högemann, Project Manager Mission & New Generation Helicopters, ESG. 'By pairing our Mission Management System with the reliable Bell 429, we believe we can provide the best parapublic solution to the region.'

With over 400 Bell 429s around the globe and 100 located in Europe, the aircraft has been one of the most successful light twin helicopters on the market since its certification in 2009.The Bell 429 is a proven system that is operated by premier law enforcement and for search and rescue missions with customers in Europe and around the world.

For police and military missions, the surveillance system is one of the most important items of equipment on the helicopter. In order to conduct the mission, the customer must have confidence that the system can perform in an emergency situation. ESG's Mission Management System has set the standard for police surveillance missions by providing state-of-the-art integration of mission equipment. Customers will be able to have the option to purchase the ESG system with their new helicopter directly from Bell together as one purchase.

For more information, visit the Bell website.

Press Contact:

Grace Dieb
+1 817‐280‐5384
mediarelations@bellflight.com

###

ABOUT BELL

Thinking above and beyond is what we do. For more than 80 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 on-demand 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 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 may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. 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.

About ESG Elektroniksystem- und Logistik-GmbH

ESG has been one of the leading German providers of design, integration and operation of complex, security-related electronic and IT systems for five decades, with a current turnover of 330 million EUR. With more than 2000 employees, the ESG Group encompasses the brands ESG DEFENCE + PUBLIC SECURITY, CYOSS and ESG MOBILITY. In Germany and internationally, these people provide products and services for customers from government authorities, the fields of defence and public security and industry.
ESG is a certified aviation company for aircraft and aviation equipment for the Bundeswehr (German Federal Armed Forces) and an aviation engineering company in line with EASA Parts 21J/G and 145.
As a special systems company for mission avionics, simulation and training, as well as special deployment systems, ESG offers customized solutions.
Independent process and technology consulting is one of ESG's key competencies. Technology transfer between markets is what makes a significant contribution to our customers' added value.

Press contact:

Ulrich-Joachim Müller, Corporate Communications
+49 89 92161 2850
ulrich-joachim.mueller@esg.de

Disclaimer

Textron Inc. published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 21:14:04 UTC


share with twitter share with LinkedIn share with facebook
All news about TEXTRON INC.
10/19TEXTRON : United States Marines Retire Bell AH-1W After 34 Years of Service
PU
10/19TEXTRON : United States Marines Retire Bell AH-1W After 34 Years of Service
PU
10/18TEXTRON : And shield ai to collaborate on military multi-domain autonomy technol..
PU
10/15TEXTRON : U.s. customs and border protection expands fleet with two more special..
AQ
10/14TEXTRON : And shield ai to collaborate on military multi-domain autonomy technol..
AQ
10/14TEXTRON : Howe & howe completes first domestic sale of the thermite rs3 to the l..
AQ
10/13TEXTRON : U.S. Customs and Border Protection expands fleet with two more Special..
PU
10/06TEXTRON : Beechcraft King Air 360/360ER achieves FAA type certification; usherin..
AQ
10/06TEXTRON : Beechcraft King Air 360/360ER achieves FAA type certification; usherin..
PU
10/02TEXTRON : Bell Expands Global Footprint in Germany
AQ
More news
Financials (USD)
Sales 2020 11 524 M - -
Net income 2020 228 M - -
Net Debt 2020 1 851 M - -
P/E ratio 2020 34,7x
Yield 2020 0,23%
Capitalization 7 977 M 7 977 M -
EV / Sales 2020 0,85x
EV / Sales 2021 0,75x
Nbr of Employees 35 000
Free-Float 99,4%
Chart TEXTRON INC.
Duration : Period :
Textron Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TEXTRON INC.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 39,58 $
Last Close Price 34,98 $
Spread / Highest target 28,6%
Spread / Average Target 13,2%
Spread / Lowest Target 0,06%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
TEXTRON INC.-20.43%7 977
THE BOEING COMPANY-48.70%94 325
AIRBUS SE-48.70%60 631
DASSAULT AVIATION-34.32%7 464
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.73.05%6 814
AVICOPTER PLC16.54%4 868