Log in
E-mail
Password
Show 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

TEXTRON INC.

(TXT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Textron : Bell Boeing Begin Nacelle Improvements on Air Force CV-22

09/24/2021 | 08:22am EDT

Aircraft modifications help reduce repair time & improve readiness

AMARILLO, Texas (Sept. 23, 2021) - The first Air Force CV-22 Osprey designated for nacelle improvement modifications arrived at Bell's Amarillo Assembly Center on Sept. 21. The aircraft is part of an ongoing process by Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, and Boeing (NYSE: BA) (together referred to as "Bell Boeing") to further increase the Osprey's reliability and maintainability for the Department of Defense (DOD).

Naval Air Systems Command (NAVAIR) awarded Bell Boeing an $81 million contract in December 2020 to complete Nacelle Improvements on the CV-22 fleet. The contract covers completion of non-recurring elements, fabrication of nine kits, and installation of one kit. NAVAIR has an option period to cover fabrication and installation through 2025.

"We worked directly with our DOD partners, including servicemen and women who maintain these transformational aircraft, in development of the targeted improvements within the nacelle to increase readiness rates while driving down sustainment costs," said Kurt Fuller, V-22 program director and Bell vice president. "Bell Boeing engineers developed innovative solutions to support fleet needs and enhance the maintainability of the V-22 using direct customer feedback."

Approximately 60 percent of maintenance man hours are spent in the nacelles. Bell Boeing successfully engineered more than 1,300 new V-22 part numbers to help improve reliability and maintainability of the nacelles while also reducing repair time. The improvements are predicted to increase aircraft availability and reduce maintenance time.

"Tiltrotors have always brought a new level of capability to aviation," said Shane Openshaw, V-22 deputy director and Boeing vice president. "No other aircraft can accomplish the unparalleled reach, speed, agility of the V-22, and these upgrades help ensure the Osprey remains a ready and capable aircraft for the DOD for decades to come."

Bell Boeing works closely with the U.S. Air Force Special Operations Command and other V-22 customers to pursue upgrades, reduce maintenance, and increase reliability.

NAVAIR completed the first flight with nacelle improvements on a Marine Corps MV-22 test aircraft on April 23, 2021. The MV-22 shares the same nacelle structure as the CV-22 and allowed the Bell Boeing team to receive input from NAVAIR and fleet maintainers before the first Air Force aircraft begins modifications. Bell Boeing will perform the CV modifications in Amarillo, Texas, Fort Worth, Texas, and is expected to complete the upgrades on all CV-22 aircraft by 2025.

###

U.S. Air Force 1st Special Operations Wing CV-22 Ospreys from Hurlburt Field, Fla., performs an airpower demonstration as part of EAA AirVenture Oshkosh 2021, at Wittman Regional Airport, Wis., Aug. 1, 2021. Air Commandos sharpen their personnel recovery and global access skills to ensure they're prepared for real-world contingencies and catastrophic events. (U.S. Air Force photo by Senior Airman Miranda Mahoney)

The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.

Press Contacts:

Jay Hernandez
Bell

Sr. Military Communication Strategist

Phone: (817) 280-1949
Email: jhernandez09@bellflight.com
Online Media Kit

Follow us @BellFlight

Bellflight.com

Meagan LeMelle

Boeing Defense, Space & Security

V-22 Osprey Communications

Phone: (314)-743-9681

Email: meagan.a.lemelle@boeing.com

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 aboard 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 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.

About Boeing

Boeing is the world's largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

For more information on Boeing Defense, Space & Security, visit www.boeing.com. Follow us on Twitter: @BoeingDefense and @BoeingSpace.

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, including but not limited to, changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; and performance issues with key suppliers, subcontractors or business partners.

Disclaimer

Textron Inc. published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2021 12:21:01 UTC.


© Publicnow 2021
All news about TEXTRON INC.
10/22TEXTRON : Bell Completes First Bahrain AH-1Z Viper
PU
10/21TEXTRON : Universal Helicopter Inc. Named First Bell 505 Dealer in United States
AQ
10/21Analysis-Booming private jet market stretches rich buyers as climate clouds gather
RE
10/15Aviation supply chain faces mounting strain as demand picks up
RE
10/12TEXTRON : Aviation Inks Order From Thrive Aviation for Three Additional Cessna Citation Lo..
BU
10/12TEXTRON : Nebraska State Patrol Adds Bell 505 Jet Ranger X to Aviation Support Division
PU
10/12TEXTRON : Aviation Demonstrates Industry Leadership in Sustainability Efforts Through EPA ..
PU
10/12TEXTRON : Aviation Announces Multi-Year Sponsorship of U.S. Ski & Snowboard
PU
10/11Business jet makers look to tap surging travel demand at Las Vegas air show
RE
10/11TEXTRON : Design and Technology Unite in the New Cessna Citation M2 Gen2 and Citation XLS ..
BU
More news
Analyst Recommendations on TEXTRON INC.
More recommendations
Financials (USD)
Sales 2021 12 850 M - -
Net income 2021 747 M - -
Net Debt 2021 1 761 M - -
P/E ratio 2021 22,9x
Yield 2021 0,11%
Capitalization 16 725 M 16 725 M -
EV / Sales 2021 1,44x
EV / Sales 2022 1,31x
Nbr of Employees 33 000
Free-Float -
Chart TEXTRON INC.
Duration : Period :
Textron Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TEXTRON INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 74,62 $
Average target price 79,73 $
Spread / Average Target 6,84%
EPS Revisions
Managers and Directors
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
E. Robert Lupone Secretary, Chief Compliance Officer & Executive VP
Kathleen M. Bader Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TEXTRON INC.54.89%16 725
THE BOEING COMPANY0.13%124 833
AIRBUS SE22.28%100 341
DASSAULT AVIATION SA1.45%8 804
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.24.10%8 596
AVICOPTER PLC-6.63%5 406