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 Delivers Montenegro Air Force's First Bell 505; Montenegro's Air Force adds the first of two Bell 505s to train new military and Air Force pilots in the region.

share with twitter share with LinkedIn share with facebook
09/16/2020 | 12:18pm EDT

Fort Worth, TX - Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, announced today that the Montenegro Air Force accepted its first Bell 505. The technical acceptance occurred in July at Bell Prague. The delivery happened today in Montenegro and was accepted by Montenegro Air Force's Minister of Defence, Predrag BoSkovic. The second aircraft is expected to be delivered January 2021.

'We are proud to deliver Montenegro Air Force's first Bell 505,' said Duncan Van De Velde, Managing Director of Europe and Russia. 'The Bell 505 is renowned for delivering best-in-class value to our customers. Since the students already have knowledge of menu-driven avionics platforms, the 505s advanced avionics leads to better prepared pilots.'

These new aircraft will be used to train the Montenegrin military in the area. Bell provided training for three pilots with HeliDeal, a Certified Training Facility for 505 pilot training located in Southern France.

'We appreciate Bell being so flexible with the training process,' said Major Goran Sencic. 'The virtual training courses were easy to follow and effective in teaching us about the aircraft.'

The Bell 505 continues to have major success within Europe and other parts of the world. The aircraft includes a high-tech flight deck and adaptable cabin design making it extremely cost-competitive and capable for any challenge. With the latest integrated Garmin avionics suite and FADEC-controlled engine, the aircraft provides increased situational awareness and safety, allowing pilots to focus on training and reducing pilot workload. Additionally, the high inertia rotor system enables students to gain confidence in learning auto rotations.

'With the cost effectiveness and flexible cabin space, the Bell 505 is the best trainer aircraft on the market,' said Lt. Col. Bojan Blagojevic, Commander of the Air Force, Armed Forces of Montenegro. 'This aircraft is a great addition to our fleet, and we look forward to working with Bell in the future.'

'Bell aircraft, which are unique in the Western Balkans, are the best choice for Montenegrin Armed Forces,' said Predrag BoSkovic, Minister of Defence, Montenegro Air Force. 'It will provide excellent training to our pilots and opportunities to perform various tasks, but perhaps the most important is supporting civil institutions.'

With a speed of 125 knots (232 km/h) and useful load of 1,500 pounds (680 kg), the Bell 505 is designed to be safe and easy to fly while providing significant value to the operator. The customer-driven design of the aircraft places safety, performance and affordability at the forefront, blending proven systems with advanced technology and a sleek, modern design.

The Bell 505s were manufactured by Bell Textron Canada at its facility in Mirabel, Quebec. The sale was facilitated by the Canadian Commercial Corporation (CCC) through a government-to-government contract. CCC supports the growth of international trade by helping Canadian exporters gain access to foreign government procurement opportunities, worldwide.

(C) 2020 Electronic News Publishing, source ENP Newswire


share with twitter share with LinkedIn share with facebook
All news about TEXTRON INC.
10/29TEXTRON : Management's Discussion and Analysis of Financial Condition and Result..
AQ
10/29TEXTRON : 3Q Earnings Snapshot
AQ
10/29TEXTRON INC : Results of Operations and Financial Condition (form 8-K)
AQ
10/29TEXTRON : Reports Third Quarter 2020 Results
BU
10/28TEXTRON : Declares Quarterly Dividend
BU
10/22TEXTRON : Aviation to expand service offerings to include repair of Citation CJ ..
PU
10/22TEXTRON : Aviation to expand service offerings to include repair of Citation CJ ..
PU
10/22TEXTRON : Bell Delivers Three Bell 407 GXis to Polish National Police
PU
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
More news
Financials (USD)
Sales 2020 11 541 M - -
Net income 2020 285 M - -
Net Debt 2020 1 784 M - -
P/E ratio 2020 29,1x
Yield 2020 0,22%
Capitalization 8 194 M 8 194 M -
EV / Sales 2020 0,86x
EV / Sales 2021 0,77x
Nbr of Employees 30 550
Free-Float 99,0%
Chart TEXTRON INC.
Duration : Period :
Textron Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TEXTRON INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 40,42 $
Last Close Price 35,80 $
Spread / Highest target 25,7%
Spread / Average Target 12,9%
Spread / Lowest Target -2,23%
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.-23.61%7 769
THE BOEING COMPANY-54.48%83 714
AIRBUS SE-52.03%56 162
DASSAULT AVIATION-38.80%6 797
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.52.31%6 258
AVICOPTER PLC4.95%4 348