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TEXTRON INC.

(TXT)
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Delayed Nyse  -  04:03 2022-12-05 pm EST
69.90 USD   -1.96%
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Textron : Queensland Police Service Orders Fleet of Beechcraft King Air Turboprops for Law Enforcement Mission

10/03/2022 | 05:00pm EST

WICHITA, Kan. (October, 3, 2022) - Textron Aviation Inc. today announced it has been awarded a contract by the Queensland Police Service for five Beechcraft King Air 360 turboprop aircraft with heavy weight, cargo door and extended range options. The Beechcraft King Air fleet will support the Queensland Police Service law enforcement mission and be based in Brisbane, Australia. Deliveries are expected to occur through 2023.

The Beechcraft King Air is designed and manufactured by Textron Aviation, a Textron Inc. (NYSE:TXT) company. Textron is known around the world for its powerful brands such as Cessna and Bell.

"We're honored the Queensland Police Service has chosen the Beechcraft King Air to support their law enforcement mission," said Bob Gibbs, vice president, Special Mission Sales for Textron Aviation. "The King Air continues to be selected for a wide range of special mission roles around the world due to the aircraft's capabilities and reliability."
The King Air 360 aircraft will be equipped with a gravel landing protection kit and configured in a high-density seat transport configuration.

Endless Special Mission Possibilities
When government, military and commercial customers want airborne solutions for critical missions, they turn to Textron Aviation. The company's aviation solutions provide the high performance and flight characteristics required to address the unique challenges of special mission operations. With unparalleled quality, versatility and low operating costs, Textron Aviation products are preferred for air ambulance, ISR, utility transport, aerial survey, flight inspection, training and a number of other special operations.

King Air leadership
More than 7,700 Beechcraft King Air turboprops have been delivered to customers around the world since 1964, making it the best-selling business turboprop family in the world. The worldwide fleet has surpassed 62 million flight hours in its 58 years, serving roles in all branches of the U.S. military and flying both commercial and special mission roles around the world.

Beechcraft King Air 360

###

About Textron Aviation

We inspire the journey of flight. For more than 95 years, Textron Aviation 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, productive and flexible flight.

For more information, visit www.txtav.com | www.defense.txtav.com | www.scorpionjet.com.

About Textron

Textron 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, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. 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.

Doug Scott
+1.316.347.0116
dscott2@txtav.com
txtav.com

Disclaimer

Textron Inc. published this content on 03 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2022 20:59:07 UTC.


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Financials (USD)
Sales 2022 12 879 M - -
Net income 2022 863 M - -
Net Debt 2022 1 535 M - -
P/E ratio 2022 17,5x
Yield 2022 0,12%
Capitalization 14 885 M 14 885 M -
EV / Sales 2022 1,27x
EV / Sales 2023 1,18x
Nbr of Employees 33 000
Free-Float -
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Number of Analysts 12
Last Close Price 69,90 $
Average target price 80,16 $
Spread / Average Target 14,7%
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Managers and Directors
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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