Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

TEXTRON INC.

(TXT)
  Report
Delayed Nyse  -  04:03 2022-12-05 pm EST
69.90 USD   -1.96%
05:35pU.S. Army awards contract to Textron for next-generation helicopter
RE
05:25pU.s. army announces bell textron wins contract to make next gene…
RE
12:32pTextron : Wins $162 Million CTSO Increment 1 Contract
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Textron : TRU Simulation + Training Signs Agreement with Royal Flying Doctor Service for Beechcraft King Air Full-Flight Simulator in Australia

10/04/2022 | 02:42pm EST

TAMPA, Fla. (October 4, 2022) - TRU Simulation + Training Inc. announced today the sale of a Full-Flight Simulator (FFS) to the Royal Flying Doctor Service (Queensland Section) (RFDS). The FFS will be Level D qualified and designed to be reconfigurable to support training for the entire RFDS King Air fleet of aircraft, including the Beechcraft King Air 260, King Air 350 and King Air 360.

TRU Simulation + Training, an affiliate of Textron Aviation Inc., is a Textron Inc. (NYSE:TXT) company that designs and delivers high-fidelity training devices and support for civil and defense customers.

"The Royal Flying Doctor Service is a highly respected organization that provides life-saving services throughout Australia, and TRU is honored to be a part of ensuring its pilots have the best quality training device and support possible," said Jerry Messaris, vice president and general manager of TRU Simulation + Training. "As the simulator will be reconfigurable between various King Air 200 and 300 series aircraft, this will ensure the RFDS can meet all of its pilot training needs."

In 2021, the RFDS (Queensland Section) signed an agreement with Textron Aviation to purchase four new cargo-door and heavy weight operations package-equipped Beechcraft King Air 360CHW turboprops. The aeromedical organization recently acquired two additional aircraft and placed an order for another, which will bring the number of Beechcraft King Air 360 aircraft in the RFDS (Queensland Section) fleet to seven. The new turboprops add to RFDS' already large Beechcraft King Air fleet, which is used to deliver aeromedical retrievals and provide healthcare services to regional, rural and
remote Queenslanders.

The new simulator will be the first of its kind in Australia and will be housed in a new, purpose-built training facility next to the RFDS' base in Bundaberg. It is expected to receive qualification by the Civil Aviation Safety Authority (CASA) of Australia and be ready for training in 2023.

RFDS (Queensland Section) Chief Executive Officer Meredith Staib said the new simulator and Beechcraft King Air 360 fleet will play a vital role in the future operations of the RFDS in Queensland.

"Our teams provide healthcare services over an area of 1.73 million square kilometers across Queensland, and as we propel toward 100 years of the RFDS, we're committed to continuing to revolutionize aeromedical care for communities in the furthest corners of the state," Staib said. "Having access to leading technology like the simulator on our doorstep will ensure the continuity of world-class training for our pilots and crew, while the new Beechcraft King Air 360 fleet will allow us to fly further and faster than ever before, ensuring we're able to continue to provide first-class care for patients - no matter where they live - well into the future."

The King Air Full-Flight Simulator, equipped with Collins Aerospace's Pro Line Fusion avionics, will incorporate TRU's REALFeel control loading system, producing a highly realistic flight experience.

The full-flight motion of the simulator integrates TRU's REALCue system, featuring an electric motion base with 60-inch-stroke actuators. To create an immersive training environment, the visual system is equipped with high-definition projectors on a 200x40 degree display.

###

About TRU Simulation + Training
TRU Simulation + Training delivers innovative aviation training solutions to the business aviation, rotorcraft and military markets, while providing superior technical support and customer service. Headquartered in Tampa, Fla., the company is known for its wide range of high-fidelity training devices. More information is available at www.TRUSimulation.com.

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 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.

Media Contact:

Brian Kruse +1.316.517.5508

[email protected]

txtav.com

Disclaimer

Textron Inc. published this content on 04 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2022 18:41:02 UTC.


ę Publicnow 2022
All news about TEXTRON INC.
05:35pU.S. Army awards contract to Textron for next-generation helicopter
RE
05:25pU.s. army announces bell textron wins contract to make next gene…
RE
12:32pTextron : Wins $162 Million CTSO Increment 1 Contract
PU
12:02pTextron : Wins $162 Million CTSO Increment 1 Contract Award Supports Modernization of U.S...
PU
12/02U.S. safety board urges immediate inspections of Bell 407 helicopters
RE
12/01Global markets live: General Electric, Tesla, Apple, Salesforce, Boe..
MS
11/30General Electric Eyes $4 Billion Acquisition Of US Aerospace Group Aerojet Rocketdyne
MT
11/30Sector Update: Tech Stocks Lead Wednesday Markets Reversal
MT
11/30General Electric, L3Harris Reportedly Among Those Interested in Buying Aerojet
MT
11/30General Electric, L3Harris Technologies, Textron and Veritas Capital Reportedly Vying f..
CI
More news
Analyst Recommendations on TEXTRON INC.
More recommendations
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 -
Chart TEXTRON INC.
Duration : Period :
Textron Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TEXTRON INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 69,90 $
Average target price 80,16 $
Spread / Average Target 14,7%
EPS Revisions
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
Sector and Competitors
1st jan.Capi. (M$)
TEXTRON INC.-7.64%14 885
BOEING-9.16%108 987
AIRBUS SE-1.23%91 638
DASSAULT AVIATION62.21%13 445
AVICOPTER PLC-40.78%4 029
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED-34.69%3 487