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TEXTRON INC.

(TXT)
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Real-time Estimate Cboe BZX  -  01:28:55 2023-02-02 pm EST
75.70 USD   +1.54%
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U.S. safety board urges immediate inspections of Bell 407 helicopters

12/02/2022 | 05:15pm EST

WASHINGTON (Reuters) -The U.S. National Transportation Safety Board (NTSB) on Friday urged American and Canadian aviation regulators to require immediate inspections of key components on Bell 407 helicopters, citing the risk of catastrophic failures.

The NTSB recommendation was prompted by its probe into the June 8 crash of a Bell 407 near Kalea, Hawaii, in which the tail boom separated from the fuselage during an air tour flight.

NTSB Chair Jennifer Homendy noted there are hundreds of Bell 407 helicopters in service among tour operators, police departments, air ambulance providers and many others.

"We're calling on regulators to act immediately - before there's another accident," Homendy said.

Helicopter maker Bell, a unit of Textron Inc, did not immediately comment.

In the Hawaii accident, the NTSB found the tail boom more than 700 feet from the rest of the helicopter, which crashed in lava-covered terrain. The pilot and two passengers were seriously injured while three other passengers suffered minor injuries.

Asked for comment, the Federal Aviation Administration (FAA) said that last month it issued an alert to operators about Bell 407 helicopter tail booms separating from the fuselage during flight.

The FAA referenced a prior safety directive that requires repetitive checks of the fail boom fasteners every 300 flight hours. The FAA and NTSB noted the helicopter that crashed in June had undergone a check just 114 flight hours before the accident.

The NTSB said operators should check tail boom attachments immediately on all Bell 407 helicopters and the FAA and Transport Canada should reduce the inspection interval from 300 hours to a more conservative number to "increase the likelihood of detecting fractured attachment hardware before a catastrophic failure can occur."

Transport Canada did not immediately comment.

(Reporting by David Shepardson, editing by Deepa Babington)

By David Shepardson


ę Reuters 2022
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Analyst Recommendations on TEXTRON INC.
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Financials (USD)
Sales 2022 12 857 M - -
Net income 2022 861 M - -
Net Debt 2022 1 596 M - -
P/E ratio 2022 18,7x
Yield 2022 0,11%
Capitalization 15 564 M 15 564 M -
EV / Sales 2022 1,33x
EV / Sales 2023 1,23x
Nbr of Employees 33 000
Free-Float -
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Technical analysis trends TEXTRON INC.
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 74,55 $
Average target price 83,19 $
Spread / Average Target 11,6%
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
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