ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

U.S. Army awards Textron Aviation contract for three Beechcraft King Air turboprops

- Award is part of $100 million indefinite delivery, indefinite quantity contract for special missions Cessna SkyCouriers, Cessna Caravans and Beechcraft King Air turboprops

Textron Aviation today announced it has been awarded a contract by the U.S. Army Contracting Command, Redstone Arsenal, AL, for Cessna SkyCourier, Cessna Grand Caravan EX, Beechcraft King Air 360 and Beechcraft King Air 260 turboprop aircraft in support of Foreign Military Sales (FMS). The indefinite delivery, indefinite quantity (IDIQ) contract allows up to $100 million U.S. dollars for the acquisition of Textron Aviation aircraft over a five-year period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231107736088/en/

Beechcraft King Air 360 (Photo: Business Wire)

Beechcraft King Air 360 (Photo: Business Wire)

The Cessna SkyCourier, Cessna Grand Caravan EX and Beechcraft King Air are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company.

The initial award is for three King Air 360 Extended Range (KA360ER) aircraft, of which two are destined for the Peruvian Naval Aviation Force (Fuerza de Aviación Naval) and one for the Ecuadorian Naval Aviation (Aviación Naval Ecuatoriana).

“This IDIQ aligns with Defense Secretary Lloyd Austin’s recent tasking memo directing improvement and acceleration of DOD’s institutional processes to execute FMS cases. It will provide highly capable commercial off-the-shelf (COTS) aircraft that can be equipped with COTS releasable technology, and it will accelerate acquisition and contracting timelines from many months or years to weeks,” said Bob Gibbs, vice president, Special Mission Sales for Textron Aviation. “We are honored the U.S. Army created this multiyear IDIQ contract with Textron Aviation, which provides the ability to rapidly procure COTS aircraft and modification for FMS allies and partner nations.”

All three of the initial King Air turboprops awarded will perform maritime patrol to enforce the sovereignty of Peru and Ecuador over their respective Exclusive Economic Zones (EEZ).

Endless Special Missions 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 missions operations. With unparalleled quality, versatility and low operating costs, Textron Aviation products are chosen for air ambulance, ISR, utility transport, aerial survey, flight inspection, training and a number of other special operations.

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 missions, 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 | defense.txtav.com | scorpion.txtav.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.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  234.69
-2.89 (-1.22%)
AAPL  272.41
-0.54 (-0.20%)
AMD  246.81
-1.15 (-0.46%)
BAC  52.61
-0.26 (-0.49%)
GOOG  276.98
-2.14 (-0.77%)
META  609.46
-0.43 (-0.07%)
MSFT  510.18
+6.89 (1.37%)
NVDA  190.17
+3.31 (1.77%)
ORCL  222.85
+5.28 (2.43%)
TSLA  404.35
+2.36 (0.59%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.