Textron Inc.'s (TXT - Free Report) unit Textron Aviation Inc. announced an agreement with NetJets® Inc., a subsidiary of Berkshire Hathaway Inc. , to sell a fleet of aircraft. Per the deal, the NetJets has an option to purchase up to 175 super-midsize Cessna Citation Longitude® aircraft and up to 150 Cessna Citation Hemisphere® aircraft.
NetJets has the choice to take the first deliveries of the Citation Longitude during the second half of 2019 with additional options on Longitude aircraft exercised over the following 10-15 years.
Textron's Robust Commercial Aviation Fleet
Textron commands a solid presence in diverse areas including business jets and other general aviation aircraft, helicopter, aircraft engines, golf carts, turf maintenance equipment, electronic test equipment and blow-molded fuel tanks.
Textron continued to witness strong order growth in second-quarter 2018 along with solid delivery figures. Textron Aviation delivered 48 jets, up from 46 last year and 47 commercial turboprops, up from 33 last year. In fact, the company consistently saw an improved order flow across its jet and commercial turboprop product lines with greater strength coming from the international markets. Going ahead, the company expects positive demand in the commercial space with a sturdy representation across all its existing models.
While Textron's legacy product portfolio steadily expands its well-established footprint across the globe, the company has been innovating new items to capture more shares in the market place. To this end, the company is progressing well toward achieving Federal Aviation Administration (FAA) certification for its Citation Longitude aircraft. As a result, new products coming in coupled with strong order growth for existing commercial jets will boost the company's top line substantially in the upcoming quarters.
Ingen kommentarer:
Legg inn en kommentar
Merk: Bare medlemmer av denne bloggen kan legge inn en kommentar.