TEXTRON AVIATION earned $128m on $1.34b revenues in 3Q24 vs $160m on $1.34b in 3Q23; it has $7.6b backlog. It delivered 41 jets/25 turboprops vs 39 jets/38 turboprops a year ago. BELL delivered 44 commercial helicopters vs 23.
Production is beginning to ramp up at Textron Aviation after a month-long strike by the Machinists union—a strike that impacted the Q3 financial results.
The FAA on Oct. 22 announced the release of a regulation that creates the operating and pilot training basis for a new category of powered-lift aircraft.
GENERAL DYNAMICS AEROSPACE earned $305m on $2.5b sales in 3Q24 vs $268m on $2b in 3Q23; book-to-bill ratio was 1.0 vs 1.4 a year ago. GULFSTREAM delivered 28 business jets in 3Q23/89 in 1Q-3Q24 vs 27 in 3Q23/72 in 1Q-3Q23.
WHEELS UP announced plan to purchase 17 Phenom 300/300Es from Grandview Aviation, acquire Challenger 300/350s on open market and sell its 13 Citation Xs to third party, consolidating fleet types. It also contracted GOGO to supply Galileo HDX inflight Wi-Fi and secured financing commitment from BANK OF AMERICA with credit support from DELTA.
Several factors led to lower than planned deliveries of the Gulfstream G700 ultra-long range jet in Q3 2024, executives told analysts during a Q3 call.
The company is developing what it calls a Generation-0, near-conformal demonstrator version of its planned Ultra Short nine-passenger hybrid electric STOL.
MARSH BROTHERS AVIATION was selected to supply grease-free, self-lubricating King Air wing flap roller bearings for 10 aircraft for Canada's Rise Air (8)/Sunwest Aviation (1) and Colombia's ASMC (1), replacing original greased rollers.
COMLUX COMPLETION reports it has secured nine contracts over past 12 months for three ACJ TwoTwenty interiors, three ACJ320 VIP interiors and three maintenance and cabin upgrades; all work will be carried out at Indianapolis, IN.
GOGO BUSINESS AVIATION was selected by Textron Aviation to supply Galileo HDX LEO inflight connectivity solution as customer option for factory installation on Cessna Citation Longitude, Citation Latitude and Citation Ascend.
The tool, MySky Scheduler, utilizes onboard Flight Management System post-flight data to eliminate the need for manual post-flight data entry for aircrew.
