Textron Bags Order From Thrive Aviation; Inks Joint Development Agreement With Xwing

Comments
Loading...
  • Textron Inc. TXT subsidiary Textron Aviation received an order from Las Vegas-based private aviation charter operator Thrive Aviation for three additional Cessna Citation Longitude business jets, set to deliver beginning December 2021. Financial terms were not disclosed.
  • This order will boost Thrive's fleet of Textron Aviation aircraft to 15.
  • Earlier, Xwing, the pioneering company autonomy for aviation, and Textron Aviation signed a joint development agreement.
  • Under this non-exclusive agreement, Xwing and Textron Aviation will begin to work together to accelerate the integration of autoflight technologies into existing and future aircraft, starting with the Cessna Grand Caravan.
  • Price Action: TXT shares closed higher by 0.30% at $71.36 on Tuesday.
Overview Rating:
Good
62.5%
Technicals Analysis
66
0100
Financials Analysis
60
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!