Textron Aviation



















Textron Aviation
IndustryAerospace
Founded2014
Headquarters
Wichita, Kansas
,
United States

Key people
CEO: Ronald Draper (2018)
Products
General aviation and military aircraft
Brands:
Beechcraft
Cessna
Hawker
RevenueUS$4.6B (Cessna and Beechcraft combined, 2013)
OwnerTextron
Websitewww.txtav.com

Textron Aviation is the general aviation business unit of the Textron group that was formed in March 2014 following the acquisition of Beech Holdings which included the Beechcraft and Hawker Aircraft businesses. The new business unit includes the Textron-owned Cessna. Textron Aviation sells Beechcraft and Cessna branded aircraft. While no longer selling new Hawker airplanes, Textron Aviation still supports the existing Hawker aircraft fleet through its service centers.[1][2]


The CEO of Cessna, Scott Ernest, was named as the first CEO of Textron Aviation Incorporated.[1][2] In October 2018, Ronald Draper succeeded Scott Ernest to become the second CEO of Textron Aviation Incorporated.[3]




Contents





  • 1 History


  • 2 Products

    • 2.1 Aircraft



  • 3 References


  • 4 External links




History


Textron completed its purchase of Beech Holdings in March 2014 for approximately US$1.4 billion in cash. The parent company, Textron, financed the equity purchase and the repayment of Beechcraft's debt in cash, plus its issue of US$600 million in senior notes and a new US$500 million five-year term loan.[1][2]


Once the purchase was completed on March 14, 2014, Textron combined Beechcraft with its existing Cessna subsidiary to form Textron Aviation and brought all production under the new company name. The old companies become brands of the new company due to their historical significance and name recognition.[1][2]


In January 2017 the company announced lay-offs as a result of falling business jet and turboprop sales and company profits. Textron CEO Scott Donnelly indicated that customers are seeking pricing levels that the company is not willing to support.[4]


In the first quarter of 2017 company revenues were down US$121 million compared to 2016, as a result of lower sales of military and commercial turboprop aircraft. The company made a first quarter 2017 profit of US$36 million, down from US$73 million in the first quarter of 2016.[5]


In February 2018 the company ceased production of the Cessna 400. Sales of the model had been slow, with only 23 sold in 2017.[6]



Products


Textron Aviation's various lines of aircraft, including the Cessna single engined piston and turboprop aircraft and jets, Beechcraft piston and turboprops are seen by the company as complimentary to each other and not as competitors. Textron Aviation also produces the Beechcraft T-6 Texan II trainer and AT-6 light attack variant. The company does not produce the Hawker jets, but provides parts support for them.


By 2015, Textron Aviation companies have delivered nearly 251,000 aircraft, exceeding 100 million flight hours, in over 170 countries.[7]
It provides aircraft parts and engineering support for them.



Aircraft





Cessna 172R





Beechcraft AT-6 light attack aircraft





Beechcraft 350 Super King Air





Hawker 800











































































Summary of aircraft built by Textron Aviation
Model name
Original first flight
Number built
Type

Cessna 172
1955
43,000
light general aviation aircraft, 4-seat, 145-180 hp

Cessna 182
1956
23,237
light general aviation aircraft, 4-seat, 227-235 hp

Cessna 206
1962
8,509
light general aviation aircraft, 6 seat

Cessna 208 Caravan
1982
2,500
general aviation aircraft/commuter

Cessna TTx
2004

light general aviation aircraft, 4-seat, low-wing

Cessna Citation Mustang
2005
425
general aviation very light jet aircraft

Cessna Citation M2
2012

general aviation light jet aircraft

Cessna CitationJet
1991
400
general aviation light jet aircraft

Cessna Citation Excel
1996
575
general aviation mid-size jet aircraft

Cessna Citation Sovereign
2002
300
general aviation mid-size jet aircraft

Cessna Citation Latitude
2014

general aviation mid-size jet aircraft

Cessna Citation X
1993
330
general aviation long range mid-size jet aircraft

Beechcraft G36 Bonanza
1945
17,000
light general aviation aircraft, 6-seat

Beechcraft G58 Baron
1960
6,691
light general aviation aircraft, twin piston

Beechcraft T-6 Texan II/AT-6
2000
850
military training aircraft/light attack aircraft

Beechcraft King Air
1963
3,100+
light general aviation aircraft

Beechcraft Super King Air
1972
3,550+
light general aviation aircraft


References




  1. ^ abcd "Textron Completes Acquisition of Beechcraft". Textron. 14 March 2014..mw-parser-output cite.citationfont-style:inherit.mw-parser-output qquotes:"""""""'""'".mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


  2. ^ abcd Durden, Rick (14 March 2014). "Beech and Cessna to Become Textron Aviation". AVweb. Retrieved 15 March 2014.


  3. ^ Niles, Russ (14 October 2018). "Ernest Out At Textron Aviation". AVweb. Retrieved 15 October 2018.


  4. ^ Kauh, Elaine (25 January 2017). "Textron: Citation Production To Roll Back In 2017". AVweb. Retrieved 27 January 2017.


  5. ^ Grady, Mary (25 April 2017). "King Air Sales Down". AVweb. Retrieved 26 April 2017.


  6. ^ Niles, Russ (20 February 2018). "Textron Confirms TTx Discontinued". AVweb. Retrieved 21 February 2018.


  7. ^ "2015 Fact Book" (PDF). Textron Aviation. 2016.




External links


  • Official website








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