TEXTRON (TXT) Company Report

The Cessna Citation Ascend obtained FAA type certification on November 5, 2025, after over 1,000 flight-test hours across two prototypes, with service entry planned later this year.
Powered by two Pratt & Whitney Canada PW545D engines, the midsize jet delivers a maximum speed of 441 ktas, a range of 1,940 nm, and a full-fuel payload of 900 lb.
The cockpit is upgraded with Garmin G5000 avionics, featuring three 14-inch high-resolution displays, dual flight management systems, synthetic vision, and CPDLC for direct North America-Europe routes.
The cabin supports up to 12 passengers, flat-floor luxury fittings, 15% larger windows, 19 USB ports, universal power outlets, wireless charging, and standard GoGo U.S. Avance L3 Max Wi-Fi.

Nov 7, 2025, 1:10 AM

Press Release

Textron’s Cessna Citation Ascend obtains FAA certification

TXT

Product Launch

On November 5, 2025, Textron Aviation’s Cessna Citation Ascend received type certification from the FAA, with service entry expected later this year.
The midsize business jet features a new Garmin G5000 cockpit with three 14-inch high-resolution displays, automated acceleration, synthetic vision, and dual flight management systems.
Powered by Pratt & Whitney Canada PW545D engines, the Ascend delivers a max cruise speed of 441 knots, a range of 1,940 nm, and a 900 lb payload capacity.

Nov 7, 2025, 12:58 AM

Press Release

Textron achieves FAA certification for Cessna Citation Ascend

TXT

Product Launch

Cessna Citation Ascend obtained FAA type certification on November 5, 2025.
Developed by Textron Aviation, it features a new cockpit, enhanced performance, and a flat‐floor luxury cabin.
Over 1,000 flight hours and extensive certification tests by two test aircraft led to approval; entry into service is expected later in 2025.

Nov 7, 2025, 12:40 AM

Press Release

Textron’s Cessna Citation Ascend receives FAA type certification

TXT

Product Launch

Received FAA Type Certification on November 5, 2025; entry into service is expected by year-end 2025.
Features a completely new flight deck, luxurious flat-floor cabin, and improved performance.
Certification followed two test aircraft completing over 1,000 flight hours and extensive trials.
Developed and manufactured by Textron Aviation, a division of Textron Inc. (NYSE:TXT).
Enhances the most popular midsize business jet family with advanced capabilities.

Nov 7, 2025, 12:40 AM

Press Release

Textron issues $500M of 4.950% notes due 2036

TXT

Debt Issuance

Textron Inc. issued and sold $500 million aggregate principal amount of its 4.950% Notes due March 15, 2036 under its Form S-3 registration statement, pursuant to a prospectus supplement dated October 28, 2025.
The Notes bear 4.950% annual interest, payable semiannually on March 15 and September 15, commencing March 15, 2026, and mature on March 15, 2036.
The securities were sold at 99.331% of par to an underwriting syndicate led by Goldman Sachs, J.P. Morgan and Wells Fargo, with settlement on October 31, 2025.
Notes are redeemable at par beginning December 15, 2035 and include a change-of-control repurchase right at 101% of principal plus accrued interest.

Oct 31, 2025, 4:24 PM

8-K

Textron plans Wichita assembly of Beechcraft M-346N pending U.S. Navy UJTS contract

TXT

New Projects/Investments

$38 million investment to modernize over 50,000 sq ft of its east Wichita campus for M-346N assembly, potentially creating 100 direct manufacturing jobs plus indirect roles if awarded the Navy’s UJTS contract.
The Beechcraft M-346N is a twin-engine, tandem-seat advanced jet trainer featuring digital flight controls, Live-Virtual-Constructive capabilities, and over 100 units produced, offering a low-risk solution for naval pilot training.
Textron anticipates the UJTS contract award in January 2027, positioning it to support the U.S. Navy’s accelerated Initial Operational Capability.
The announcement underscores Textron Aviation Defense’s 85-year legacy of supplying integrated training systems to the U.S. government from Wichita.

Oct 28, 2025, 3:00 PM

Press Release

Textron enters $1.0B revolving credit facility with JPMorgan

TXT

Debt Issuance

On October 16, 2025, Textron secured a $1.0 billion senior unsecured revolving credit facility, replacing its prior $1.0 billion facility maturing October 21, 2027, with an option to increase commitments to $1.3 billion; the new facility matures October 16, 2030, with up to two one-year extensions.
Borrowings bear interest at either a Base Rate (highest of Prime, federal funds +0.50%, or 1-month SOFR +1.00% plus a 0.14% margin) or Term SOFR plus a 1.14% margin, and incur a quarterly facility fee of 0.11% at current BBB/Baa2 ratings.
The facility provides a $100 million sublimit for letters of credit, subject to fronting fees and charges at the same Term Benchmark Margin.
Key covenants restrict mergers or asset sales unless obligations are assumed, cap liens (permitted liens limited to 3% of consolidated assets), and require maintaining a Finance Company Leverage Ratio of no more than 9:1.

Oct 20, 2025, 9:15 PM

8-K

Textron Aviation obtains FAA certification for Cessna Citation CJ3 Gen2

TXT

Product Launch

Textron Aviation, a subsidiary of Textron Inc., secured FAA type certification for the Cessna Citation CJ3 Gen2, bringing the most comprehensive second-generation enhancements to market.
Key upgrades include automatic thrust technology, an extra 4.5 inches of pilot legroom, and a fully customizable cabin environment, all driven by customer feedback.
After completing 445 hours of flight testing, the light jet is scheduled to enter service in 2025.

Oct 14, 2025, 12:10 PM

Press Release

Textron Aviation’s Cessna Citation CJ3 Gen2 achieves FAA certification

TXT

Product Launch

FAA type certification granted after 445 hours of flight testing; aircraft to enter service later in 2025.
Gen2 enhancements include Garmin G3000 auto-throttles, optional Enhanced Vision System (EVS), touch-screen avionics and GDL60 connectivity.
Cabin upgrades feature an additional 4.5 inches of pilot legroom, customizable RGB lighting, USB-C power and wireless charging at every seat.
Performance specs: 2,040 nm max range, 5,530 lb useful load; standard nine-seat layout with an optional eight-seat configuration.

Oct 14, 2025, 12:08 PM

Press Release

Textron Aviation’s Cessna Citation CJ3 Gen2 achieves FAA certification

TXT

Product Launch

Textron Aviation’s Cessna Citation CJ3 Gen2 achieved FAA type certification after 445 flight test hours, preparing for market entry in 2025.
The aircraft integrates Garmin G3000 avionics with automatic throttles, optional enhanced vision system and offers 11.4 cm additional pilot legroom.
It delivers a maximum range of 2,040 nm, a useful load of 2,500 kg and standard seating for nine passengers (or eight with extra storage).
The customizable luxury cabin includes RGB lighting, USB-C charging at each seat, CoolView skylights and an optional high-power outlet for galley equipment.

Oct 14, 2025, 12:08 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for TEXTRON.

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