Textron Aviation Announces Agreement To Purchase 48 Cessna Skyhawks To Support BAA Training
Portfolio Pulse from Benzinga Newsdesk
Textron Aviation, a Textron Inc. (NYSE:TXT) company, has announced an agreement with BAA Training for the purchase of 48 Cessna Skyhawk aircraft, to be delivered in 2026. The deal, signed at the Dubai Airshow, will expand BAA Training's fleet and enhance the flight training process. The Cessna Skyhawk is known for its stable flight characteristics and reliability, making it a popular training aircraft. BAA Training aims to increase its student capacity to 500-1000 per year, and the new aircraft will support this growth.
November 22, 2023 | 6:08 pm
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Textron Inc. has secured a deal to sell 48 Cessna Skyhawk aircraft to BAA Training, which will likely increase production and revenue forecasts for 2026.
The sale of 48 aircraft is a significant order for Textron Aviation, indicating a boost in future production and potentially increasing revenue projections for the year 2026. This agreement may positively influence investor sentiment and the company's stock price in the short term, as it reflects confidence in Textron's products and its market position in aviation training.
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