Textron enters fleet purchase agreement with Platoon Aviation
The deal positions Platoon to become Europe's largest Cessna Citation Longitude fleet owner, with deliveries starting in 2027.
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Multinational aerospace, defense, and industrial manufacturer
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In short: Textron announced plans to separate its Industrial segment, reported strong Q1 2026 earnings, and secured several major military and fleet contracts.
The deal positions Platoon to become Europe's largest Cessna Citation Longitude fleet owner, with deliveries starting in 2027.
The facility at Essendon Fields Airport expands support for Cessna, Beechcraft, and Hawker customers in Australia and APAC, doubling the footprint to over 35,000 sq ft.
Textron Aviation delivers the jets to fleet launch customer NetJets. The aircraft feature advanced avionics, spacious cabin, and 1,940 nm range. Additional deliveries are expected soon.
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TEXTRON INC has an Investment Rating of BUY; a target price of $103.000000; an Industry Subrating of High; a Management Subrating of High; a Safety...
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