Textron Inc
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Industrials : Aerospace & Defense | Mid Cap Blend
Company profile

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with various solutions and services. The Company operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Finance, and Textron eAviation. Textron Aviation segment manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems segment is a supplier to the defense, homeland security, aerospace, infrastructure protection and other customer missions. Industrial segment designs and manufactures a range of products within the fuel systems and functional components, and specialized vehicles product lines. Textron eAviation offers a family of sustainable aircraft for urban air mobility, general aviation, cargo, and special mission roles.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
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Ask
--
B/A Size
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Market Hours

Closing Price
$70.30
Day's Change
-0.06 (-0.09%)
Bid
--
Ask
--
B/A Size
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Day's High
71.01
Day's Low
70.14
Volume
(Average)
Volume:
1,430,533

10-day average volume:
1,497,689
1,430,533

Lockheed Martin Announces Successful First Flight of F-16 Block 70 Aircraft

2:31 pm ET January 24, 2023 (PR Newswire) Print

Lockheed Martin [NYSE: LMT] today announced the successful first flight of the F-16 Block 70 at its Greenville, South Carolina site.

https://mma.prnewswire.com/media/1989233/G23_00311FirstF_16Block70FirstFlightDAG002clean.jpg

The flight occurred Jan. 24 at 9:17 a.m. ET, with Lockheed Martin test pilots Dwayne "Pro" Opella and Monessa "Siren" Balzhiser at the helm. Total flight time was approximately 50 minutes and included airworthiness checks, such as engine, flight control and fuel system checks, as well as basic aircraft handling.

"Today's successful flight is a testament of the hard work, dedication and commitment to our customers and their missions," said OJ Sanchez, vice president, Integrated Fighter Group, which includes the F-16 program. "This milestone demonstrates Lockheed Martin's commitment to advancing this program and getting this much-needed aircraft and its advanced 21st Century Security capabilities to the warfighter."

This F-16 Block 70 jet is the first of 16 jets to be delivered to Bahrain. Six countries have selected Block 70/72 aircraft. In addition to the current official backlog of 128 jets to-date to be built in Greenville, Jordan last year signed a Letter of Offer and Acceptance (LOA) for eight jets and last week signed an additional LOA for four more jets. Lockheed Martin has received a contract to begin Jordan's long-lead activities. Bulgaria has also signed an LOA for an additional eight jets for its fleet. Once these are finalized, the backlog will increase to 148.

"Lockheed Martin is fully committed to delivering quality platforms for our customers' critical missions, and I am so proud of our talented team in Greenville," said Danya Trent, F-16 Vice President and Site Lead in Greenville. "This is the culmination of significant development, design, digital engineering, supply chain and production line advances to an already proven platform that will continue to deliver decades of service in support of customers' national security."

Click here for first flight video footage.

About the F-16

The F-16 is a strategic and valuable choice for many customers around the world seeking advanced, 4th generation fighter aircraft capabilities, regional and worldwide partnerships, and affordable lifecycle costs. More than 3,000 F-16s are operating today in 25 countries. The F-16 has flown an estimated 19.5 million flight hours and at least 13 million sorties. Today's latest version, the Block 70/72, offers unparalleled capabilities and will be flown by at least five countries beginning in the mid-2020s.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow@LMNewson Twitter for the latest announcements and news across the corporation.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-announces-successful-first-flight-of-f-16-block-70-aircraft-301729644.html

SOURCE Lockheed Martin Aeronautics

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COMTEX_423219995/1005/2023-01-24T14:31:10

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