Textron Bags Order From Thrive Aviation; Inks Joint Development Agreement With Xwing

October 12, 2021 4:13 PM | 1 min read | Make a Comment

Textron Inc. TXT subsidiary Textron Aviation received an order from Las Vegas-based private aviation charter operator Thrive Aviation for three additional Cessna Citation Longitude business jets, set to deliver beginning December 2021. Financial terms were not disclosed.
This order will boost Thrive's fleet of Textron Aviation aircraft to 15.
Earlier, Xwing, the pioneering company autonomy for aviation, and Textron Aviation signed a joint development agreement.
Under this non-exclusive agreement, Xwing and Textron Aviation will begin to work together to accelerate the integration of autoflight technologies into existing and future aircraft, starting with the Cessna Grand Caravan.
Price Action: TXT shares closed higher by 0.30% at $71.36 on Tuesday.

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