Cessna SkyCourier Marks Five Years Since First Flight of Clean-Sheet Aircraft, Bringing High Payload, Versatile Mission Capability to Customers Around the World
Article content
WICHITA, Kan. — Textron Aviation today celebrated the five-year anniversary of the first flight of the versatile Cessna SkyCourier, the company's clean-sheet twin-engine, high-wing utility turboprop. This is a significant milestone for this high-performing aircraft which has become a trusted asset for operators worldwide.
Article content
Article content
The Cessna SkyCourier is designed and produced by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company.
Article content
To support growing flight activities of the SkyCourier, the company is investing in a 52,000-square-foot expansion of a production flight test hangar in Wichita, Kansas. The expansion will add an additional six hangar bays to the north side of a facility on Textron Aviation's East Wichita Campus.
Article content
'The versatility of the Cessna SkyCourier enables operators to tackle diverse mission profiles and operate in some of the most challenging environments in the world,' said Lannie O'Bannion, senior vice president, Sales & Marketing. 'With two variants of the aircraft and the optional gravel and combi conversion kits, the SkyCourier has brought innovative solutions to our customers around the globe.'
Article content
The Cessna SkyCourier prototype first took flight on May 17, 2020. Since then, it has become a reliable solution for air freight, passenger, humanitarian and other special mission needs across the world with its ability to land on unimproved runways and transport passengers and cargo simultaneously.
Article content
Recent program milestones include the first order from the Marshall Islands and first delivery to Canada. See below for additional milestones.
Article content
About the Cessna SkyCourier
The twin-engine, high-wing turboprop offers a combination of performance and lower operating costs for air freight, commuter and special mission operators.
Article content
The freighter variant is sized to handle up to three LD3 shipping containers with an impressive 6,000 pounds of payload capability. The 19-passenger variant includes crew and passenger doors for smooth boarding, as well as large cabin windows for natural light and views. Both configurations offer single-point pressure refueling to enable faster turnarounds.
Article content
The SkyCourier is powered by two wing-mounted Pratt & Whitney Canada PT6A-65SC turboprop engines and features McCauley Propeller Systems' C779 propeller, a reliable 110-inch aluminum four-blade propeller, which is full feathering with reversible pitch, designed to enhance the performance of the aircraft while hauling tremendous loads. The SkyCourier is operated with Garmin G1000 NXi avionics and has a maximum cruise speed of more than 200 ktas and a 900 nautical-mile maximum range.
Article content
About Textron Aviation
We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. For more information, visit www.txtav.com | www.defense.txtav.com | www.scorpionjet.com.
Article content
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: www.textron.com.
Article content
Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Iran-Israel Conflict Escalates: Boon for ExxonMobil's E&P Business?
The West Texas Intermediate crude price is currently nearing the $75-per-barrel benchmark, representing a significant improvement from $60.79 on May 30, thanks to the escalating tensions between Iran and Israel. This is a boon for Exxon Mobil Corporation 's XOM exploration and production (E&P) activities, as upstream operations are positively correlated with oil prices. Crude price data are as per In other words, with ExxonMobil generating the majority of its earnings from upstream operations, almost 88% in the first quarter of 2025, the rise in oil price is a positive development for its E&P business, aiding its bottom line. Delving into the large integrated energy player's upstream business, XOM has a strong footprint in the oil-rich Permian, the most prolific basin in the United States. With operations spread across the low-cost basin, the high oil price will likely generate significant cash flows for XOM. To describe XOM's strong focus on the Permian, the energy giant acquired Pioneer Natural Resources, with integration progressing well, and the company has revised its annual synergy estimates upward from $2 billion to $3 billion for the first decade. Thus, strong Permian operations amid the favorable crude pricing environment are aiding ExxonMobil. Are CVX & BP Also Gaining From High Oil Prices? Both Chevron Corporation CVX and BP plc BP generate significant earnings from their upstream operations, and hence, they benefit from higher oil prices. In the Permian, Chevron's operations cover approximately 1.8 million net acres within the sub-basins of Delaware and Midland. Being a major player in the region, CVX's breakeven costs are also low. Hence, it can generate handsome cashflow from a high crude pricing environment. In the first quarter of this year, CVX mentioned that Permian primarily aided its production volumes. BP also has a solid upstream operation, comprising a top-tier oil and gas business in attractive basins. BP is also a low-cost producer. The British energy giant claimed that it has been able to keep the cost of producing oil very low. Thus, BP is among the lowest-cost producers in the industry to capitalize on increasing oil prices. XOM's Price Performance, Valuation & Estimates Shares of XOM have gained 7.9% over the past year, outpacing the 3.7% improvement of the composite stocks belonging to the industry. From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 7.06X. This is above the broader industry average of 4.26X. The Zacks Consensus Estimate for XOM's 2025 earnings hasn't been revised over the past seven days. XOM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP): Free Stock Analysis Report Chevron Corporation (CVX): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Globe and Mail
an hour ago
- Globe and Mail
IHT Q1 HOTEL REVENUES EXCEED $2.2 MILLION; IBC MANAGEMENT OBTAINED
Phoenix, AZ, June 20, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported Hotel Revenue results surpassing $2 million once again in the First Fiscal Quarter of 2026, (February 1, 2025, to April 30, 2025), with Total Revenue of approximately $2.2 million. Consolidated Net Income before non-cash depreciation expense was $221,330 for the 2026 First Fiscal Quarter ended April 30, 2025 (February 1, 2025, through April 30, 2025). Total Consolidated Fiscal First Quarter Net Income remained positive, at $39,030. IHT hotel operations were strong in the 2025 Fiscal Year ended January 31, 2025, and are contributing to a solid start in the current 2026 Fiscal Year. Combined Hotel May Revenue for both hotels was a notable $632,584, which has led to another remarkable Hotel Revenue amount of $2,838,347 for the first four Fiscal Months of Fiscal Year 2026. These are positive signs for InnSuites, as progress continues strong, while the Travel Industry in general, flattens. InnSuites Hospitality Trust (IHT), in late 2019, made a diversification investment in new development privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation. With the continued strong demand from data centers, and added influx and popularity of electric cars, as well as growing projections for artificial intelligence, demand for electricity over the next five years is projected to approximately double. IHT holds convertible bonds and warrants that, if fully exercised, could result in IHT holding an approximately up to 15-20% or more ownership stake in UniGen. UniGen is currently concentrating on its next round of capital raising, in which IHT may participate. UniGen is a high-risk, clean, efficient, diversification investment, offering high potential investment return if and when successful. RRF LLLP, the Management Company for IHT, has recently become the Management Company for InnDependent Boutique Collection (IBC Hotels, LLC). This is another new diversification opportunity IHT may participate in further, in the future. In the process of ownership and management of branded and unbranded hotels, IHT recognized an unfulfilled need to provide hotel reservations, branding, and hotel services for global independent hotels, which at the time and still represent half the hotels in the world. In February 2014, IHT founded IBC Hotels, LLC to explore this unfulfilled opportunity, developing reservations, branding, and related hotel services doing business as 'InnDependent Boutique Collection '(IBC Hotels). Initial success in providing reservations for an IHT operated independent hotel was substantial. As this independent hotel services opportunity and the size of this potential demand was increasingly recognized in the travel industry, IBC Hotels was sold in August 2018 to a foreign hotel company planning expansion of independent hotel reservations and services internationally. The new owner added additional hotels to the reservation system, further developed, updated, and improved then-existing software, and pursued an agreement with a large international internet hotel guest source. When Covid hit in early 2020 and travel virtually briefly, but almost completely came to a standstill in March 2020, the new owner was not in a position to continue operations pausing IBC Hotels reservation services. On March 5, 2025, REF , an investment entity owned by the chairman and family of IHT majority IHT shareholder, purchased IBC Hotels, LLC, and hired RRF LLLP, the management company subsidiary of InnSuites Hospitality Trust (IHT), to manage the rebirth of IBC, to benefit from the substantial unfulfilled need worldwide for independent hotel and resort reservations, Boutique branding, and related hotel services. In the process, RRF LLLP, a 76% owned subsidiary of IHT and manager of IHT hotels, was engaged as manager of IBC obtaining a five-year option to purchase, at cost, IBC Hotels, LLC. This option is believed to provide IHT a valuable opportunity, if successful, to profit from the revitalization of InnDependent Boutique Collection (IBC Hotels). IHT management believes that due to real estate held on the books of IHT at book values believed to be significantly below current market value and due to the high clean energy and IBC diversification profit potential ahead, the IHT future looks bright. IHT's strong hotel operating results are reflected in three of the four most recent Fiscal Years profitable, even after accounting for substantial non-cash depreciation expense. Fiscal Year 2026 extended IHT's uninterrupted, continuous annual dividends to 55 years, since initial NYSE listing in 1971. Semi-annual dividends were paid February 5, 2025, and are anticipated for August 4, 2025. The IHT Annual Shareholder Meeting has been announced, and will be held at the IHT Phoenix Corporate Office, on August 14, 2025, at 1 PM. For more information, visit and Forward-Looking Statements With the exception of historical information, matters discussed in this news release may include 'forward-looking statements' within the meaning of the federal securities laws. All statements regarding IHT's review and exploration of potential strategic, operational, and structural alternative diversification investments, and expected associated costs and benefits are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause IHT's actual results and future actions to differ materially from those described in forward-looking statements include economic effects of tariffs, the uncertain outcome, impact, effects and results of IHT's success in finding qualified purchasers for its hospitality real estate, or a reverse merger partner, the success of additional financing and timing of the UniGen clean energy, IBC, and other potential diversification innovations, the continuation of semi-annual dividends in the year(s) ahead, collections of receivables, and other risks discussed in IHT's SEC filings. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law. FOR FURTHER INFORMATION: Marc Berg, Executive Vice President 602-944-1500 email: mberg@ INNSUITES HOTEL CENTRE 1730 E. NORTHERN AVENUE, #122 Phoenix, Arizona 85020 Phone: 602-944-1500
Globe and Mail
an hour ago
- Globe and Mail
Indoor Location Market Future Growth, Latest Technologies, Business Scenario, Key Segments and Forecast to 2029
"Zebra Technologies (US), Cisco (US), Google (US), Microsoft (US), HPE (US), Apple (US), Esri (US), Acuity Brands (US), Inpixon (US), HERE Technologies (US), HID Global (US), CenTrak (US), Sonitor (Norway), Ubisense (UK), infsoft (Germany), Polaris Wireless (US), Quuppa (Finland)." Indoor Location Market Size, Share, Growth Analysis, By Offering (Hardware, Solutions, Services), Technology (BLE, UWB, Wi-Fi), Application, Vertical (Retail, Healthcare & Pharmaceuticals, Manufacturing) and Region - Global Forecast to 2029 The indoor location market is anticipated to expand at a compound annual growth rate (CAGR) of 21.4% from USD 11.9 billion in 2024 to USD 31.4 billion by 2029. The growing number of apps that use BLE tags and beacons is expected to increase the demand for indoor location solutions. the growing market for indoor positioning systems, which includes navigation and asset monitoring services, as well as the availability of more mobile devices. Healthcare institutions are using indoor location solutions for staff and patient asset tracking and monitoring, which improves care quality and facility efficiency. Download PDF Brochure@ Based on offerings, the hardware segment holds the largest market size during the forecast period. Beacons, sensors, tags, gateways, fixed readers, and Wi-Fi access points are all included in the hardware sector. In location, vendors have developed hardware in response to growing customer demand for BLE, sensors, and Wi-Fi technologies to pinpoint their location within a building. Various retail stores integrate beacons and Wi-Fi with in-store signage system that gives customers the remote control to decide what product information or details they want to see. Beacons can also be used with server-based applications. For instance, they enable the tracking and evacuating people and items in big industrial buildings, the analysis of itineraries, security applications (access control, theft protection, dead man's handle), and workplace administration. Based on technology, ultra-wideband is projected to register the highest CAGR during the forecast period. The term "UWB" refers to a baseband, carrier-free, impulse technology that sends out very short pulses with a low power spectral density. Its access range spans from 10.6 GHz to 3.1 GHz. This excessive bandwidth provides information rates for the conversion of data for decision-making. UWB positioning is useful where the position of objects in buildings must be determined with high precision. This technology can implement both server-based (asset tracking) and client-based (indoor navigation) applications. UWB has very high sampling rates, which greatly reduces latency. Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period. Asia Pacific has seen a rapid and sophisticated uptake of new technology. The Asia Pacific indoor location market is expanding due to the region's growing population and rising infrastructure. The expansion of indoor location solutions in the region is driven by the sharp increase in technology use across verticals to improve the experience of consumers and visitors. Rising startups and their need for location-tracking solutions and government initiatives toward smart city technologies are driving the market's growth. Request Sample Pages@ Unique Features in the Indoor Location Market Indoor location systems leverage advanced technologies such as Bluetooth Low Energy (BLE) beacons, Wi-Fi RTT (Round Trip Time), ultra-wideband (UWB), and magnetic positioning to deliver sub-meter level accuracy. Unlike GPS, which struggles indoors, these technologies enable precise tracking of assets, people, and equipment within enclosed spaces like airports, shopping malls, and factories. The market is witnessing significant adoption of real-time location services to enhance operational efficiency and safety. RTLS enables businesses to monitor movements, prevent asset loss, and optimize workflows by providing live updates on indoor positioning, particularly beneficial in manufacturing, logistics, and healthcare sectors. Indoor location solutions are increasingly integrated with IoT devices and AI algorithms to enable smart automation. AI-powered analytics combined with sensor data help in behavior analysis, predictive maintenance, and energy optimization within smart buildings, giving enterprises actionable insights from location data. Retailers and event organizers use indoor positioning to deliver hyper-personalized experiences through context-aware notifications, wayfinding, and proximity marketing. These features improve customer engagement and satisfaction by offering tailored content based on user location and preferences. The market is characterized by sophisticated indoor mapping and navigation tools that provide intuitive, turn-by-turn guidance within complex indoor environments. These tools enhance user experience in large venues such as hospitals, campuses, or airports where traditional maps fall short. Major Highlights of the Indoor Location Market The indoor location market is experiencing rapid expansion, driven by increasing demand across sectors like retail, healthcare, manufacturing, logistics, and smart buildings. Organizations are adopting indoor positioning solutions to enhance operational visibility, asset tracking, and customer experiences. The growth of smart infrastructure globally is a major catalyst. Indoor location technologies are playing a pivotal role in enabling intelligent space utilization, energy efficiency, and occupant safety in smart buildings and urban environments, contributing significantly to market expansion. Breakthroughs in Bluetooth 5.1, Wi-Fi RTT, UWB, and AI-based sensor fusion are elevating the accuracy and scalability of indoor positioning systems. These innovations are making indoor tracking more cost-effective, reliable, and scalable for both small-scale deployments and enterprise-level integrations. Retailers and event managers are increasingly deploying indoor navigation to improve customer engagement and revenue. Solutions like digital wayfinding, proximity marketing, and heatmap analytics are enhancing foot traffic insights and optimizing layout and resource allocation. Inquire Before Buying@ Top Companies in the Indoor Location Market The major vendors covered in the indoor location market include Zebra Technologies (US), Cisco (US), Google (US), Microsoft (US), HPE (US), Apple (US), Esri (US), Acuity Brands (US), Inpixon (US), HERE Technologies (US), HID Global (US), CenTrak (US), Sonitor (Norway), Ubisense (UK), infsoft (Germany), Polaris Wireless (US), Quuppa (Finland), Securitas Healthcare (US), Navigine (US), Blueiot (China), (US), AiRISTA (US), InnerSpace (Canada), Syook (India), Oriient (Israel), Navenio (England), Situm (Spain), Pozyx (Belgium), Azitek (Portugal), and Mapxus (China). Zebra Technologies (US): Market Share: A significant player with a strong market presence, particularly in asset tracking and industrial applications. (Exact market share data varies by research source) Key Offerings: Zebra offers a comprehensive suite of indoor location solutions using RFID, Wi-Fi, and BLE technologies. Their solutions focus on real-time asset tracking, personnel location, and data collection for industries like manufacturing, healthcare, and retail. Cisco (US): Market Share: Holds a respectable market share, leveraging its existing network infrastructure for location services. (Exact market share data varies by research source) Key Offerings: Cisco Meraki access points and Catalyst switches provide real-time asset tracking and location-based services. This makes them a strong choice for businesses already invested in Cisco's networking solutions. Google (US): Market Share: Doesn't hold a dominant market share but plays a role through smartphone technology and developer tools. (Exact market share data varies by research source) Key Offerings: Google's contributions include Android platform features that enable indoor positioning and their cloud platform offerings that can support indoor location solutions. Additionally, Google Maps plays a role in indoor navigation for some businesses. Microsoft (US): Market Share: Similar to Google, Microsoft doesn't hold a dominant share but contributes through developer tools and Azure cloud services. (Exact market share data varies by research source) Key Offerings: Microsoft Azure cloud platform can be used to develop and deploy indoor location solutions. Additionally, Windows Location APIs provide tools for developers to integrate indoor location features into their applications. HPE (US) - Aruba Networks: Market Share: Holds a mid-tier market share with strong offerings leveraging existing Wi-Fi infrastructure. (Exact market share data varies by research source) Key Offerings: Aruba, a Hewlett Packard Enterprise company, offers indoor location services that utilize existing Wi-Fi networks for asset tracking, wayfinding, and space optimization, catering to various industries. Apple (US): Market Share: Doesn't hold a dominant market share but offers unique technology with a focus on consumer devices. (Exact market share data varies by research source) Key Offerings: Apple's contribution lies in iBeacon micro-location beacons, which utilize Ultra-Wideband (UWB) technology for precise indoor location tracking. This caters to businesses seeking high-accuracy solutions for various applications.
