Textron eAviation acquires Amazilia Aerospace

May 15, 2024

Wichita, KS, USA – 15 May 2024 Textron eAviation Inc., a Textron Inc. (NYSE: TXT) business segment, today announced that Textron eAviation GmbH has acquired substantially all the assets of Amazilia Aerospace GmbH, a respected developer of digital flight control, flight guidance and vehicle management systems for civil manned and unmanned aircraft.

“We’re excited to welcome Amazilia Aerospace’s talented employees and innovative technologies to the Textron eAviation team,” said Kriya Shortt, President & CEO, Textron eAviation segment. “This integration represents our continued dedication to pushing the boundaries of technology to deliver exceptional solutions for our customers.”

With this integration, Amazilia Aerospace’s skilled workforce of approximately 30 employees and facilities based in Munich, Germany joins Textron eAviation GmbH, part of the Textron eAviation business segment of Textron Inc.

“This acquisition validates the hard work and dedication of our team,” said Christoph Dörhöfer, President and Managing Director of Amazilia Aerospace. “We look forward to joining a company that’s as passionate as we are about advancing aviation technology.”

This addition strengthens Textron eAviation’s internal capabilities, supporting its focus on positively impacting the next generation of flight. The former Amazilia Aerospace team will work closely with Textron eAviation’s Pipistrel team on aircraft such as the Surveyor and Nuuva.

About Textron eAviation
Headquartered in Wichita, Kansas, Textron eAviation is focused on sustainable flying, backed by Textron’s 100 years of expertise and the restless spirit for innovation that is embodied in our Pipistrel, Cessna, Beechcraft and Bell brands.

Taking the lead in Textron’s development of sustainably powered flight, Textron eAviation is leveraging the industry-leading product design, certification, manufacturing, and aftermarket solutions from across Textron’s businesses. For more information, visit www.e-aviation.com.

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, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com.

Certain statements in this press release are forward-looking statements which may describe strategies, goals, outlooks or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. 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, including, but not limited to, difficulty or unanticipated expenses in connection with integrating the acquired business; the risk that anticipated synergies and opportunities as a result of the acquisition will not be realized; the efficacy of research and development investments to develop and certify new electric and hybrid electric aircraft products; unanticipated expenses or delays in connection with the launching of such new products; and our ability to keep pace with our competitors in the introduction of such new products.

Connect with Textron IR

David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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