This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Scorpion ISR/Strike Twin-jet Tactical Aircraft Developed By Textron AirLand. (Photo: Business Wire)

Textron AirLand, LLC, a joint venture between Textron Inc. (NYSE: TXT) and AirLand Enterprises, LLC, today unveiled its Scorpion prototype, a versatile Intelligence, Surveillance and Reconnaissance (ISR)/Strike aircraft platform. The aircraft was introduced during a press conference at the Air Force Association Air & Space Conference and Technology Exposition in National Harbor, Maryland.

Scorpion ISR/Strike twin-jet tactical aircraft developed by Textron AirLand. (Photo: Business Wire)

Scorpion ISR/Strike twin-jet tactical aircraft developed by Textron AirLand. (Photo: Business Wire)

The demonstration aircraft is now in test phase, with first flight scheduled to occur before the end of this year—a rapid schedule by any measure of military jet development. Textron Chairman and CEO Scott Donnelly said, “We began development of the Scorpion in January 2012 with the objective to design, build and fly the world’s most affordable tactical jet aircraft capable of performing lower-threat battlefield and homeland security missions.” Donnelly continued, “We relied on commercial best practices to develop a tactical jet platform with flexibility and capabilities found only in far more costly aircraft.”

The Scorpion is designed to accommodate the increasingly stringent budget constraints of the U.S. Department of Defense and U.S. partner nations. The Scorpion’s design is well matched to the Air National Guard’s missions such as irregular warfare, border patrol, maritime surveillance, emergency relief, counter-narcotics and air defense operations. While Scorpion’s lower acquisition price is an advantage, an equally important benefit is the lower cost of operation over the aircraft’s full lifecycle. Combining ease of maintenance and globally-available commercial components, the Scorpion can significantly lower the customer’s total cost of ownership.

F. Whitten Peters, former U.S. Secretary of the Air Force, an investor in and advisor to AirLand Enterprises, LLC, commented, “With its industry-leading capabilities in commercial aircraft and defense systems design and manufacturing, Textron was a natural partner to bring the vision of an affordable tactical military jet to fruition.” He added, “In an impressively short time, the joint venture has designed and built a capable and mission-ready aircraft with no up-front government funding. We believe Scorpion will fill a critical price and performance gap in the tactical military aircraft market.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs