Textron Inc. (TXT) Aviation Announces Fleet Order for Cessna Citation Business Jets From Mexico’s ALE

On May 21, Textron Aviation, a wholly-owned subsidiary of Textron Inc. (NYSE:TXT), announced entering into a purchase agreement for up to 12 Cessna Citation business jets with Mexico’s leading business aviation company, Aerolíneas Ejecutivas (ALE).

The jets will include a mix of Citation CJ3 Gen2, Citation CJ3 Gen3, and Cessna Citation Latitude aircraft. ALE will operate these in its fractional ownership division, MexJet. According to Textron Inc. (NYSE:TXT)’s press release shared on Wednesday, two Citation Latitude and two Citation CJ3 Gen2 aircraft are expected to be delivered in 2026.

Marcelo Moreira, Textron Inc. (NYSE:TXT) Aviation’s Vice President of Sales, Latin America, stated the following on the agreement:

“Cessna Citation business jets are ideal for fractional customers seeking class-leading comfort and performance. We appreciate customers like ALE, who recognize the benefits of flying a diverse fleet of Citation jets. The operating economics of Citations, along with Textron Aviation’s extensive service and support network, ensures continuous productivity and enjoyment throughout the ownership experience.”

Aerolíneas Ejecutivas is a long-time Citation operator, with Citation Latitude and Citation CJ3+ jets already in its fleet. The latest order is expected to further consolidate the company's position as the leading business aviation company in Mexico.

Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries by leveraging its network of aircraft, defense, finance, and industrial businesses. The stock has gained nearly 14% over the past month, driven mainly by Q1 FY25 results that topped estimates for both revenue and earnings.

On May 20, Textron Inc. (NYSE:TXT)’s subsidiary, Bell, demonstrated an FLRAA virtual prototype to the U.S. Army. You can read more about the story here.

While we acknowledge the potential of TXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TXT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 11 Best American Defense Stocks to Buy Now.

Disclosure: None.