Textron partners on new turboprop engine, aircraft

|About: Textron Inc (TXT)|By:, SA News Editor

Textron (NYSE:TXT) is teaming up with GE Aviation to produce an all-new turboprop aircraft and engine for the general aviation market, a move expected to generate up to $1B in annual sales by around 2020.

The venture is aimed at producing a single-engine aircraft, which seats up to 12 passengers and has a target range and speed in excess of 1,500 nautical miles and 280 knots.

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