Benzinga | Oct 12, 2021 04:13PM EDT

Textron Bags Order From Thrive Aviation; Inks Joint Development Agreement With Xwing

* Textron Inc. (NYSE:TXT) subsidiary Textron Aviation received an order from Las Vegas-based private aviation charter operator Thrive Aviation for three additional Cessna Citation Longitude business jets, set to deliver beginning December 2021. Financial terms were not disclosed.

* This order will boost Thrive's fleet of Textron Aviation aircraft to 15.

* Earlier, Xwing, the pioneering company autonomy for aviation, and Textron Aviation signed a joint development agreement.

* Under this non-exclusive agreement, Xwing and Textron Aviation will begin to work together to accelerate the integration of autoflight technologies into existing and future aircraft, starting with the Cessna Grand Caravan.

* Price Action: TXT shares closed higher by 0.30% at $71.36 on Tuesday.