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Textron Aviation Special Missions Cessna Grand Caravans To Be Acquired; Acquisition Is The 3rd Delivery Order Under A Recently Established Indefinite Delivery, Indefinite Quantity Contract That Allows Up To $100M For The Acquisition Of Textron Aviation Aircraft Over A 5-Year Period

Author: Benzinga Newsdesk | March 13, 2024 11:02am

Textron Aviation today announced the award of a contract by the U.S. Army Contracting Command, Redstone Arsenal, AL, for two Cessna Grand Caravan EX turboprop aircraft. The aircraft will be owned and operated by the Djiboutian Air Force (DAF). This acquisition is the third delivery order under a recently established indefinite delivery, indefinite quantity (IDIQ) contract that allows up to $100 million U.S. dollars for the acquisition of Textron Aviation aircraft over a five-year period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240313335405/en/

Two Cessna Grand Caravan EX aircraft will be equipped to ensure the border sovereignty of the country of Djibouti (Photo: Business Wire)

The Cessna Grand Caravan EX is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company.

"The two special missions Cessna Grand Caravan EX aircraft will be Intelligence, Surveillance, and Reconnaissance equipped to ensure the border sovereignty of the country of Djibouti," said Bob Gibbs, vice president, Special Mission Sales for Textron Aviation. "This multiyear contract allows the U.S. Army Security Assistance Command to rapidly procure Commercial off the Shelf (COTS) aircraft and modifications from Textron Aviation for our Foreign Military Sale allies and partner nations. We are honored to assist in advancing U.S. national security and foreign policy interests by providing our solutions under the IDIQ and we look forward to further cooperation with the U.S. Army."

This order follows the recent placement of delivery orders for three Beechcraft King Air 360ER aircraft two destined for the Peruvian Naval Aviation Force (Fuerza de Aviación Naval) and one the Ecuadorian Naval Aviation (Aviación Naval Ecuatoriana). With the addition of the two Cessna Grand Caravan EX for the Djiboutian Air Force, five aircraft have been ordered under the IDIQ contract.

Posted In: TXT

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