Draper To Retire As Textron Aviation CEO; Rohloff Named Successor

TXT e-Solutions Spa agreed to acquire 100% of FMA Investment Holding Srl, which manages IT infrastructure and develops applications. The deal, part of TXT's industrial plan, is expected to close by 2026. FMA reported 2025 revenue of €6.7m and adjusted EBITDA of €1.5m. TXT will pay 75% cash and 25% shares for 88% stake, with the remaining 12% subject to a call option. TXT shares closed up 2.3% at €54.00.

The U.S. Department of Defense announced arms sales to Saudi Arabia, Iraq, and Somalia, totaling $5.75 billion. Boeing and Honeywell are primary contractors. The sales include JDAM-ER munitions, AGT 1500 matoorro, and Bell 412EPX helicopters. Rising tensions in the Middle East and oil price increases are noted as factors.

The U.S. approved nearly $7 billion in foreign military sales, including a $5 billion deal with Saudi Arabia for JDAM-ER kits and bombs, and a $1 billion helicopter deal with Iraq. Boeing is involved in the production.

Textron Systems won two Navy task orders for drone ISR services, worth up to $85M total. The contracts support 7th Fleet and other U.S. forces, with services spanning five years. Textron will use its Aerosonde Mk. 4.7 VTOL drone, offering various sensing capabilities. The Navy's initiative has an estimated $819M value over five years.

Textron Aviation has appointed Brian Rohloff as its new president and CEO. Rohloff has 29 years of experience with the company, including roles in finance, manufacturing, and global customer support. He aims to maintain high operational standards and close engagement with employees and customers. Rohloff's priority is direct contact with production teams and customers to gain operational insights.

Textron Aviation CEO Ron Draper retires; Brian Rohloff to take over. Draper led product developments and faced industry challenges. EAA and Sporty's partnership enrolled 200,000 youth in free flight courses. Embraer's Phenom 300EV received triple certification.