Textron eAviation
Textron eAviation includes Pipistrel, a manufacturer of light aircraft, along with other research and development initiatives related to sustainable aviation solutions. Pipistrel offers a family of light aircraft and gliders with both electric and combustion engines. Pipistrel’s Velis Electro is the world’s first, and currently only, electric aircraft to receive full type certification from the European Union Aviation Safety Agency and from the UK Civil Aviation Authority.
2023 REVENUES BY REGION
Key data
| (Dollars in millions) | 2023 | 2022 |
|---|---|---|
| Revenues | 32 | 16 |
| Segment profit(1) | (63) | (24) |
| Total assets | 287 | 278 |
| Capital expenditures | 4 | 1 |
| Depreciation and amortization | 7 | 2 |
Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP
In the second quarter of 2022, we acquired Pipistrel, a manufacturer of electrically powered aircraft and formed a new reporting segment, Textron eAviation. This segment combines the operating results of Pipistrel along with other research and development initiatives related to sustainable aviation solutions.
