ORLANDO, FL--(Marketwired - April 01, 2014) - Textron Simulation & Training Systems, a Textron Inc. (NYSE: TXT) company, today launched its new name and brand -- TRU Simulation + Training Inc., a new force in the aviation simulation and training market with a full spectrum of innovative offerings and solutions available around the globe.
TRU Simulation + Training Inc. will serve the commercial and military markets, providing the superior technical support and customer service its constituent parts were known for, backed by the power of Textron.
TRU Simulation + Training Inc. is formed out of three legacy companies -- Mechtronix Inc., located in Montreal, Quebec., and OPINICUS Corporation, located in Lutz, Fla., that were acquired by Textron late last year, and a portion of AAI Logistics & Technical Services, an operating unit of Textron Systems, based in Goose Creek, S.C. The total annual revenue for the new business is expected to exceed $100 million.
"As we continue to make good progress integrating the three legacy companies, we sought to develop a name that represents the value we can add to customers. Providing solutions that depict realistic environments and conditions that are TRUE to life -- ensuring pilots are trained properly and feel confident when they do get in the air -- was the basis for the new name," said James Takats, TRU Simulation + Training Inc. President and CEO.
"TRU Simulation + Training offers an exciting opportunity for Textron to be a major force in the rapidly growing market for providing pilot and aircrew simulation and training to both commercial and military customers," said Takats.
"I am thrilled to unveil TRU Simulation + Training, a unique company that will be able to combine Textron's truly global footprint with an adaptive and highly responsive business model to put customer needs first," he continued.
Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.
About TRU Simulation + Training
TRU Simulation + Training Inc., a Textron Inc. (NYSE: TXT) company, delivers innovative solutions to the commercial, and military markets while providing the superior technical support and customer service. Headquartered in Goose Creek, S.C., the company is known for its Air Transport Simulation, Business & Military Simulation, Mission & Maintenance Training, and Training Centers & Services. More information is available at www.TRUSimulation.com.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information visit: www.textron.com.
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