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Textron CEO Expects 2020 Aviation Deliveries To Be Down 30% To 40% - Conf Call
Textron Reports Q2 Adjusted Non-Gaap Earnings Per Share $0.13
Textron - Approved Restructuring Plan To Reduce Co’s Operating Expenses
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation. The Bell segment supplies military helicopters and support to the United States Government and to military customers outside the United States. The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. The Industrial segment designs and manufactures a range of products within three product lines: fuel systems and functional components, and specialized vehicles and equipment. The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries.
40 WESTMINSTER ST
Scott C. Donnelly
Chairman of the Board, President, Chief Executive Officer
Frank T. Connor
Chief Financial Officer, Executive Vice President
E. Robert Robert Lupone
Executive Vice President, Chief Compliance Officer, General Counsel, Secretary
Julie Gullen Duffy
Executive Vice President - Human Resources
Paul E. Gagne
Lead Independent Director
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Textron <TXT.N> expects business jet order activity to pick up in 2021 after a coronavirus-linked hit to demand, as private flights rebound and corporate America restarts capex commitments, Chief Executive Scott Donnelly said on Thursday.
Textron Inc <TXT.N> said on Thursday it would suspend the production of flight simulators at its plant in Montreal, Canada, and cut up to 1,950 jobs across several business units as the coronavirus crisis hurts demand for air travel.
Textron Inc said on Thursday it would suspend the production of commercial air transport simulators at its plant in Montreal, Canada, as the coronavirus crisis hits demand.
Textron Aviation, a unit of Textron Inc <TXT.N>, announced furloughs for most of its U.S.-based workforce on Wednesday as concerns over depressed demand due to the spreading coronavirus ripples through global aviation.
* TEXTRON INC SAYS CEO SCOTT DONNELLY'S FY 2019 TOTAL COMPENSATION WAS $18.9 MILLION VERSUS $13.95 MILLION IN FY 2018 - SEC FILING
Canada's Bombardier Inc is in talks to sell its business-jet unit to U.S. maker of Cessna jets, Textron Inc, the Wall Street Journal reported, citing people familiar with the matter.
Canada's Bombardier Inc is in talks to sell its business-jet unit to U.S. maker of Cessna jets, Textron Inc, the Wall Street Journal reported https://www.wsj.com/articles/bombardier-in-talks-to-sell-business-jet-unit-to-textron-11580835712?mod=searchresults&page=1&pos=2,...
Textron Inc <TXT.N> will increase the number of 737 MAX simulators in production, its chief executive said on Wednesday, after Boeing Co <BA.N> recommended that pilots undergo training in a simulator replicating the model before flying the grounded plane.
Textron Inc will increase the number of 737 MAX simulators in production, its chief executive said on Wednesday, after Boeing Co recommended that pilots undergo training in a simulator replicating the model before flying the grounded plane. "We are going to increase the...
At least 15 people were injured on Friday after a liquid nitrogen line exploded at a Textron Aviation plant near Wichita, Kansas, potentially setting back the launch of a new aircraft under development, county and company officials said.
Textron Inc on Monday announced a further expansion of its global parts distribution facilities as corporate planemakers eye growth in their higher-margin aftermarket service businesses.
Cessna business jets maker Textron Inc <TXT.N> said on Monday it will explore options for its unit that manufactures fuel tanks for vehicles, including a sale or a spinoff, as it focuses on its higher margin businesses.
Cessna business jets maker Textron Inc said on Monday it will explore options for its Kautex unit, a manufacturer of fuel tanks for vehicles, including a sale or a spin-off.
(This April 17 story corrects headline and first paragraph to say the certification is expected in the 'third' quarter, not the 'second')
Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the second quarter of 2019, after it was delayed for several months.
* Reaffirms full-year profit outlook (Adds analyst comment, share move)
Textron Inc on Wednesday reported a 5.7 percent fall in quarterly revenue due to the divestiture of its tools and test equipment business.
Textron Inc <TXT.N> forecast 2019 profit above analysts' estimates on Thursday, after reporting stronger-than-expected fourth-quarter results on higher demand for its Cessna business jets, sending its shares up as much as 8.7 percent.
Textron Inc <TXT.N> posted a lower-than-expected quarterly profit on Thursday due to lingering problems at its industrial products unit that houses its recently acquired Arctic Cat all-terrain vehicle business, sending its shares down 11 percent.
Textron Inc <TXT.N> is one year behind schedule on benefiting from the acquisition of all-terrain vehicles maker Arctic Cat, the company said on an earnings call on Thursday, blaming the unit's management for "unfavorable operating performance".
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