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Textron To Sell Tru Simulation + Training Canada To CAE
Textron CEO Says Encouraged By New Order Flow In Aviation Unit - Conf Call
Textron Reports Q3 Earnings Per Share $0.50
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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Cessna business jet maker Textron Inc said on Wednesday it has agreed to sell a portion of its flight simulation and training business to Canada's CAE Inc for $40 million in cash.
Cessna business jet maker Textron Inc said on Wednesday it has agreed to sell a portion of its flight simulation and training business to Canada's CAE Inc for $40 million in cash. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)
Textron Inc <TXT.N> expects a profitable fourth quarter for its aviation division on revived demand for private jets, after the maker of Beechcraft and Cessna planes reported a total 48% fall in quarterly profit due to the pandemic, CEO Scott Donnelly said on Thursday.
Cessna business jets maker Textron Inc reported a 48% fall in quarterly profit as aircraft deliveries dropped during the coronavirus crisis.
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)
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