Welcome to our dedicated page for Textron news (Ticker: TXT), a resource for investors and traders seeking the latest updates and insights on Textron stock.
Textron Inc. (NYSE: TXT) is a multi-industry company leveraging its global network across various sectors, including aircraft, defense, industrial, and finance businesses, to provide innovative solutions and services. Known globally for its powerful brands, Textron encompasses names such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.
Textron designs, manufactures, and services an array of specialty aircraft, including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment is renowned for producing and servicing Cessna and Beechcraft planes. Additionally, Bell Helicopter serves both commercial and military customers with its sophisticated helicopters and tilt-rotor aircraft.
In the defense sector, Textron Systems stands out for its production of uncrewed aircraft and armored vehicles, catering primarily to the military market. The company also excels in aircraft simulators and training for both commercial and military purposes. Furthermore, the industrial segment, featuring the Kautex business, manufactures plastic fuel tanks for conventional and hybrid motor vehicles, alongside subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.
One of Textron's most notable recent developments involves a collaboration with Kodiak Robotics, Inc., a leading self-driving technology developer. Together, they aim to create an autonomous military ground vehicle specifically designed for driverless operations. By integrating Kodiak's advanced autonomous system, the Kodiak Driver, into Textron Systems' uncrewed military vehicle prototype, this partnership signifies a major advancement in autonomous technology for military applications.
Textron Systems boasts over three decades of expertise in developing uncrewed land, air, and sea systems, making significant contributions to various military programs. This partnership with Kodiak is expected to bring cutting-edge AI-powered, autonomous technologies to military customers worldwide, enhancing the functionality, adaptability, and reliability of their technologies.
Textron's dedication to innovation and excellence is further evidenced by its continuous efforts in research and development, aiming to stay ahead in introducing new products and enhancing existing ones. The company's commitment to providing advanced solutions to support defense, aerospace, and other customer missions underscores its position as a leader in multiple industries.
For more detailed information and career opportunities, visit Textron's official website.
Textron Aviation has announced its first delivery of the Cessna SkyCourier twin-engine turboprop in Canada to Air Bravo , a passenger, cargo, and air ambulance flight service company. The freighter variant will be used for cargo transport throughout Ontario, where Air Bravo operates from Thunder Bay, Sudbury, Barrie, and Meaford.
The SkyCourier, designed for single-pilot operation, offers cabin flexibility, high payload capability, and low operating costs. It's adaptable for air freight, passenger, and special missions, particularly in remote areas. Air Bravo, founded in 2001, has chosen this aircraft to support their cargo operations, citing its roomy cockpit, user-friendly avionics, and ease of operation.
Textron Aviation Defense announced that Japan has selected the Beechcraft T-6 Texan II Integrated Training System (ITS) to modernize pilot training for the Japan Air Self-Defense Force (JASDF). Japan becomes the 15th nation to adopt the T-6 Texan II, joining a global fleet of over 1,000 delivered aircraft.
The selection followed a competitive evaluation process, with contract finalization expected in 2025. The comprehensive package includes T-6 Texan II trainer aircraft, a Ground Based Training System, instructor pilot and maintainer training, and long-term logistic support. The new system will replace JASDF's existing Fuji/Subaru T-7 basic trainer aircraft.
Textron Aviation has announced its first international sale of seven Beechcraft King Air 260 military multi-engine training aircraft to SkyAlyne and KF Aerospace for the Royal Canadian Air Force's (RCAF) Future Aircrew Training (FAcT) program. The aircraft deliveries are scheduled to begin in the first half of 2028.
The King Air 260 will replace RCAF's existing fleet of Beechcraft King Air C-90B aircraft. The new aircraft will be delivered in a FAcT mission-ready configuration from Textron's Wichita, Kansas facility, featuring specialized capabilities including Night Vision Goggle compatible cockpit, TACAN, and various military-specific enhancements.
The FAcT program represents a 25-year contract between the Government of Canada and SkyAlyne, providing comprehensive pilot and aircrew training including aircraft, simulators, civilian instructors, and classroom training systems.
Textron (NYSE: TXT) reported Q4 2024 adjusted EPS of $1.34, down from $1.60 in Q4 2023. Full-year 2024 adjusted EPS was $5.48, compared to $5.59 in 2023. The company's performance was impacted by a work stoppage at Textron Aviation, though it saw strong order activity and aftermarket growth.
Key highlights include: Aviation backlog reaching $7.8 billion at year-end 2024 (up $676 million YoY), full-year share repurchases of $1.1 billion, and net cash from operating activities of $1.0 billion. For 2025, Textron forecasts revenues of approximately $14.7 billion, up from $13.7 billion in 2024, with expected adjusted EPS of $6.00 to $6.20.
Q4 deliveries included 32 jets (down from 50) and 38 commercial turboprops (down from 44). The company also announced restructuring actions, including indefinitely pausing production of powersports products, resulting in $53 million in pre-tax special charges.
Textron (NYSE: TXT) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025. The company will host a conference call at 8:00 a.m. (Eastern) to discuss the results and company outlook. Investors can access the call via webcast at www.textron.com or by phone. A recorded playback will be available from 11:00 a.m. (Eastern) on the same day.
Textron Aviation announced that its Cessna SkyCourier twin-engine turboprop has received type certification from Transport Canada Civil Aviation (TCCA), expanding its operational reach in North America's remote regions. The first SkyCourier in Canada - a freighter variant - will be delivered to Air Bravo , an Ontario-based flight service company.
The aircraft, which can be operated by a single pilot, offers maximum flexibility and low operating costs, making it suitable for air freight, passenger, and special missions. Its adaptable configuration allows for various operational activities in remote areas, supporting a significant return on investment.
Textron Aviation Defense announced the delivery of five Beechcraft T-6C Texan II Integrated Training System aircraft to the Vietnam Air Defense Air Force at Phan Thiet Airbase. This marks the first delivery of a total 12-aircraft order under a Foreign Military Sales program between the U.S. Air Force and Vietnam ADAF, contracted in August 2022. The complete fleet delivery is expected by mid-2025.
The contract includes ground support equipment, spare engines, parts, life support equipment, and technical support. Vietnam becomes the 14th nation to adopt the T-6C Texan II platform, strengthening the U.S.-Vietnam Comprehensive Strategic Partnership in the Indo-Pacific Region.
Textron Aviation announced a two-aircraft purchase agreement with AIR Marshall Islands Inc. (AMI) for its Cessna SkyCourier twin-engine turboprop. The passenger variant aircraft will support travel throughout the Marshall Islands communities. AMI, a government-owned commercial airline based in Majuro, will use the SkyCouriers to modernize its fleet and enhance regional connectivity. The aircraft features single-pilot operation capability, significant payload capacity, and adaptable configurations for various missions including air freight, passenger transport, and special missions.
Textron Aviation has delivered the first of two Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. The aircraft is equipped for aeromedical evacuation (MEDEVAC) and can perform multiple missions including troop and cargo transport, and command and control operations. The versatile King Air is designed to operate in diverse, austere, and remote locations across Peru's varied terrain. The second aircraft delivery is expected in 2025. The King Air 360CHW features cargo door equipment and heavy weight operation capabilities, making it suitable for various special mission operations including air ambulance, ISR, utility transport, and aerial survey.
TRU Simulation + Training, a Textron Inc. (NYSE: TXT) company, has achieved Level D certification from Australia's Civil Aviation Safety Authority for a Full-Flight Simulator delivered to the Royal Flying Doctor Service Queensland Section. The simulator, first of its kind in Australia, supports training for Beechcraft King Air B200 and B300 aircraft. Located in a new facility near RFDS Bundaberg base, it features Collins Aerospace's Pro Line Fusion avionics, TRU's REALFeel control loading system, and REALCue electric motion base with 60-inch-stroke actuators. The simulator includes high-definition projectors on a 200x40 degree display and supports all four King Air variants.
FAQ
What is the current stock price of Textron (TXT)?
What is the market cap of Textron (TXT)?
What are Textron Inc.'s main business segments?
What are some of the brands under Textron Inc.?
What types of aircraft does Textron manufacture?
Who are Textron's main customers?
What is the significance of Textron's collaboration with Kodiak Robotics?
How long has Textron Systems been involved in uncrewed vehicle development?
Where can I find more information about Textron's career opportunities?
Does Textron offer training and simulation services?
What is Kautex's role within Textron?
How does Textron contribute to national security?
