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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.
Kautex Textron, a subsidiary of Textron Inc. (NYSE: TXT), showcased its customized Pentatonic Battery System at CES 2023, part of Stellantis’ RAM Revolution exhibition. This innovative battery system, made from thermoplastic or composite metal, offers advantages such as up to 60% weight reduction and a 40% decrease in CO2 footprint. It has received numerous accolades, including the Enabler Technology Award. The recent testing of the system confirms compliance with international safety standards.
Textron Inc. (NYSE: TXT) will release its fourth quarter 2022 financial results on January 25, 2023, followed by a conference call at 8:00 a.m. Eastern to discuss the results and future outlook. Investors can access the call via webcast or by phone, with a playback option available after 11:00 a.m. Eastern on the same day. Textron operates across various industries, including aircraft and defense, and is known for its brands like Bell and Cessna. For further details, visit www.textron.com.
Textron Inc. (NYSE: TXT) announced the election of Thomas A. Kennedy to its Board of Directors, effective January 1, 2023. Kennedy, formerly the Executive Chairman of Raytheon Technologies, brings extensive leadership experience in the aerospace and defense sectors. He served as Chairman and CEO of Raytheon from 2014 to 2020 and held various roles during his 38-year tenure there. His appointment is expected to enhance Textron's strategic direction and operational capabilities.
Textron (NYSE: TXT) announced that Bell Textron has secured a contract from the U.S. Army for the Future Long-Range Assault Aircraft (FLRAA) program. The contract emphasizes the V-280 Valor tiltrotor’s proven capabilities following extensive testing over the past decade. Scott C. Donnelly, CEO of Textron, expressed commitment to delivering a transformative weapon system for Army needs. This initial contract focuses on refining design, sustainment, and flight-testing to fulfill Army operational requirements, reinforcing Bell's legacy in vertical lift solutions.
Kautex Textron, a subsidiary of Textron Inc. (NYSE: TXT), has been awarded the Automotive Division Award by SPE Central Europe for its innovative Pentatonic battery system. Recognized for its lightweight design and reduced carbon footprint, the system is a product of advanced thermoplastic composite technology. Kautex has implemented rigorous testing protocols, meeting international safety standards, and is gearing up for customer trials with the newly installed 5500-ton compression molding machine. This recognition highlights Kautex's commitment to sustainable automotive solutions.
Textron Aviation Defense has delivered the first Beechcraft T-6C Texan II Integrated Training System to the Tunisian Air Force, marking a significant milestone in military collaboration. The Foreign Military Sales (FMS) contract includes eight aircraft, logistics support, training for pilots and maintenance personnel, and spare parts. This delivery positions Tunisia as the thirteenth country to utilize the T-6, which has a proven track record with over 5 million flight hours globally. Further deliveries are planned through 2023.
Boston Materials has successfully raised
Textron Inc. (NYSE: TXT) reported third quarter 2022 EPS from continuing operations of $1.06, up from $0.82 in Q3 2021. Net cash from operating activities reached $356 million, an increase from $333 million last year. The aviation backlog grew to $6.4 billion, with a full-year EPS outlook now between $3.90 and $4.00. Manufacturing cash flow guidance is raised to $1.1 billion to $1.2 billion. Despite lower revenues in some segments, profits improved due to favorable pricing, highlighting resilient cash generation amidst supply chain challenges.
The Board of Directors of Textron (NYSE:TXT) has declared a quarterly dividend of $0.02 per share on its Common Stock. This dividend will be payable on January 1, 2023 to shareholders on record as of December 9, 2022. Textron operates globally across multiple industries including aircraft, defense, and finance, renowned for brands such as Bell and Cessna.
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