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) maintains its position as a leader in aerospace systems, defense technologies, and industrial solutions through continuous innovation and strategic operations. This news hub provides investors and industry professionals with essential updates spanning all corporate divisions, including Bell helicopters, Cessna aircraft, and Textron Systems' defense platforms.
Our curated collection features official press releases, regulatory filings, and verified media coverage related to quarterly earnings, major defense contracts, aviation product certifications, and industrial sector developments. Users gain access to primary source documents alongside contextual analysis of market impacts.
Key updates include manufacturing milestones for military UAV systems, commercial aviation fleet expansions, and sustainability initiatives across Textron's industrial divisions. The repository serves as both historical archive and real-time tracking tool for TXT's multifaceted operations in 40+ countries.
Bookmark this page for structured access to Textron's corporate communications, including SEC Form 8-K disclosures about material events and Form 10-Q quarterly performance reports. Combine these official updates with third-party analysis of Textron's position in global supply chains and defense procurement programs.
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.
Textron Aviation has signed a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, including four firm orders and options for 16 more. The first delivery of the XLS Gen2 jet is anticipated in 2023, aimed at enhancing Fly Alliance's luxury private charter services. This order strengthens the existing relationship between Textron and Fly Alliance, with plans to build the fleet to 100 aircraft in the near future. The Citation XLS Gen2 offers significant upgrades and performance efficiencies, reinforcing Textron's commitment to customer-focused aircraft design.
Textron Aviation has secured a purchase agreement with flyExclusive for up to 14 additional Cessna Citation business jets, including eight Citation XLS Gen2 and up to six Citation Longitudes, with initial deliveries set for 2024 and 2025. This deal enhances flyExclusive's offerings in the fractional ownership segment, which is experiencing rapid growth. Additionally, Textron Aviation is expanding its order by five Citation CJ3+ aircraft from a previous agreement. The collaboration underscores Textron's commitment to innovative aviation solutions and robust relationships with operators.
Textron Aviation has announced a major expansion of its parts distribution operations in Wichita, Kansas, with an addition of 180,000 square feet. This move aims to enhance parts availability for Cessna, Beechcraft, and Hawker aircraft worldwide. The expansion supports inventory growth for new models and includes features like a dedicated customer lane for part drop-off and pick-up. The project will incorporate energy-efficient systems, aiming to reduce vehicle travel by 40,000 miles annually. Construction is set to begin this month, expected to be completed by the end of 2023.
Textron Aviation Defense has delivered its 1,000th Beechcraft T-6C Texan II aircraft, marking a major milestone with over 5 million flight hours logged across the global T-6 fleet. The T-6C, which serves as an advanced military training aircraft, was delivered to the Colombian Air Force. Textron's T-6 Integrated Training Systems are recognized for their efficiency, cost-effectiveness, and high manufacturing readiness, maintaining a leading position in military flight training for over two decades.
