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 Inc. (NYSE: TXT) will announce its Third Quarter 2022 financial results on October 27, 2022, followed by a conference call at 8:00 a.m. Eastern to discuss the results and company outlook. The call will be available through a webcast on the Textron website and via direct dial. A recording of the call will be available from 11:00 a.m. Eastern the same day. Textron operates across industries, leveraging its global network to offer innovative solutions.
Garmin has been selected by Arctic Cat, a Textron subsidiary, to exclusively provide customized 5.5-inch Tread navigators for its 2023 Wildcat XX Black Hills Edition side-by-side vehicles. This collaboration enhances the off-road experience with Garmin's advanced trail mapping and GPS capabilities, integrated into a rugged device designed for harsh terrains. The Wildcat model features a powerful 998cc engine and specialized suspension for optimal performance, reflecting a strategic partnership aimed at delivering cutting-edge technology to users.
Kautex Textron GmbH & Co. KG has been awarded the AutomotiveINNOVATIONS Award by the Center of Automotive Management and Price Waterhouse Coopers for its innovative Allegro Premium cleaning system. This software-controlled system is designed for autonomous vehicles and ADAS, optimizing cleaning based on real-time conditions such as weather and speed. Out of approximately 400 suppliers, Kautex was recognized during a ceremony in Frankfurt. The award highlights Kautex's commitment to enhancing vehicle safety and performance through advanced cleaning solutions.
Textron reported a solid second quarter in 2022, achieving earnings of $1.00 per share, up from $0.81 in Q2 2021. The company's aviation segment saw revenue growth to $1.3 billion, driven by higher aircraft sales and aftermarket services. Despite an increase in cash flow expectations for the year to $800-$900 million, net cash from operating activities fell to $364 million from $572 million last year. Share repurchases totaled $282 million. However, the Bell segment faced a decline in revenue by $204 million due to lower military and commercial sales.
The Board of Directors of Textron Inc. (NYSE:TXT) has declared a quarterly dividend of $0.02 per share on its Common Stock. The dividend will be paid on October 1, 2022, to shareholders on record as of September 9, 2022. This marks the company's ongoing commitment to returning value to shareholders while continuing to leverage its diverse global operations across industries including aircraft, defense, and finance.
Textron Aviation Defense announced that its Beechcraft AT-6E Wolverine has achieved Military Type Certification from the United States Air Force, facilitating global sales. This multi-mission aircraft is designed for light attack and counter-insurgency operations. The certification supports foreign military sales and direct commercial sales processes, enhancing Textron’s position in the defense sector. The AT-6E's unmatched tactical flexibility and operational capabilities are set to meet a variety of military needs, following contracts from the U.S. and Thai Air Forces.
Textron Inc. (NYSE: TXT) is set to release its second quarter 2022 financial results on July 28, 2022, at 8:00 a.m. Eastern. A conference call will follow to discuss the results and outlook, accessible via webcast or by phone. The company is recognized globally for its diverse brands across various sectors including aircraft, defense, and finance. For more details, visit www.textron.com.
Textron Inc. (NYSE: TXT) reported first quarter 2022 net income of $0.88 per share, an increase from $0.75 per share in Q1 2021, highlighting a positive trend in revenues and cash generation. The company's Aviation backlog surged to $5.1 billion, up $1.0 billion year-on-year, underpinned by strong order momentum. Cash from operating activities reached $225 million, a significant rise of $118 million compared to the previous year. Textron returned $157 million to shareholders through share repurchases in the quarter.
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 disbursed on July 1, 2022, to shareholders on record as of the close of business on June 10, 2022. Known for its diverse industrial portfolio, Textron operates brands like Bell and Cessna, leveraging its global presence to offer innovative solutions across various sectors.
