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 reported a fourth quarter EPS from continuing operations of $0.93 and an adjusted EPS of $0.94, down from $1.06 in Q4 2020. The full year EPS was $3.30, up from $2.07 in 2020. Net cash from operating activities for 2021 reached $1.5 billion. The company expects 2022 revenues around $13.3 billion and an EPS forecast of $3.80 to $4.00. Textron's backlog at the end of Q4 was $4.1 billion in Aviation, with share repurchases totaling $921 million for the year.
Textron Inc. (NYSE: TXT) has appointed Shannon Hines as senior vice president for Government Affairs & Washington Operations, effective February 22. Hines brings extensive legislative experience, having served as Republican staff director for the Senate Appropriations Committee. She will lead Textron's government affairs, engaging with federal agencies and industry associations. Hines is expected to advance Textron's military programs, leveraging her strong relationships in Washington. This strategic appointment aims to bolster Textron's advocacy efforts.
Rollick and E-Z-GO, a Textron Specialized Vehicles business, announce a partnership to enhance online purchasing experiences for consumers interested in E-Z-GO vehicles. Utilizing Rollick's digital engagement module, customers can now complete transactions online, view available incentives, prequalify for financing, and reserve units. This initiative responds to shifting consumer preferences as 65% of different generations increasingly rely on technology for shopping. E-Z-GO aims to provide a seamless, personalized online shopping experience, in line with current digital engagement trends.
Textron Inc. (NYSE: TXT) is set to release its fourth quarter 2021 financial results on January 27, 2022. This announcement coincides with the conclusion of its fiscal year on January 1, 2022. Following the results, Textron will host a conference call at 8:00 a.m. Eastern to discuss its financial outcomes and future outlook. Interested parties can join via webcast or by phone. A recorded playback will be available post-call starting at 11:00 a.m. Eastern.
Textron Aviation announced the successful first flight of its new single-engine turboprop, the Beechcraft Denali, from Eisenhower International Airport in Wichita. Piloted by senior test pilots, the flight lasted 2 hours and 50 minutes, reaching an altitude of 15,600 feet and speeds of 180 knots. The Denali aims for certification in 2023 and is powered by GE Aviation's Catalyst engine, which is 20% more fuel-efficient than older models. The aircraft features class-leading cabin space and advanced avionics, marking a significant milestone for Textron and its aviation segment.
Textron Aviation Defense has secured a $143 million contract with the Royal Thai Air Force for eight Beechcraft AT-6 Wolverine aircraft and related equipment, marking Thailand as the first international customer for this U.S. light attack aircraft. The contract supports the Royal Thai Air Force's modernization efforts and aims to enhance capabilities in border security and anti-smuggling operations. Training for RTAF personnel is set to begin in 2023 and 2024, with the aircraft joining the fleet in 2024.
Textron reported Q3 2021 income from continuing operations of $0.82 per share, with adjusted EPS at $0.85, up from $0.53 in Q3 2020. The aviation backlog increased to $3.5 billion, reflecting strong market recovery. Cash flow from operating activities totaled $333 million, while share repurchases reached $299 million this quarter. The full-year adjusted EPS outlook was raised to $3.20-$3.30, and cash flow guidance increased to $1-$1.1 billion. Textron Aviation's revenues grew 49%, with 49 jets delivered. However, Bell and Industrial segments reported declines.
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 paid on January 1, 2022 to shareholders on record as of the close of business on December 10, 2021.
Textron, a multi-industry company, operates globally across aircraft, defense, industrial, and finance sectors, delivering innovative solutions through renowned brands such as Bell, Cessna, and Jacobsen.
During the NBAA-BACE event in Las Vegas, Textron Aviation announced that Thrive Aviation has ordered three additional Cessna Citation Longitude jets, expanding their fleet to 15 aircraft. Deliveries are set to start in December 2021. The Citation Longitude is noted for its low operating costs and high performance, with a range of 3,500 nautical miles and advanced cabin technology. Thrive Aviation's CEO expressed confidence in meeting growing demand in the private aviation sector, highlighting a successful collaboration with Textron Aviation.
Textron Aviation has announced the launch of the next generation Cessna Citation M2 Gen2 and Citation XLS Gen2 business jets, enhancing comfort and productivity for passengers and pilots. Unveiled at the NBAA-BACE, these aircraft incorporate advanced technology and design features influenced by customer feedback. Orders are now open, with deliveries expected in early to mid-2022. The M2 Gen2 boasts improved cabin amenities and productivity tech, while the XLS Gen2 focuses on passenger comfort with modern design and a state-of-the-art cabin management system.
