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.
E-Z-GO will provide eight customized RXV ELiTE golf cars for Capital One's The Match on July 6, 2021. The event features Phil Mickelson, Tom Brady, Bryson DeChambeau, and Aaron Rodgers, taking place at Moonlight Basin in Big Sky, Montana. Proceeds from the auction of the golf cars will support charities, including Feeding America. E-Z-GO, a Textron company, highlights its commitment to sustainable technology with the ELiTE series, which features lithium battery technology and an 8-year warranty.
Peyton Manning has joined Textron Aviation as the honorary chair for the 2022 Special Olympics Airlift, encouraging aircraft owners to participate in transporting over 4,000 athletes and coaches to Orlando, Florida. The Airlift, set for June 4-12, 2022, aims to recruit over 200 aircraft owners to donate their aircraft and services. Since its inception in 1987, the Airlift has transported nearly 10,000 athletes and coaches. Textron Aviation's support demonstrates its commitment to the Special Olympics and fostering community engagement.
Textron reported a first quarter 2021 net income of $0.75 per share, with adjusted net income at $0.70, up from $0.35 a year ago. Revenues increased due to higher volumes in Industrial and Bell, alongside solid margins. Cash flow from operations was $107 million, a significant improvement from a $393 million outflow the previous year. Textron forecasts 2021 EPS between $2.76 and $3.00, raising its outlook by $0.10. Segment performances show a mixed bag, with Textron Aviation reporting lower revenues but improved profits, while Bell faced challenges with military revenues.
The Board of Directors of Textron declared a quarterly dividend of $0.02 per share on its Common Stock. This dividend will be paid on July 1, 2021, to shareholders on record as of the close of business on June 11, 2021. Textron operates across multiple industries, leveraging its global network to deliver innovative solutions through renowned brands such as Bell, Cessna, and Beechcraft.
Wheels Up has partnered with Bell Textron (NYSE: TXT) to innovate in vertical take-off and landing (VTOL) solutions for intra-urban travel. The initiative aims to enhance convenience and reduce congestion, while also exploring ways to lessen environmental impact. High-demand markets are being evaluated with a service launch expected in 2021. This collaboration leverages Bell's extensive experience in aircraft manufacturing and introduces VTOL as an additional travel option for Wheels Up and Delta Air Lines customers.
Textron Inc. (NYSE: TXT) is set to release its first quarter 2021 financial results on April 29, 2021. A conference call will be held at 8:00 a.m. Eastern to discuss the results and company outlook, with a webcast available at www.textron.com. The call can also be accessed by phone at (844) 721-7241 in the U.S. or (409) 207-6955 internationally, using Access Code 4252363. A recorded playback will be available from 11:00 a.m. Eastern the same day by dialing (402) 970-0847 with Access Code 9928221.
Textron Aviation has launched the eighth Special Olympics Airlift (SOA) to transport over 4,000 athletes and coaches to the 2022 Special Olympics USA Games in Orlando, Florida. The company aims to recruit 228 aircraft owners by February 28, 2022, to assist with the airlift, which showcases Textron's commitment to community support. Since 1987, nearly 10,000 individuals have been transported via this initiative. The event highlights the importance of aviation experiences for many athletes, some of whom may travel by air for the first time.
The Board of Directors of Textron declared a quarterly dividend of $0.02 per share on its Common Stock, strengthening commitment to shareholders. Payment will occur on April 1, 2021, for holders of record as of March 12, 2021. This dividend declaration reflects Textron's overall strategy to provide returns to investors while maintaining growth across its diverse operations in aircraft, defense, and industrial sectors.
Textron Aviation delivered nearly 560 aircraft in 2020, leading the General Aviation Manufacturers Association's annual report. The company accounted for over 25% of all general aviation deliveries, ranking as the world's third-largest jet manufacturer behind Boeing and Airbus. Notably, Textron surpassed Boeing in turbine fixed-wing deliveries, achieving 251 compared to Boeing's 210. The Cessna Citation Latitude was the most delivered midsize jet for the fifth year in a row, and the Cessna Skyhawk remained the best-selling single-engine piston aircraft.
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