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) generates a steady flow of news across its aircraft, defense, industrial and finance businesses, with many announcements centered on Textron Aviation’s Cessna and Beechcraft product lines. Recent updates highlight new aircraft entering service, customer deliveries, special mission contracts and corporate developments that matter to investors, operators and aviation professionals following TXT stock.
Textron Aviation news often focuses on product milestones and certifications. Examples include the Cessna Citation M2 Gen2 and Citation CJ3 Gen2 entering service with Garmin autothrottles, and the Citation Ascend’s first customer delivery following FAA type certification. These stories describe cockpit upgrades, cabin features and performance characteristics that shape the appeal of Textron’s business jets.
Another key news theme is fleet and customer expansion. Announcements have covered the first Cessna SkyCourier delivered into Mexico to expand a cargo operator’s air freight capabilities, additional Cessna piston aircraft ordered by Civil Air Patrol to support lifesaving and community missions, and contracts such as the Beechcraft T‑6JP Texan II integrated training system for Japan’s Air Self‑Defense Force.
Textron also issues corporate and financial news, including schedules for quarterly earnings releases and conference calls, changes in segment reporting such as the realignment of Textron eAviation, and leadership transitions in segments like Textron Specialized Vehicles and Bell. Readers tracking TXT can use this page to follow how new aircraft programs, defense contracts, special missions initiatives and governance updates develop over time.
Bookmark this page for an organized view of Textron and Textron Aviation press releases, aircraft program updates, customer deliveries, military training contracts and financial disclosure news related to TXT.
Summary not available.
Textron Inc. (NYSE: TXT) has appointed Lisa Atherton as the new president and CEO of the Bell segment, effective April 28, 2023. Atherton has been a part of Textron for 16 years, previously serving as COO of Bell and holding leadership roles within Military Programs. She succeeds Mitch Snyder, who is retiring after leading Bell for over seven years.
Chairman & CEO Scott C. Donnelly praised Atherton’s leadership and team-building skills, expressing confidence in her ability to drive future growth at Bell. Under Snyder's leadership, Bell launched new technologies and expanded military and commercial programs.
Textron Inc. (NYSE: TXT) will release its first quarter 2023 financial results on April 27, 2023, at 8:00 a.m. Eastern. The company will host a conference call to discuss its results and future outlook, available via webcast or direct dial. A recorded playback will be accessible starting at 11:00 a.m. Eastern on the same day. Textron operates across multiple industries, offering solutions through renowned brands such as Bell and Cessna. For further details, visit their website.
The Board of Directors of Textron (NYSE:TXT) has declared a quarterly dividend of $0.02 per share on its Common Stock. This dividend is set to be paid on April 1, 2023, to shareholders of record as of March 10, 2023. Textron operates across multiple industries, leveraging a global network that includes brands such as Bell, Cessna, and E-Z-GO. This dividend reflects the company’s ongoing commitment to returning value to its shareholders.
Bell Textron Inc., a subsidiary of Textron Inc. (NYSE: TXT), announced the successful first flight of the Bell 505 helicopter, powered exclusively by 100% Sustainable Aviation Fuel (SAF). This achievement makes the Bell 505 the first single-engine helicopter to fly with 100% SAF. Bell partnered with Safran Helicopter Engines, Neste, GKN Aerospace, and Virent Inc. for this milestone, emphasizing its commitment to sustainability in aviation. The flight aligns with Textron's Achieve 2025 goals, aiming for a 20% reduction in greenhouse gas emissions.
Textron Aviation has secured the Multi-Engine Training System (METS) contract from Naval Air Systems Command (NAVAIR) following a competitive bidding process. The contract involves up to 64 Beechcraft King Air 260 aircraft, designated as T-54A, to modernize training for U.S. Navy, Marine Corps, and Coast Guard personnel. The initial award includes 10 aircraft, with additional options for up to 54 more. Deliveries are set between 2024 and 2026, enhancing the existing fleet of T-44C Pegasus aircraft, which have been in service since 1977. The METS platform will incorporate advanced technology, including virtual and augmented reality training tools.
Textron Aviation has announced the introduction of a gravel kit for its new twin-engine Cessna SkyCourier turboprop. This new feature allows for operations on unimproved runways worldwide, significantly enhancing the aircraft's versatility. The first deliveries of the SkyCourier with the gravel kit will commence later this month. The SkyCourier, certified by the FAA in March 2022, is designed for air freight and passenger transport with a 6,000-pound payload capacity. This kit aims to expand its use among various sectors, including government and humanitarian operations.
Kautex Textron has secured its first order for a thermoplastic composite underbody battery protection skid plate from an automotive OEM, marking its entry into the battery housing sector. The skid plate is part of Kautex's Pentatonic battery system, aimed at supporting the production of battery electric vehicles. This lightweight solution promises over a 50% weight reduction compared to steel and offers advantages like corrosion resistance, design flexibility, and enhanced serviceability. The Pentatonic system has won multiple awards and has undergone rigorous international testing to meet safety standards.
Textron reported a strong performance for Q4 2022, with EPS from continuing operations at $1.07, up from $0.93 in Q4 2021. Full-year EPS also rose to $4.01 from $3.30. The manufacturing group generated net cash of $1.5 billion for the year, with forecasts for 2023 EPS between $4.40 and $4.60. Key segments showed mixed results; Textron Aviation grew revenues to $1.6 billion, while Bell revenues declined to $816 million. Textron's backlog reached $6.4 billion in Aviation and $4.8 billion in Bell. The 2023 outlook suggests continued revenue growth and operating margin expansion.
Textron Inc. (NYSE: TXT) has appointed Lisa Atherton as the new chief operating officer of the Bell segment, taking over from her role as president & CEO of Textron Systems. Tom Hammoor will succeed Atherton as president & CEO of Textron Systems. Atherton has been with Textron since 2007, while Hammoor brings over 38 years of defense industry experience. Textron's chairman & CEO, Scott C. Donnelly, praised both leaders for their expertise and leadership as the company focuses on the U.S. Army's Future Long-Range Assault Aircraft program.