Textron Stock Price, News & Analysis

Textron Aviation has received FAA type certification for its new Cessna SkyCourier, a twin-engine, large-utility turboprop designed for cargo and passenger transport. The SkyCourier, featuring advanced manufacturing processes, is set to enter the market with launch customer FedEx Express, which has placed a fleet order for 50 aircraft with options for an additional 50. The aircraft offers low operating costs and is equipped with advanced avionics, allowing for significant cargo capacity and operational efficiency.

Textron Inc. (NYSE: TXT) has appointed Richard F. Ambrose to its Board of Directors, effective April 1, 2022. Ambrose brings over 20 years of experience from Lockheed Martin, where he managed a $12 billion enterprise with around 22,000 employees. His roles included President of Lockheed Martin Space and General Manager of various divisions. Textron's Chairman and CEO, Scott Donnelly, expressed confidence that Ambrose's expertise in the aerospace and defense sectors will be invaluable for the company.

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 April 1, 2022, to shareholders on record as of the close of business on March 11, 2022. Textron operates in multiple industries, providing innovative solutions across its brands, including Bell and Cessna.

Textron Aviation delivered its 8,000th Cessna Citation jet, a Citation Longitude, to Scotts Miracle-Gro, marking a significant milestone in the aviation industry. This delivery reinforces the Citation family’s position as the most popular line of business jets globally. With over 41 million flight hours logged, Citation jets are known for their reliability, efficiency, and comfort. The Citation series has been a leader in annual business jet deliveries for four decades, showcasing advanced technology and performance across its range of models.

Textron Aviation has announced the return of the Cessna Turbo Skylane T182T to its lineup, featuring the latest avionics and interior upgrades. The aircraft is equipped with a turbocharged engine, enhancing performance for operations at high altitudes. Orders are now being taken, with deliveries starting in early 2023. The Turbo Skylane boasts a range of 971 miles, a certified ceiling of 20,000 feet, and maximum speeds of 165 knots. Textron Aviation aims to meet customer demand for higher power and improved capabilities with this model.

Textron Aviation announced the rollout of the first production unit of the Cessna SkyCourier, a new twin-engine turboprop aircraft, at its Wichita facility. This aircraft, designed with state-of-the-art manufacturing techniques, is tailored for air freight, passenger transport, and special missions. Featuring a maximum payload of 6,000 pounds and a range of 900 nautical miles, the SkyCourier will be delivered to launch customer FedEx Express, which has ordered up to 100 units. Certification is expected in the first half of 2022, enhancing Textron's aviation portfolio.

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.