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.
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.
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.