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 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.
Textron Inc. (NYSE: TXT) is set to release its third quarter 2021 financial results on October 28, 2021. A conference call to discuss the results and outlook will take place at 8:00 a.m. (Eastern) the same day, accessible via webcast or by phone. The call will also be recorded for later playback starting at 11:00 a.m. Textron is recognized for its diverse portfolio, including renowned brands like Bell and Cessna, and operates across various sectors such as defense, industrial, and finance.
Textron Aviation has reached a significant milestone with its Beechcraft King Air 360/360ER and King Air 260 models, receiving European Aviation Safety Agency (EASA) type certification. Deliveries to customers in Europe will commence, building on the King Air's longstanding reputation in the region, where over 460 units are in operation. The King Air 360 boasts a maximum range of 3,345 km, while the King Air 260 offers 3,185 km. Both models incorporate advanced technologies for enhanced pilot support and passenger comfort.
Textron reported a strong second quarter 2021, achieving income from continuing operations of $0.81 per share, up from $0.13 per share in 2020. Cash flow from operations reached $572 million, significantly higher than last year's $245 million. The company anticipates 2021 EPS between $2.97 and $3.21, reflecting optimism in business aviation and ongoing investments in new technologies. Segment performance highlighted Textron Aviation with revenues of $1.2 billion, up $414 million year-over-year, while Industrial revenues rose to $794 million, an increase of $232 million.
The Board of Directors of Textron (NYSE:TXT) has declared a quarterly dividend of $0.02 per share on its Common Stock. The dividends will be disbursed on October 1, 2021 to shareholders on record as of the close of business on September 10, 2021.
Textron operates across various industries, utilizing its global network to deliver innovative solutions, and features well-known brands including Bell, Cessna, and E-Z-GO.
Textron Aviation announced the realignment of its turboprop lineup, introducing the single-engine Beechcraft Denali alongside the twin-engine Beechcraft King Air 260 and King Air 360/360ER. The Denali is set for its first flight later this year, boasting enhanced capabilities, a large cabin, and projected lower operating costs. Key features include a Garmin G3000 avionics suite, a range of 1,600 nautical miles, and a fuel-efficient GE Aviation Catalyst engine. The Denali's development is progressing well, with certification anticipated in 2023.