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.
Textron (NYSE: TXT) reported Q4 2024 adjusted EPS of $1.34, down from $1.60 in Q4 2023. Full-year 2024 adjusted EPS was $5.48, compared to $5.59 in 2023. The company's performance was impacted by a work stoppage at Textron Aviation, though it saw strong order activity and aftermarket growth.
Key highlights include: Aviation backlog reaching $7.8 billion at year-end 2024 (up $676 million YoY), full-year share repurchases of $1.1 billion, and net cash from operating activities of $1.0 billion. For 2025, Textron forecasts revenues of approximately $14.7 billion, up from $13.7 billion in 2024, with expected adjusted EPS of $6.00 to $6.20.
Q4 deliveries included 32 jets (down from 50) and 38 commercial turboprops (down from 44). The company also announced restructuring actions, including indefinitely pausing production of powersports products, resulting in $53 million in pre-tax special charges.
Textron (NYSE: TXT) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025. The company will host a conference call at 8:00 a.m. (Eastern) to discuss the results and company outlook. Investors can access the call via webcast at www.textron.com or by phone. A recorded playback will be available from 11:00 a.m. (Eastern) on the same day.
Textron Aviation announced that its Cessna SkyCourier twin-engine turboprop has received type certification from Transport Canada Civil Aviation (TCCA), expanding its operational reach in North America's remote regions. The first SkyCourier in Canada - a freighter variant - will be delivered to Air Bravo , an Ontario-based flight service company.
The aircraft, which can be operated by a single pilot, offers maximum flexibility and low operating costs, making it suitable for air freight, passenger, and special missions. Its adaptable configuration allows for various operational activities in remote areas, supporting a significant return on investment.
Textron Aviation Defense announced the delivery of five Beechcraft T-6C Texan II Integrated Training System aircraft to the Vietnam Air Defense Air Force at Phan Thiet Airbase. This marks the first delivery of a total 12-aircraft order under a Foreign Military Sales program between the U.S. Air Force and Vietnam ADAF, contracted in August 2022. The complete fleet delivery is expected by mid-2025.
The contract includes ground support equipment, spare engines, parts, life support equipment, and technical support. Vietnam becomes the 14th nation to adopt the T-6C Texan II platform, strengthening the U.S.-Vietnam Comprehensive Strategic Partnership in the Indo-Pacific Region.
Textron Aviation announced a two-aircraft purchase agreement with AIR Marshall Islands Inc. (AMI) for its Cessna SkyCourier twin-engine turboprop. The passenger variant aircraft will support travel throughout the Marshall Islands communities. AMI, a government-owned commercial airline based in Majuro, will use the SkyCouriers to modernize its fleet and enhance regional connectivity. The aircraft features single-pilot operation capability, significant payload capacity, and adaptable configurations for various missions including air freight, passenger transport, and special missions.
Textron Aviation has delivered the first of two Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. The aircraft is equipped for aeromedical evacuation (MEDEVAC) and can perform multiple missions including troop and cargo transport, and command and control operations. The versatile King Air is designed to operate in diverse, austere, and remote locations across Peru's varied terrain. The second aircraft delivery is expected in 2025. The King Air 360CHW features cargo door equipment and heavy weight operation capabilities, making it suitable for various special mission operations including air ambulance, ISR, utility transport, and aerial survey.
TRU Simulation + Training, a Textron Inc. (NYSE: TXT) company, has achieved Level D certification from Australia's Civil Aviation Safety Authority for a Full-Flight Simulator delivered to the Royal Flying Doctor Service Queensland Section. The simulator, first of its kind in Australia, supports training for Beechcraft King Air B200 and B300 aircraft. Located in a new facility near RFDS Bundaberg base, it features Collins Aerospace's Pro Line Fusion avionics, TRU's REALFeel control loading system, and REALCue electric motion base with 60-inch-stroke actuators. The simulator includes high-definition projectors on a 200x40 degree display and supports all four King Air variants.
Textron (TXT) reported Q3 2024 earnings with EPS of $1.18 and adjusted EPS of $1.40, down from $1.49 in the prior year. The company's performance was significantly impacted by an IAM strike at Textron Aviation, which has since been resolved with a new five-year contract. Net cash from operating activities was $208 million, and the company returned $215 million to shareholders through share repurchases. Due to the strike's impact, Textron lowered its 2024 adjusted EPS guidance to $5.40-$5.60 from $6.20-$6.40, and reduced manufacturing cash flow guidance to $650-$750 million from $0.9-$1.0 billion.
Textron Inc. (NYSE:TXT) has announced significant leadership changes in its financial team. Frank T. Connor, executive vice president and chief financial officer, will retire on February 28, 2025. David Rosenberg, currently vice president of Investor Relations, will succeed Connor as CFO effective March 1, 2025. Rosenberg brings over 24 years of aviation industry experience, including serving as CFO of Textron Aviation and leading the successful merger of Beechcraft and Cessna Aircraft. Additionally, Scott Hegstrom, current vice president of Strategy and Mergers & Acquisitions, will assume the role of vice president of Investor Relations.
Textron (NYSE:TXT) has announced its quarterly dividend declaration. The company's Board of Directors has approved a dividend payment of $0.02 per share on its Common Stock. The dividend will be paid on January 1, 2025, to shareholders who are registered as holders of record at the close of business on December 13, 2024.
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