Textron Stock Price, News & Analysis

Textron (NYSE: TXT) has announced the election of Rob Mionis to its Board of Directors, effective March 1, 2025. Mionis currently serves as President and CEO of Celestica Inc., a multinational company specializing in design, manufacturing, and supply chain solutions across aerospace, industrial, and communications sectors.

Mionis brings extensive leadership experience, having led Celestica since 2015, where he oversees operations across 40 locations globally with 27,000 employees and $9.7 billion in revenue (2024). His prior roles include Operating Partner at Pamplona Capital Management (2013-2015), CEO of StandardAero (2006-2013), and Vice President of Integrated Supply Chain at Honeywell Aerospace.

Textron (NYSE:TXT) has announced its latest quarterly dividend distribution. The company's Board of Directors has declared a quarterly dividend of $0.02 per share on Common Stock. The dividend will be paid on April 1, 2025 to shareholders who are registered as holders of record at the close of business on March 14, 2025.

Textron Aviation announced plans to expand its presence in Australia with a new service facility at Essendon Fields Airport in Melbourne. The new facility, set to begin construction in March 2025 and be operational by early 2026, will more than double the current space to over 35,000 square feet.

The expansion aims to enhance support for Cessna, Beechcraft, and Hawker customers in the APAC region, where over 1,400 aircraft are currently operating. The modernized facility will feature a central airport location, an improved parts stockroom for faster shipping, and an enhanced customer lounge.

This development follows Textron Aviation's June 2024 expansion at Jandakot airport in Perth and the addition of a parts warehouse at Essendon Fields. Additionally, Premiair Aviation Maintenance, acquired in 2020, has been rebranded as Textron Aviation Australia Pty to integrate into the company's global service network.

Collins Aerospace, an RTX business, has announced significant upgrades to its Pro Line 21™ integrated avionics systems for in-service Cessna Citation business jets. The enhancements, available from the second half of 2025, will apply to Citation CJ1+, CJ2+, CJ3, CJ4 and XLS+ fleets.

The upgraded system includes advanced features such as Controller Pilot Data Link Communications (CPDLC), ADS-B In weather information, and enhanced connectivity. Additional improvements include Privacy ICAO Address for security, direct integration with electronic flight bags, and wireless database uploads.

These upgrades can be purchased and installed through Textron Aviation or other Collins Aerospace authorized dealers, aiming to provide pilots with a more intuitive, communicative, and efficient flight deck experience.

Textron Aviation has announced its first delivery of the Cessna SkyCourier twin-engine turboprop in Canada to Air Bravo , a passenger, cargo, and air ambulance flight service company. The freighter variant will be used for cargo transport throughout Ontario, where Air Bravo operates from Thunder Bay, Sudbury, Barrie, and Meaford.

The SkyCourier, designed for single-pilot operation, offers cabin flexibility, high payload capability, and low operating costs. It's adaptable for air freight, passenger, and special missions, particularly in remote areas. Air Bravo, founded in 2001, has chosen this aircraft to support their cargo operations, citing its roomy cockpit, user-friendly avionics, and ease of operation.

Textron Aviation Defense announced that Japan has selected the Beechcraft T-6 Texan II Integrated Training System (ITS) to modernize pilot training for the Japan Air Self-Defense Force (JASDF). Japan becomes the 15th nation to adopt the T-6 Texan II, joining a global fleet of over 1,000 delivered aircraft.

The selection followed a competitive evaluation process, with contract finalization expected in 2025. The comprehensive package includes T-6 Texan II trainer aircraft, a Ground Based Training System, instructor pilot and maintainer training, and long-term logistic support. The new system will replace JASDF's existing Fuji/Subaru T-7 basic trainer aircraft.

Textron Aviation has announced its first international sale of seven Beechcraft King Air 260 military multi-engine training aircraft to SkyAlyne and KF Aerospace for the Royal Canadian Air Force's (RCAF) Future Aircrew Training (FAcT) program. The aircraft deliveries are scheduled to begin in the first half of 2028.

The King Air 260 will replace RCAF's existing fleet of Beechcraft King Air C-90B aircraft. The new aircraft will be delivered in a FAcT mission-ready configuration from Textron's Wichita, Kansas facility, featuring specialized capabilities including Night Vision Goggle compatible cockpit, TACAN, and various military-specific enhancements.

The FAcT program represents a 25-year contract between the Government of Canada and SkyAlyne, providing comprehensive pilot and aircrew training including aircraft, simulators, civilian instructors, and classroom training systems.

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.