TXT News and Press, Textron Inc. From 12/12/22

Summary I'm sticking with 4300 as my target by year-end. China is reopening, so higher oil, and natgas prices. Since the bulk of S&P profits is energy related is a plus. PPI is actually still in a downtrend, and I have good reason to believe that the CPI will behave differently sinc...

Textron Inc. (NYSE: TXT) announced that Thomas A. Kennedy has been elected to the company’s Board of Directors, effective January 1, 2023. Kennedy retired in June 2021 as the Executive Chairman of the Board of Directors of Raytheon Technologies, an aerospace and defense company that provid...

Textron’s ( NYSE: TXT ) Bell Textron was awarded a $1.36B hybrid contract for development of the Future Long Range Assault Aircraft weapon system. Bids were solicited via the internet with two received. Work has an estimated completion date of April 5, 2031. FY22 a...

Textron Inc ( NYSE: TXT ) opened nearly 10% up on Tuesday after the U.S. army picked the Bell V-280 Valor as its future long-range assault aircraft (FLRAA). Army wants to retire Black Hawks The U.S. army had been looking for a suitable replacement for 2,000 of its Black Hawks. Bell&#x...

Summary Textron Inc. won the FLRAA contest, unlocking massive revenue potential in the tens of billions of dollars. Textron's product for the FLRAA seems superior to the Lockheed Martin-Boeing bid. Decision likely also reflects the need for continued competition that the U.S. Army a...

The stock market was trying to bounce back on Tuesday morning from the walloping it took on Monday, but bullish investors seemed hesitant to take a big stand right out of the gate. Shortly after the market opened, most stock market indexes were down slightly, failing to claw back their losses fro...

The V-280’s unmatched combination of proven tiltrotor technology coupled with innovative digital engineering and an open architecture offers the Army outstanding operational versatility for its vertical lift fleet Textron Inc (NYSE: TXT) announced today that Bell Textron Inc., a ...

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Kautex Textron GmbH & Co., KG (Kautex) , a Textron Inc. (NYSE: TXT) company, announced it has received an Automotive Division Award from the Internationale Gesellschaft für Kunststofftechnik, SPE Central Europe for its Pentatonic battery system. The award was presented at t...

Summary Textron's Aviation business has seen a surge of orders, but the company's ability to deliver on them has been hamstrung by component (especially engine) shortages. Third quarter earnings were lackluster on a core earnings basis, with Aviation under-earning on production di...