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Textron 3Q Earnings Miss, Revenue Up 2% on Biz Jet Deliveries

Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS excluding a $0.76 benefit from settlements of Internal Revenue Service audits and the $0.27-after tax restructuring …

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Honeywell, Textron Post 2Q Earnings Beats

Honeywell International (NYSE: HON) and Textron (NYSE: TXT) both posted second quarter earnings above analyst expectations before markets opened Friday. The GovCon Index and S&P 500-listed companies were mixed on the revenue front as Honeywell’s increased 2.25 percent from the prior year period but fell short of analyst estimates, while Textron’s …

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Textron Awarded $116M to Update Army Shadow UAS Fleet; Henry Finneral Comments

A Textron (NYSE: TXT) business unit has been awarded a $116.5 million contract to update a tactical unmanned aircraft system the U.S. Army operates for intelligence, surveillance and reconnaissance missions and to relay communications.  Textron’s unmanned systems business will work to update 24 of the Army’s RQ-7B V2 Shadow TUAS and deliver that set of unmanned aircraft back …

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April 20 Market Close: Boeing Downgrade Nudges GovCon Index Down Despite Textron 1Q Earnings, Sales Beat

The GovCon Index ended its three-day gain streak Wednesday with a nominal loss of 0.008 points to 76.354 as a downgrade on Boeing‘s stock (NYSE: BA) and its subsequent decline offset gains from a first-quarter sales and earnings beat from Textron (NYSE: TXT). Providence, R.I.-based Textron climbed 4.89 percent — or $1.86 — as the GCI’s top gainer in …

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Textron 1Q Revenue, Earnings Top Street Outlook on Jet & Unmanned Deliveries

Textron (NYSE: TXT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter revenue that topped Wall Street’s expectations to snap a streak of eight straight quarters of sales below analyst outlooks. The Providence, R.I.-based defense and industrial conglomerate said first quarter revenue totaled $3.2 billion …

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Textron Gets $174M Navy Landing Craft Air Cushion Vehicle Production Contract Modification

Textron (NYSE: TXT) has been awarded a potential $174 contract modification to produce additional landing craft air cushion vehicles for the U.S. Navy. Textron will build and deliver LCAC units 104 through 108 and related technical manuals to the service branch as part of the Ship to Shore Connector program and …

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Textron Subsidiary Gets $461M Modification on Helicopter, Fuel Kit Contract with Navy

A subsidiary of Textron (NYSE: TXT) has received a three-year, $461.1 million contract modification to manufacture and deliver new batches of AH-1Z Viper and UH-1Y Venom helicopters to the U.S. Navy. Textron unit Bell Helicopter will provide 16 Vipers, 12 Venoms and 16 auxiliary fuel kits under the fixed-price-incentive contract, the Defense Department said Friday. Work will take …

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January 27 Market Close: Boeing, Booz Allen, Textron Declines Drag GovCon Index Below 70 to 3-Month Low

The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow …

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Textron Subsidiary Awarded $97M Army Shadow UAS Contract Modification

A Textron (NYSE: TXT) subsidiary has received a $97.1 million contract modification to retrofit the U.S. Army‘s Shadow unmanned aircraft system data link. Textron’s AAI Corp. will perform work in Hunt Valley, Maryland, through Oct. 31, 2018, as part of the full-rate production of the UAS’ seventh lot, the Defense Department …

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Boeing to Test KC-46 EW Threat Recognition Using Textron’s Radar Signal Simulator

TYSONS CORNER, VA, December 1, 2015 — Boeing (NYSE: BA) will use Textron‘s (NYSE: TXT) Model 527 radar signal simulator for preflight tests on the KC-46 tanker aircraft, ExecutiveBiz reported Monday. Textron said Monday Model 527 will work to check the aircraft’s electronic warfare radar warning receiver systems as part of the preflight tests …

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