Search Results for: textron

Textron-AirLand JV Orders BAE Systems Head-Up Displays for Scorpion Jet

TYSONS CORNER, VA, Feb. 1, 2017 — BAE Systems will provide its LiteHUD head-up displays to support the flight test program of the Textron (NYSE: TXT) and AirLand Enterprises joint venture’s Scorpion jet, ExecutiveBiz reported Tuesday. The display is designed with BAE’s optical waveguide technology and will work to reduce the risk …

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January 25 Market Close: GovCon Index Higher on Boeing Earnings Beat, Textron Miss Weighs

Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as the S&P …

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Textron Subsidiary Wins $475M USSOCOM Unmanned Aircraft ISR Services IDIQ

AAI, a subsidiary of Textron (NYSE: TXT),  has won a potential $475 million contract to provide unmanned aircraft system intelligence, surveillance and reconnaissance services to the U.S. Special Operations Command. The indefinite-delivery/indefinite-quantity contract has an ordering period of four and a half years and will run through July 2022, the Defense Department said Monday. USSOCOM received …

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Textron’s AAI Subsidiary Gets $207M Army Contract for Australia RQ-7B UAS Logistics Sustainment Services

AAI, a subsidiary of Textron (NYSE: TXT), has secured a potential $206.6 million foreign military sales contract with the U.S. Army to perform logistics maintenance work on Shadow RQ-7B unmanned aerial systems for Australia. The Defense Department said Monday the Army Contracting Command received one bid for the cost-plus-fixed-fee contract and obligated $3.7 …

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October 20 Market Close: GovCon Index Shows Small Decline for 2nd Straight Day, Textron Jumps as HII & Primes Weigh

Executive Mosaic’s GovCon Index closed slightly down for a second consecutive session Thursday as notable gains by Textron (NYSE: TXT) after third quarter earnings and CACI International (NYSE: CACI) were offset by declines in Huntington Ingalls Industries (NYSE: HII) and other large prime contractors. GovCon Index laggers outnumbered advancers at a 3-to-1 ratio …

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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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