Search Results for: textron

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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Textron Systems Subsidiary Lands $142M in Army Logistics, Program Mgmt Contracts

AAI, a subsidiary of Textron (NYSE: TXT) Systems, has been awarded two potential one-year contracts worth $142.5 million combined to provide performance-based logistics and program management support for the U.S. Army’s Shadow drones. The first award is an indefinite-quantity/indefinite-delivery contract worth $110 million and the second firm-fixed-price contract is worth $32.5 …

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Textron 3Q Profit Up 9%, Revenue Down 7%

Textron (NYSE: TXT) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of 63 cents per share to beat Wall Street’s expectations by 2 cents. The Providence, R.I.-based conglomerate and owner of military aircraft makers Bell Helicopter and Beechcraft posted $176 million …

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Brian Sinkiewicz Named Textron Systems SVP, Weapons & Sensors GM; Ellen Lord Comments

Brian Sinkiewicz, formerly vice president for precision weapons at Textron‘s (NYSE: TXT) systems segment, has been promoted to senior VP and general manager of weapon and sensor systems for the segment. Textron said Tuesday Sinkiewicz will also serve in the executive leadership team and report directly to Ellen Lord, president and CEO of Textron …

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