Search Results for: textron

Navy Awards Textron Subsidiary $581M Contract Modification for Helicopter, Fuel Kit Production

Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has been awarded a three-year, $581.1 million contract modification to build UH-1Y Venom and AH-1Z Viper helicopters for the U.S. Marine Corps and Pakistani military. Bell Helicopter will produce and deliver a total of 35 utility and attack helicopter units along with 21 auxiliary …

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Daryl Madden Promoted to SVP, GM at Textron Systems’ Geospatial Solutions Business

Daryl Madden, formerly vice president of advanced systems at Textron Systems, has been promoted to senior VP and general manager of the Textron (NYSE: TXT) subsidiary’s geospatial solutions business. Madden will report to Textron Systems CEO Ellen Lord and oversee the business’ strategic growth initiatives, product development and implementation of customer …

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Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff …

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Reuters: Textron Interested in Merger With Sikorsky

United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. …

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US Navy Orders Additional Landing Craft, Air Cushion Vehicles from Textron; Tom Walmsley Comments

Textron (NYSE: TXT) has received an $84, 087, 095 contract option from the U.S. Navy to build additional landing craft, air cushion vehicles. The company will produce crafts 102 and 103 at its New Orleans-based shipyard and deliver the vehicles in the fourth quarter of 2019 under the Navy’s Ship-to-Shore …

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Bill Irby: Textron Systems Unmanned Vessel to Support Naval Minesweeping

Textron‘s (NYSE: TXT) unmanned systems business will supply the U.S. Navy with its Common Unmanned Surface Vessel under a 30-month, $33.8 million contract as part of the service’s Unmanned Influence Sweep System program. The company’s Textron Systems division said Wednesday it will design, build and qualify the unmanned vessel and associated command-and-control software for …

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Textron Awarded $44M to Upgrade Joint Service Electronic Combat Systems Tester; Steve Mensh Comments

Textron (NYSE: TXT) subsidiary Textron Systems will recondition the U.S. military’s electronic combat systems tester under a four-year, $43.6 million contract. The company will update a majority of the 500 Joint Service Electronic Combat Systems Testers currently in use by military forces in the U.S. and overseas, Textron Systems said Tuesday. …

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Wayne Prender to Lead Textron’s Unmanned Systems Ground Control Tech Business

Wayne Prender, formerly program director for Textron‘s (NYSE: TXT) small/medium-endurance unmanned aircraft systems business, has been appointed ground control technologies vice president at the Textron Systems segment. The company said Tuesday the seven-year Textron veteran will be in charge of its unmanned command-and-control systems, remote video terminals and other unmanned technology offerings. Prender has …

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Textron Unit Buys Aviation Ground Support Firm TUG Technologies; Stefaan Ver Eecke Comments

Textron (NYSE: TXT) a subsidiary of E-Z-GO has purchased aviation ground support equipment manufacturer TUG Technologies Corp. from private-equity firm Jacobson Partners for an undisclosed amount. Kennesaw, Ga.-based TUG manufactures products including material handling vehicles and mobile heating and air-conditioning systems, in addition to providing aircraft ground services to commercial and …

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Textron Unveils Renamed Aircraft Simulation Business; James Takats Comments

Textron (NYSE: TXT) has changed the name of its business operations unit that delivers flight simulation technology and services to both military and industrial customers. The company’s simulation and training systems business has been renamed TRU Simulation + Training Inc., Textron announced Tuesday. “Providing solutions that depict realistic environments and …

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