Search Results for: textron

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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Textron Acquires Beechcraft for $1.4B; Scott Donnelly Comments

Textron (NYSE:TXT) has formed a new aviation segment following the acquisition of Beechcraft’s parent company Beech Holdings LLC for nearly $1.4 billion in cash. Scott Ernest, formerly president and CEO of Textron’s Cessna business, has been appointed CEO of Textron Aviation, which combines the Beechcraft and Cessna businesses, Textron said Friday. …

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Textron to Buy Beechcraft Corp. for $1.4B Cash; Scott Donnelly Comments

Textron (NYSE: TXT) has struck a deal to acquire all outstanding shares of the parent company of business and military aircraft manufacturer Beechcraft Corp. for $1.4 billion cash. Textron expects the Beech Holdings LLC purchase to close in the first half of 2014, pending regulatory approvals, and will will finance …

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