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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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Sean Bond to Serve as HDT Global President, CEO; Sam Bartlett Comments

Sean Bond, BondNation Advisors founding partner, will join Solon, Ohio-based technology and services provider HDT Global as its new president and CEO. HDT said Thursday Bond brings more than 20 years of experience in domestic and international defense programs from his previous work with Pratt & Whitney, Bell Helicopter, BAE Systems and ISS North …

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Bell Boeing to Build 4 Osprey Tiltrotors for Japan Under $545M Navy Contract Modification

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed …

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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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Bell Helicopter Receives $170M Navy AH-1Z Chopper Contract Modification

Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has received a $170.2 million contract modification to produce and deliver additional AH-1Z aircraft to the government of Pakistan under the foreign military sales program. The company will build nine AH-1Z and nine auxiliary fuel kits under a contract with the U.S. Navy, the Defense …

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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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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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Lisa Atherton Appointed Military Business EVP at Bell Helicopter

Lisa Atherton, formerly vice president for global military business development at Bell Helicopter, has been appointed executive VP of the Fort Worth, Texas-based rotocraft manufacturer’s military business. She succeeds Mitch Snyder, who elevated to president and CEO at Bell Helicopter, and will oversee the Textron (NYSE: TXT) subsidiary’s strategic programs and business development efforts …

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Mitch Snyder Named Bell Helicopter President, CEO; Scott Donnelly Comments

Mitch Snyder, formerly executive vice president of military business at Bell Helicopter, has been named president and CEO of the Textron (NYSE: TXT) subsidiary. He will succeed John Garrison, who moved to Terex Corp. (NYSE: TEX) as president and CEO, Textron said Thursday. Snyder previously led Bell Helicopter’s government business …

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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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