$TXT (Textron Inc.)

$TXT {{ '2015-07-28T12:09:48+0000' | timeago}} • Announcement

$TXT 2Q15 PR: Diluted earnings per share were $0.60 compared to $0.51 in 2Q14. Diluted average shares outstanding were 279,935,000 compared to 282,764,000 in 2Q14. Manufacturing cash flow before pension contributions was $106MM compared to $271MM during last year’s second quarter.

$TXT {{ '2017-07-19T11:42:57+0000' | timeago}} • Announcement

$TXT reiterated its FY17 GAAP EPS from continuing operations guidance of $2.22-2.45 or $2.40-2.60 on an adjusted basis. Textron also confirmed its net cash provided by operating activities of continuing operations of the manufacturing group guidance of $1.045-1.145Bil and manufacturing cash flow before pension contributions of $650-750MM.

$TXT {{ '2017-07-19T11:41:03+0000' | timeago}} • Announcement

$TXT posted 2Q17 income from continuing operations of $0.57 per share or $0.60 per share of adjusted income from continuing operations, compared to $0.66 per share a year ago. Revenues in the quarter were up 2.6% to $3.6Bil. Net income fell to $153MM or $0.57 per diluted share from last year's $177MM or $0.65 per share.

$CAT {{ '2017-07-18T12:38:52+0000' | timeago}} • Announcement

$CAT's BoD appointed  Cheryl H. Johnson as the Chief Human Resources Officer (CHRO) effective July 24, 2017. In this new role, Johnson will report directly to the CEO Jim Umpleby, and will be a member of company's executive office. Prior to this she was the EVP of human resources at $TXT.

$TXT {{ '2017-07-17T20:16:24+0000' | timeago}} • Announcement

$TXT named Julie Duffy as EVP, Human Resources, effective immediately. Duffy succeeds Cheryl Johnson, who has been named Chief Human Resources Officer at $CAT. Duffy will report directly to $TXT Chairman and CEO Scott Donnelly.

$TXT {{ '2017-06-28T18:56:58+0000' | timeago}} • Announcement

Bell Helicopter, a $TXT company, said that Shaanxi Helicopter Co. Ltd. has signed a purchase agreement for 100 Bell 407GXPs, with deliveries starting in 2017, in connection with the framework agreement entered into with Shaanxi in 2016. The Bell 407GXP, launched in 2015, is an upgrade to the Bell 407 product line.

$TXT {{ '2017-06-28T16:03:07+0000' | timeago}} • Announcement

$TXT appointed Lisa Atherton as president & CEO of Textron Systems. She succeeds Ellen Lord, who will be nominated by President Donald Trump as Under Secretary of Defense for Acquisition, Technology and Logistics within the Department of Defense. Atherton most recently served as EVP of Military Business at Bell Helicopter.

$TXT {{ '2017-06-14T17:07:12+0000' | timeago}} • Announcement

$TXT has been named as one of two companies selected to compete for Mid-Endurance Unmanned Aircraft Systems (MEUAS) III task orders from the US Special Operations Command (USSOCOM). The contract is 54-months long with a maximum ceiling of $475MM.

$TXT {{ '2017-06-13T17:08:32+0000' | timeago}} • Announcement

Textron Aviation, a $TXT company, rolled out the first production unit of the Cessna Citation Longitude, its latest clean-sheet design, super-midsize business jet. State-of-the-art assembly and fabrication tools and techniques bring exceptional quality and superior fit and finish to this revolutionary aircraft.

$TXT {{ '2017-06-08T15:03:16+0000' | timeago}} • Announcement

Bell Helicopter, a $TXT company, announced that its Bell 505 Jet Ranger X helicopter has been certified by the Federal Aviation Administration (FAA).

$TXT {{ '2017-06-06T18:52:01+0000' | timeago}} • Announcement

Textron Aviation, a subsidiary of $TXT, said the European Aviation Safety Agency and the Federal Aviation Administration have certified its Cessna Turbo Skyhawk JT-A, paving the way for deliveries to customers in Europe and the US.  The aircraft has exceeded the initial performance targets, including improved maximum range.

$TXT {{ '2017-06-01T12:45:08+0000' | timeago}} • Announcement

$TXT elected Deborah Lee James to its BoD, effective July 1, 2017. James recently retired as the 23rd Secretary of the United States Air Force, a position she had held since 2013. James has 30 years of homeland and national security experience in the federal government and the private sector.

$TXT {{ '2017-05-31T12:57:03+0000' | timeago}} • Announcement

$TXT unit Textron Systems Advanced Information Solutions has been selected as a prime contractor on the United States Army Responsive Strategic Sourcing for Services (RS3) contract. The RS3 contract has an expiration date of May 14, 2022 and an additional five-year operational ordering period.

$TXT {{ '2017-05-18T20:46:40+0000' | timeago}} • Announcement

Aviation training solutions provider $TXT completed the delivery of an A320 Full Flight Simulator (FFS) to Avianca Airlines, the national airline of Colombia.

$TXT {{ '2017-05-15T14:42:55+0000' | timeago}} • Announcement

Textron Systems Unmanned Systems, a business of $TXT, announced the achievement of two significant milestones in the continued maturation of its family of lightweight Cased-Telescoped (CT) Machine Guns.

$TXT {{ '2017-05-10T14:52:46+0000' | timeago}} • Announcement

Bell Helicopter, a subsidiary of $TXT, announced the delivery of a Bell 429 to Beijing Jinyu General Aviation Co. The customer's Bell 429 is outfitted for multi-mission capabilities including Helicopter Emergency Medical Services (HEMS). Beijing Jinyu accepted the delivery at Bell Helicopter's facility in Mirabel, Canada.

$TXT {{ '2017-04-26T16:19:29+0000' | timeago}} • Announcement

The BoD of $TXT declared a quarterly dividend of $0.02 per share on its Common Stock. All dividends will be paid on July 1, 2017 to shareholders of record as of June 9, 2017.

$TXT {{ '2017-04-19T13:00:14+0000' | timeago}} • Webcast

$TXT commented that on the Scorpion jet aircraft required for the Air Force program; the company could do it with one as the decision is left with the companies. $TXT currently has two flying right now and will have a third that will be flying shortly. Therefore, depending on the scheduling and operation $TXT could support it with one or two.

$TXT {{ '2017-04-19T12:42:38+0000' | timeago}} • Webcast

$TXT said that most of the negative impact of the Arctic Cat acquisition in terms of the 2017 financials is driven by solving the inventory issue. On the restructuring plan, the company added that there is no change in it other than tightening it. Mostly the restructuring will be done by end of 2017, with the bulk of it done in 3Q17.

$TXT {{ '2017-04-19T11:15:38+0000' | timeago}} • Announcement

$TXT's revenues from Textron Aviation were down 11% to $970MM in 1Q17, primarily due to lower military and commercial turboprop volumes. Bell revenues were down 14% to $697MM, as it delivered fewer commercial helicopters this quarter. In other segments, Textron Systems grew 28%; Industrial segment was up 4%; and Finance segment declined 10%.

$TXT {{ '2017-04-19T11:07:09+0000' | timeago}} • Announcement

$TXT adjusted its 2017 earnings guidance, following the closing of Arctic Cat acquisition. FY17 GAAP EPS from continuing operations is now expected in a range of $2.22-2.45, or $2.40-2.60 on an adjusted basis. $TXT estimates 2017 full-year Arctic Cat pretax acquisition and restructuring costs to be $30MM.

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