Textron Inc.’s (TXT) business unit, Bell, secured a contract to aid the UH-1Y and AH-1Z helicopters. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of TXT’s DealValued at $13 million, the contract is expected to be completed by December 2025. Per the terms of the deal, Textron will provide program management, engineering and logistics services for upgrading and sustainment of the AH-1Z Viper and UH-1Y Venom helicopters. This contract will serve the U.S. Marine Corps ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Textron (NYSE: TXT ) is one of the names in aerospace and defense that has not performed to satisfaction. Since I marked the stock a buy in December 2022, share price development has lagged theDhierin runs the investing group The Aerospace Forum , ...

Textron Inc.’s (TXT) , business unit, Textron Aviation Defense, recently delivered five Beechcraft T-6C Texan II planes to Vietnam Air Force, marking a historic milestone. These planes will support pilot training for the Vietnam Air Defense Air Force and strengthen the United States-Vietnam partnership.This delivery comes as part of a contract for a total of 12 planes, ordered in August 2022. The remaining seven aircraft are expected to be delivered by mid-2025.What’s Favoring TXT?As nations across the glob ...

LAS VEGAS, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc., an innovative private aviation and artificial intelligence company, announced a fleet purchase agreement with Textron Aviation Inc. for the purchase of three Cessna Citation CJ4 Gen2 aircraft. With deliveries scheduled for Q2, Q3 and Q4 of 2026, the new aircraft will join the Jet.AI fleet as part of a brand-new CJ4 Gen2 fractional program. Jet.AI offers fractional jet ownership for individuals and businesses seeking flexible and convenient private av ...

Textron Inc.’s (TXT) business segment, Textron Aviation, recently announced the delivery of its first multi-mission, aeromedical evacuation-equipped Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. A second King Air 360CHW is slated for delivery in 2025.What’s Favoring TXT?With global defense spending rising amid growing hostilities across the world, the investment in advanced defense products, including multi-mission aircraft, has also been increasing. These aircraft serve a nation in core-mi ...

Textron Inc.’s (TXT) business segment, Textron Aviation recently clinched a modification contract involving its T-54A aircraft. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.Details of TXT’s DealValued at $276.8 million, the contract is projected to be completed by September 2026. The latest modification enables Textron to exercise options for the production and delivery of 26 T-54A trainer aircraft. Per the terms of the deal, TXT will also provide associated aircraft and ...

For the quarter ended September 2024, Textron (TXT) reported revenue of $3.43 billion, up 2.5% over the same period last year. EPS came in at $1.40, compared to $1.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.51 billion, representing a surprise of -2.27%. The company delivered an EPS surprise of -4.11%, with the consensus EPS estimate being $1.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Textron Inc. (TXT) reported third-quarter 2024 adjusted earnings of $1.40 per share, which missed the Zacks Consensus Estimate of $1.46 by 4.1%. The bottom line also declined 6% from $1.49 per share in the year-ago quarter.The company reported GAAP earnings of $1.18 per share, down from $1.35 per share reported in the third quarter of 2023.TXT’s RevenuesTXT reported total revenues of $3.43 billion, which missed the Zacks Consensus Estimate of $3.51 billion by 2.3%. However, revenues increased 2.5% from the ...

Textron Inc. (NYSE:TXT) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants David Rosenberg - Vice President, Investor Relations Scott Donnelly - Chairman & Chief Executive Officer Frank Connor - Chief Financial Officer Conference Call Participants David Strauss - Barclays Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Peter Arment - Baird Noah Poponak - Goldman Sachs Myles Walton - Wolfe Research Seth Seifman - JPMorgan Doug Harned - Bernstein Jason Gursky - ...

Textron (TXT) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.11%. A quarter ago, it was expected that this maker of Cessna small planes and Bell helicopters would post earnings of $1.49 per share when it actually produced earnings of $1.54, delivering a surprise of 3.36%.Over the ...