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 , ...

Core Viewpoint - Textron Inc.'s business unit, Textron Aviation Defense, has delivered five Beechcraft T-6C Texan II planes to the Vietnam Air Force, marking a significant milestone in U.S.-Vietnam defense relations. This delivery is part of a contract for a total of 12 planes, with the remaining seven expected by mid-2025 [1]. Group 1: Company Developments - The Beechcraft T-6C is recognized as a premier military flight trainer, characterized by low acquisition, operating, and sustainment costs, which facilitate rapid training of fighter pilots [3]. - The T-6C's advanced features, including an all-digital, open-architecture glass cockpit, enhance visibility for complex missions, contributing to solid order flows for Textron [4]. - A global fleet of over 1,000 Beechcraft T-6 Texan II aircraft has achieved more than 5 million flight hours across 13 nations and two NATO flight schools since 2001, indicating the aircraft's viability and demand [4]. Group 2: Industry Prospects - The military training aircraft market is projected to grow from $2.76 billion in 2024 to $4.78 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.6%, driven by technological advancements, rising defense budgets, and increasing geopolitical tensions [5]. - Textron Aviation Defense is well-positioned to capitalize on this market growth, offering adaptable flight training systems, including the T-6C Texan II and the Beechcraft AT-6E Wolverine [6]. Group 3: Competitive Landscape - CAE Inc. provides comprehensive training systems across various military aircraft platforms and has a long-term earnings growth rate of 15.9% [8]. - Boeing Company delivers mission-ready training solutions and has a long-term earnings growth rate of 19.3%, with a projected year-over-year sales growth of 23.4% for 2024 [9][10]. - Lockheed Martin's TF-50 trainer jet has trained over 2,500 students, with a long-term earnings growth rate of 4.5% and a projected year-over-year sales growth of 5.4% for 2024 [11][12]. Group 4: Stock Performance - Textron's shares have increased by 2.3% over the past month, contrasting with a 1.7% decline in the industry [13].

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 ...

Core Insights - Textron Inc. reported third-quarter 2024 adjusted earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.46 by 4.1% and declining 6% from $1.49 per share in the same quarter last year [1] - Total revenues for Textron were $3.43 billion, falling short of the Zacks Consensus Estimate of $3.51 billion by 2.3%, but showing a 2.5% increase from $3.34 billion in the prior year [2] Financial Performance - GAAP earnings were reported at $1.18 per share, down from $1.35 per share in the third quarter of 2023 [1] - Cash and cash equivalents as of September 28, 2024, totaled $1.29 billion, a decrease from $2.12 billion as of December 30, 2023 [6] - Cash flow from operating activities for the first nine months of 2024 was $561 million, compared to $737 million in the same period last year [6] - Long-term debt stood at $2.88 billion as of September 28, 2024, down from $3.17 billion at the end of 2023 [6] Segment Performance - Textron Aviation revenues were nearly flat at $1.34 billion, with an operating profit of $128 million, down from $160 million year-over-year [3] - Bell segment revenues increased by 23.2% to $929 million, with profits rising 27.3% to $98 million, driven by military revenues and higher commercial volume [3] - Textron Systems revenues decreased by 2.6% to $301 million, with profits down 4.9% to $39 million [4] - Industrial segment revenues fell by 8.9% to $840 million, with profits declining to $32 million from $51 million in the prior year [4] - Textron eAviation reported revenues of $6 million, down 14.3% year-over-year, with a loss of $18 million [4] Guidance and Outlook - Textron revised its 2024 adjusted earnings per share (EPS) outlook to a range of $5.40-$5.60, down from $6.20-$6.40, due to a four-week strike affecting production and delivery [7] - The company also lowered its manufacturing cash flow guidance to $0.65-$0.75 billion from a previous estimate of $0.90-$1.00 billion [7] Market Position - Textron currently holds a Zacks Rank 3 (Hold) [8]

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 ...