Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as offers maintenance, inspection, and repair services. Its Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, unmanned surface systems, mission command hardware and solutions, and customer support and logistics services; simulation, training, and other defense and aviation mission support products and services; airborne and ground-based sensors and surveillance systems, and protection systems; precision guided weapons systems; marine craft, armored vehicles, and specialty vehicles used for fire and rescue applications; test equipment, electronic warfare test, and training and intelligence software solutions; and piston aircraft engines, as well as designs, develops, manufactures, installs, and maintains full flight simulators. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile OEMs; and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The company's Finance segment provides financing to purchase new and pre-owned aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
IPO Year:
Exchange: NYSE
Website: textron.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/24/2025 | $110.00 → $85.00 | Buy → Neutral | BofA Securities |
| 1/6/2025 | $91.00 | Hold → Buy | Vertical Research |
| 9/25/2024 | $103.00 → $95.00 | Buy → Hold | TD Cowen |
| 8/8/2024 | $95.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/8/2024 | $85.00 → $105.00 | Neutral → Buy | BofA Securities |
| 10/11/2023 | $73.00 | Sell | UBS |
| 7/6/2023 | $90.00 | Buy | Citigroup |
| 5/24/2023 | $70.00 | Buy → Hold | Vertical Research |
| 4/6/2023 | Peer Perform | Wolfe Research | |
| 9/13/2022 | Mkt Perform | Bernstein |
Textron Aviation today announced a new ProAdvantage program, SustainableAdvantage℠, to provide owners with an additional option for reducing their carbon dioxide emissions from operating aircraft. In collaboration with 4AIR, the program is set to launch in January 2024 and is available to eligible customers who own and operate Cessna, Beechcraft and Hawker turbine aircraft worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211958990/en/Beechcraft King Air Sustainability (Photo: Business Wire) Beechcraft, Cessna and Hawker customers receive factory-direct support, maintenance and modifications by Textron Aviation Inc.,
DALLAS, Dec. 8, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) has named Lisa Atherton as a candidate to join the Board. Atherton, along with other Board nominees, will be on the ballot at the Company's Annual Meeting of Shareholders on May 15, 2024. Atherton is the President and Chief Executive Officer of Bell, a Textron Inc. (NYSE:TXT) company, and a member of Textron's Executive Leadership Team. She oversees a multibillion-dollar business that provides innovative products for defense and commercial customers across the globe. Prior to assuming her role as President and Chief Executive Officer, Atherton served as the Chief Operating Officer of Bell. In 20
Former Commanding General of U.S. Army Forces Command, Currently a Textron Director Waltham, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printers, today announced that 4-Star General (Ret.) Michael X. Garrett has been appointed as a member of its Board of Directors, effective as of October 15th, 2023. General Garrett is a retired United States Army four-star general with nearly 40 years of service, most recently serving as Commanding General, United States Army Forces Command ("FORSCOM"), th
Textron Inc. (NYSE:TXT) today announced the appointment of Shannon Hines as senior vice president, Government Affairs & Washington Operations, effective February 22. Hines will lead Textron's government affairs activities, engaging with the legislative and executive branches, federal agencies, including the Department of Defense, and industry associations. She will report directly to Textron Chairman and CEO Scott C. Donnelly. Hines joins Textron following a career on Capitol Hill where she was most recently Republican staff director for the Senate Appropriations Committee. In this role, she served as chief advisor to Sen. Richard Shelby of Alabama and was the primary liaison between the
MILFORD, Mass.--(BUSINESS WIRE)--Waters Corporation (NYSE:WAT) today announced that Sherry Buck will step down as Chief Financial Officer, effective December 31, 2020, in order to pursue another opportunity at a privately held company. Upon her departure, Michael F. Silveira, Vice President and Corporate Controller of Waters, will assume the role of interim Chief Financial Officer. Ms. Buck will work alongside Mr. Silveira in order to facilitate a smooth transition. Waters has been actively working with a leading search firm to identify a permanent CFO, and the process is advancing well with several strong internal and external candidates. “On behalf of the Board and management,
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EPS of $0.76; adjusted EPS of $1.34 Full-year adjusted EPS of $5.48 Full-year share repurchases of $1.1 billion Aviation backlog of $7.8 billion at year-end 2024, up $676 million from year-end 2023 2025 full-year EPS outlook of $5.19 to $5.39, full year adjusted EPS outlook of $6.00 to $6.20 Textron Inc. (NYSE:TXT) today reported fourth quarter 2024 income from continuing operations of $0.76 per share, as compared to $1.01 per share in the fourth quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.34 per share for the fourth quarter of 2024, compared to $1.60 per share
Textron Inc. (NYSE:TXT) will release its fourth quarter 2024 financial results on Wednesday morning, January 22, 2025. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (800) 343-1703 in the U.S. or (785) 424-1226 outside of the U.S.; Access Code: 84015. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Wednesday, January 22, 2025 by dialing (800) 839-5125; Access Code: 26683. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense,
EPS of $1.18; adjusted EPS of $1.40, down from $1.49 in the prior year Net cash from operating activities of $208 million in the third quarter of 2024 $215 million returned to shareholders through share repurchases in the third quarter Textron Aviation segment revenue and profit impacted by IAM strike Textron Inc. (NYSE:TXT) today reported third quarter 2024 income from continuing operations of $1.18 per share, as compared to $1.35 per share in the third quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.40 per share for the third quarter of 2024, compared to $1.49 per share
The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on January 1, 2025 to holders of record at the close of business on December 13, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source versi
Textron Inc. (NYSE:TXT) will release its third quarter 2024 financial results on Thursday morning, October 24, 2024. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 3144750. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, October 24, 2024 by dialing (402) 970-0847; Access Code: 1480019. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, in
The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on October 1, 2024 to holders of record at the close of business on September 13, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source
EPS of $1.35; adjusted EPS of $1.54, up from $1.46 in prior year Net cash from operating activities of $383 million in the second quarter of 2024 $358 million returned to shareholders through share repurchases in the second quarter Textron Inc. (NYSE:TXT) today reported second quarter 2024 income from continuing operations of $1.35 per share, as compared to $1.30 per share in the second quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.54 per share for the second quarter of 2024, compared to $1.46 per share in the second quarter of 2023. "In the quarter, our team deliver
Textron Inc. (NYSE:TXT) will release its second quarter 2024 financial results on Thursday morning, July 18, 2024. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 8602005. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, July 18, 2024 by dialing (402) 970-0847; Access Code: 4306608. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, indus
EPS of $1.03; adjusted EPS of $1.20, up from $1.05 from prior year Segment profit of $290 million, up $31 million from prior year Textron Inc. (NYSE:TXT) today reported first quarter 2024 net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023. Adjusted net income, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.20 per share for the first quarter of 2024, compared to $1.05 per share in the first quarter of 2023. "In the quarter, we saw profit growth across our Aviation, Bell, and Systems businesses," said Textron Chairman and CEO Scott C. Donnelly. "At Aviation, we saw continued strong market dema
The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on July 1, 2024 to holders of record at the close of business on June 14, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source version
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Textron Aviation announced today an expansion of its footprint in Australia with the construction of a larger and modernized service facility at Essendon Fields Airport in Melbourne to maximize support for Cessna, Beechcraft and Hawker customers in the region. The new facility will add more space for servicing aircraft, aiding in faster scheduling with minimal down time to keep customers flying. Construction is set to begin March 2025 and Textron Aviation expects to be fully functional in the new facility by early 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250213028444/en/L-R: Stefan Wenger, vice president, Internationa
Collins' Pro Line 21™ avionics provides advanced functionality, usability CEDAR RAPIDS, Iowa, Feb. 5, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE:RTX) business, has announced upcoming functionality upgrades to Collins' Pro Line 21™ integrated avionics systems installed on in-service Cessna Citation business jets. Cessna Citation business jets are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company. Available beginning in the second half of 2025, the Pro Line 21 avionics enhancements are applicable for in-service Cessna Citation CJ1+, CJ2+, CJ3, CJ4 and XLS+ fleets, with upgrades spanning advanced communications abilities, improved weather data, enh
Textron Aviation today announced the first delivery into Canada for its twin-engine, large-utility turboprop, the Cessna SkyCourier, to Air Bravo Corporation. Air Bravo is a passenger, cargo and air ambulance flight service company based in Thunder Bay, Sudbury, Barrie and Meaford, Ontario. The aircraft – a freighter variant – will be used to transport cargo throughout the region. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250203099732/en/Rick Horwath, president and CEO, Air Bravo, with his new Cessna SkyCourier. (Photo credit: Textron Aviation) The Cessna SkyCourier is designed and produced by Textron Aviation Inc., a Textr
Textron Aviation Defense LLC, a Textron Inc. (NYSE:TXT) company, today announced in coordination with the Kanematsu Group that the Beechcraft T-6 Texan II Integrated Training System (ITS) has been chosen to modernize pilot training for the Japan Air Self-Defense Force (JASDF). Japan will join 14 other nations that have selected the T-6 Texan II, adding to a fleet of more than 1,000 T-6 aircraft delivered worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250125981993/en/Beechcraft T-6 Texan II Integrated Training System (Photo: Business Wire) The Beechcraft T-6 Texan II is designed and manufactured by Textron Aviation Def
New Beechcraft King Air 260 Aircraft to Modernize Royal Canadian Air Force's Multi-Engine Training Fleet Textron Aviation today announced the first international sale of seven of its Beechcraft King Air 260 military multi-engine training aircraft. SkyAlyne and KF Aerospace selected the King Air 260 in support of the Future Aircrew Training (FAcT) program to train pilots for the Royal Canadian Air Force (RCAF). The FAcT program was awarded to SkyAlyne, a joint venture between CAE and KF Aerospace. King Air 260 deliveries for the FAcT program are expected to begin in the first half of 2028. This press release features multimedia. View the full release here: https://www.businesswire.com/new
EPS of $0.76; adjusted EPS of $1.34 Full-year adjusted EPS of $5.48 Full-year share repurchases of $1.1 billion Aviation backlog of $7.8 billion at year-end 2024, up $676 million from year-end 2023 2025 full-year EPS outlook of $5.19 to $5.39, full year adjusted EPS outlook of $6.00 to $6.20 Textron Inc. (NYSE:TXT) today reported fourth quarter 2024 income from continuing operations of $0.76 per share, as compared to $1.01 per share in the fourth quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.34 per share for the fourth quarter of 2024, compared to $1.60 per share
Textron Inc. (NYSE:TXT) will release its fourth quarter 2024 financial results on Wednesday morning, January 22, 2025. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (800) 343-1703 in the U.S. or (785) 424-1226 outside of the U.S.; Access Code: 84015. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Wednesday, January 22, 2025 by dialing (800) 839-5125; Access Code: 26683. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense,
Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced that its twin-engine, large-utility turboprop, the Cessna SkyCourier, has been awarded type certification by Transport Canada Civil Aviation (TCCA), expanding the aircraft's ability to support operational activities in some of the most remote areas of North America. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217801798/en/Cessna SkyCourier achieved Canada type certification, bringing operational support to remote regions of North America. (Photo: Textron Aviation) The first SkyCourier in the region – a freighter variant – is expected to be delivered
Textron Aviation Defense today announced the arrival of five Beechcraft T-6C Texan II Integrated Training System (ITS) aircraft in support of the Vietnam Air Defense Air Force (ADAF) pilot training program at Phan Thiet Airbase. The historic delivery of the first of 12 T-6C Texan II ITS aircraft highlights the on-time fulfillment of the inaugural Foreign Military Sales (FMS) program established between the U.S. Air Force (USAF) and the ADAF. Contracted in August 2022, the full fleet of 12 T-6C aircraft is anticipated to be delivered by mid-2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119463998/en/Textron Aviation | De
Textron Aviation today announced it delivered the first of two multi-mission Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. The King Air 360CHW is cargo door equipped and fitted for heavy weight operation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119072545/en/Textron Aviation | Peruvian Air Force receives first of two aeromedical evacuation-equipped Beechcraft King Air 360CHW special missions aircraft (Photo: Business Wire) The Beechcraft King Air 360CHW is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company. "The King Air 360CHW delivered to the Peruvian Air Force for
BofA Securities downgraded Textron from Buy to Neutral and set a new price target of $85.00 from $110.00 previously
Vertical Research upgraded Textron from Hold to Buy and set a new price target of $91.00
TD Cowen downgraded Textron from Buy to Hold and set a new price target of $95.00 from $103.00 previously
Morgan Stanley downgraded Textron from Overweight to Equal-Weight and set a new price target of $95.00
BofA Securities upgraded Textron from Neutral to Buy and set a new price target of $105.00 from $85.00 previously
UBS initiated coverage of Textron with a rating of Sell and set a new price target of $73.00
Citigroup initiated coverage of Textron with a rating of Buy and set a new price target of $90.00
Vertical Research downgraded Textron from Buy to Hold and set a new price target of $70.00
Wolfe Research initiated coverage of Textron with a rating of Peer Perform
Bernstein initiated coverage of Textron with a rating of Mkt Perform