Textron is a diversified multinational company that engages in the design, manufacturing, and service of a wide range of products and technologies in various sectors, including aerospace, defense, and industrial
The company is well-known for producing aircraft, specifically in the general aviation and military sectors, as well as a variety of vehicles such as golf carts and off-road vehicles. Additionally, Textron provides support services and advanced systems to enhance the operational capabilities of its products. Through innovation and engineering excellence, Textron aims to meet the evolving needs of its global customer base while maintaining high standards in safety and sustainability.
Textron Inc. (NYSETXT) announced that Rob Mionis has been elected to the company's Board of Directors, effective March 1, 2025. Mionis is the President and Chief Executive Officer of Celestica Inc., a multinational leader in design, manufacturing, hardware platform and innovative supply chain solutions for a wide range of industries including aerospace, industrial and communications. Celestica’s solutions span design and engineering through to after-market services. Headquartered in Toronto, Canada, Celestica employs approximately 27,000 people across 40 locations in the Americas, Asia and Europe, and generated $9.7 billion in revenue in 2024. Mionis has served as Celestica’s CEO since 2015.
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.
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.
Textron Aviation Defense LLC, a Textron Inc. (NYSETXT) 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.
Textron Aviation said that the deliveries for the FAcT program are expected to begin in the first half of 2028. The Beechcraft King Air 260 will replace the fleet of Beechcraft King Air C-90B aircraft that has served the RCAF for decades.
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.
Textron Chairman and CEO Scott C. Donnelly acknowledged that a work stoppage at Textron Aviation impacted the company’s 2024 financial results but highlighted that the firm saw strong order activity.
Aerospace and defense company Textron (NYSETXT) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7.2% year on year to $3.61 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $14.7 billion at the midpoint. Its non-GAAP profit of $1.34 per share was 6.8% above analysts’ consensus estimates.
Textron reports Q4 results, misses sales expectations but meets EPS estimates. Aviation and Bell segments drive revenue growth while Industrial segment faces challenges. FY25 outlook shows growth and improved margins.
Textron Inc. (NYSETXT) 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 in the fourth quarter of 2023.
