Stock Data
$1.54 (1.75%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
AEROSPACE & DEFENSE
Textron Inc. is a global powerhouse with a diverse portfolio in the aircraft, defense, industrial, and finance sectors. Its operations span from manufacturing and servicing a wide range of aircraft, including business jets and military trainers, to producing commercial and military helicopters and tiltrotor aircrafts. Additionally, Textron is involved in producing advanced marine crafts, unmanned aircraft systems, and a variety of industrial products like golf cars and utility vehicles. The company also offers financing services for aviation aircraft and helicopters. Founded in 1923, Textron has established itself as a key player in providing innovative solutions across multiple industries.
Textron beat on both top and bottom lines as Bell's military ramp and Textron Systems growth offset a cautious outlook: the company reiterated full-year guidance but flagged a potential $0.20 to $0.30 EPS haircut if Congress doesn't fund the MV-75 Cheyenne program through a reprogramming request, plus initiated a sale of its Industrial segment.
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