The Latest Breaking News from TXT

Heightened geopolitical tensions have led to an increase in defense spending. The U.S. defense sector has seen a surge in demand thanks to the rising defense budgets of several countries. Therefore, investors could take advantage of the industry tailwinds by investing in fundamentally strong defense stocks Lockheed Martin (LMT), General…

Shares of prominent defense stocks rallied after Russia invaded Ukraine, thanks to the increased military spending globally. Since the market for defense components is expected to remain elevated, buying the dip in quality defense stocks Moog Inc. (MOG.A), Airbus SE (EADSY), Astronics Corp. (ATRO), Textron (TXT), and Sturm, Ruger &…

Textron (NYSE:TXT) is set to give its latest quarterly earnings report on Thursday, 2022-04-28. Here's what investors need to know before the announcement. Analysts estimate that Textron will report an earnings per share (EPS) of $0.67.

Textron Aviation, a Textron Inc (NYSE:TXT) company, has entered into a purchase agreement with Exclusive Jets, LLC, operating as flyExclusive, for up to 30 Cessna Citation CJ3+ jets. Financial terms were not disclosed. flyExclusive expects to take delivery of five aircraft in 2023, with the option to buy additional aircraft for deliveries through 2025.…

Textron Inc. (NYSE:TXT) has agreed to purchase Pipistrel, an electrically powered aircraft manufacturer based in Slovenia and Italy. Deal terms were not disclosed. Textron plans to form a new business segment, Textron eAviation, focused on developing sustainable aircraft, which will include Pipistrel. “Pipistrel puts Textron in a uniquely strong position to develop…

If history is any guide, there may be trouble ahead for shares of Textron (NYSE:TXT). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

The aerospace industry is rebounding gradually with increasing demand. Furthermore, rising geopolitical tensions are focusing greater investor attention on industry details. For instance, although Boeing (BA) is a major player in the industry, the company is facing manufacturing issues that are affecting its deliveries. Thus, we think Textron (TXT), Grupo…

Despite the shares of Textron (TXT) having plunged 13.5% in price over the past month, the company is making efforts to boost its operational performance through its diversified brand portfolio. So, let's evaluate if it is wise to bet on the stock at its current price level.

  Textron (NYSE:TXT) reported its Q4 earnings results on Thursday, January 27, 2022 at 06:30 AM. Here's what investors need to know about the announcement.