:

Business/Financial

Income, Sales Fall At Textron In Opening Quarter

By Cal Biesecker

Wednesday, April 19th, 2017

SHARE:

Income, Sales Fall At Textron In Opening Quarter

Textron's Scorpion jet flying over White Sands Missile Range, N.M. The second production Scorpion made its first flight test this week. Photo: Textron

Textron Inc. [TXT] on Wednesday posted a drop in net income and sales in the first quarter driven by declines in most of its operating segments and charges related to a recent acquisition and ongoing restructuring actions.Net income tumbled 33 percent to $101 million, 37 cents earnings per share (EPS), from $150 million (55 cents EPS) a year ago. The bottom line results in the quarter included an after tax charge of 9 cents EPS due to the acquisition of…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]