Sign In
Search
Business/Financial

Textron Reports Higher Profits, Sales On Acquisition, Improved Performance

Cal Biesecker By
SHARE:
Textron Reports Higher Profits, Sales On Acquisition, Improved Performance
Textron is still searching for its first buyer for Scorpion. Photo: Textron.

Textron [TXT] on Wednesday posted strong increases in sales and income in the second quarter driven by the company’s acquisition of Beechcraft this year, a favorable settlement with the Defense Department and solid performance. Net income climbed 27 percent to $144 million, 51 cents earnings per share (EPS), from $113 million (40 cents EPS) a year ago, topping consensus estimates by a nickel. Sales increased nearly 24 percent to $3.5 billion versus $2.8 billion a year ago. The sales growth…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Nuclear Modernization

BWXT Has Strong Third Quarter Thanks to Janus and Other Contracts

Army

Leidos Touts Supplier Alignment As It Readies To Produce New Cruise Missiles

Advanced / Transformational Technology

U.S. Space Force Cislunar Space System Under Consideration

Nuclear Modernization

RTX Awarded $8 Billion Strategic Communications Terminal Contract

Trending

HII Says Frigate On Schedule To Be In Water By 2028 If Contract By Early FY ’27
Boeing To Receive Up to $945.9 Million Sole Source Contract for MILSATCOM Sustainment
Lockheed Martin Also Nabs Spot In Next Round Of Army C-UAS Interceptor Program
Firehawk Raises $150 Million-Plus To Build Out Rocket Motor And Missile Integration Plants
DoD Makes $150 Million Conditional Loan To Rocket Developer Stoke Space

Congress Updates

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 […]

Air Force

‘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 […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume