Sign In
Search

Textron To Buy United Industrial For $1.1 Billion

DDN
SHARE:

By Calvin Biesecker Textron [TXT] on Monday said it has agreed to acquire United Industrial Corp. [UIC] for $1.1 billion in cash, a deal that gives it a strong platform in the Unmanned Aircraft System (UAS) market while further expanding its portfolio of defense business. The deal is expected to close later this year and Textron expects it to be dilutive to earnings per share by 9 cents next year. For UIC shareholders, in particular those that have been with…

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

Defense Watch

Defense Watch: Parts Framework, Canadian CCA, PWSA Ideas, Startup Raises

Defense Watch

Defense Watch: Black Arrow and Blackbeard, Jordan KuMRFS, Epirus and DFT

Trending

Anduril Acquiring Space Domain Awareness, Missile Defense Software Company ExoAnalytic Solutions
X-Bow To Acquire Evolution Space, Enhancing Hypersonics And Energetics Capabilities
Army Wants Long-Range PrSM Inc. 4 On Accelerated Timeline, Plans Fly Off In Late FY ‘28
BAE Systems Completes Preliminary Design Review For Epoch 2 Constellation
Drone Dominance Program Selects 11 Finalists For Potential Orders After First Gauntlet

Congress Updates

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume