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Textron To Take Restructuring Charge, Stop Production Of Sensor Fuzed Weapon

Cal Biesecker By
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Textron To Take Restructuring Charge, Stop Production Of Sensor Fuzed Weapon
Textron's Blu-108 submunition that is part of its Sensor Fuzed Weapon. Photo: Textron

Textron [TXT] on Tuesday said in a regulatory filing that it expects to take upward of $140 million in pre-tax restructuring charges in large part due to a decision to stop production of its Sensor Fuzed Weapon (SFW) system.The charges are expected to be in the range of $110 million to $140 million, mostly in the third quarter of 2016, Textron said in a filing with the Securities Exchange Commission after the stock markets closed. It expects the restructuring actions…

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