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Textron Inc

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  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • WASHINGTON, May 19- The U.S. Marine Corps is not halting flights of UH-1 helicopters or V-22 tilt-rotor Ospreys despite recent deadly accidents in Nepal and Hawaii, the general in charge of Marine Corps aviation said on Tuesday. Bell Helicopter, a unit of Textron Inc, built the UH-1 Y-model helicopter that crashed in Nepal. The MV-22 Osprey tilt-rotor, which takes...

  • HONOLULU— An investigation is underway after a U.S. military Osprey aircraft crashed during a weekend training exercise in Hawaii, killing a Marine and injuring 21 others. Ospreys are used by the Marines and Air Force, and have been deployed to the wars in Iraq and Afghanistan. Air Force Special Operations forces use Ospreys for especially risky missions like...

  • April 28- Textron Inc, maker of Beechcraft and Cessna airplanes and Bell helicopters, reported lower-than-expected quarterly revenue and profit as helicopter division sales declined. Revenue in Textron's Bell division, which accounted for 31 percent of total revenue in 2014, dropped 13.2 percent to $315 million in the first quarter ended April 4.

  • CORRECTED-Textron quarterly profit jumps 50.6 pct Tuesday, 28 Apr 2015 | 6:58 AM ET

    April 28- Textron Inc, the maker of Beechcraft and Cessna planes and Bell helicopters, reported a 50.6 percent jump in first-quarter profit. The company's net income rose to $128 million, or 46 cents per share, in the quarter ended April 4, from $85 million, or 30 cents per share, a year earlier. Total revenue rose 7.9 percent to $3.07 billion.

  • Textron quarterly profit jumps on higher jet sales Tuesday, 28 Apr 2015 | 6:47 AM ET

    April 28- Textron Inc, the maker of Beechcraft and Cessna planes and Bell helicopters, reported a 50.6 percent jump in first-quarter profit as it sold more jets. The company's net income rose to $128 million, or 46 cents per share, in the quarter ended April 4, from $85 million, or 30 cents per share, a year earlier. Total revenue rose 7.9 percent to $3.07 billion.

  • TOKYO, April 23- Honda Motor Co on Thursday flew its HondaJet business aircraft for the first time in Japan, bringing to life a dream cherished by legendary founder Soichiro Honda, but the automaker said sales of the jet in Asia remain years away. Speaking at an event to mark the aircraft's first appearance outside the United States, Michimasa Fujino, Chief...

  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • March 11- United Technologies Corp will explore spinning off its Sikorsky helicopter unit, in the first major move by the company's new chief executive officer to overhaul the U.S. conglomerate's portfolio of businesses. Sikorsky's fit with United Tech, which had $65 billion in overall sales last year, has been long debated on Wall Street.

  • *Europe losing market share in India to U.S., Russia. Europe's share of defence sales to India, the world's top arms importer, slid to less than 4 percent in 2013 from more than a fifth in 2005, data from think tank Stockholm International Peace Research Institute showed. But India has stipulated that for winning defence deals, foreign firms give domestic companies...

  • The policy, the details of which are classified, comes after a two-year review amid growing demand from U.S. allies for the new breed of weapons that have played a key role in U.S. military action in Afghanistan, Iraq and Yemen. Privately held General Atomics, maker of the Predator and Reaper drones, Northrop Grumman Corp, Textron Inc and other arms makers have been...

  • Jan 28- Textron Inc, maker of Cessna jets and Bell helicopters, reported quarterly revenue below average analyst estimate as deliveries of Bell helicopters declined, and forecast full-year profit and revenue below expectations. Textron's revenue increased 17 percent to $4.10 billion, but missed the average analyst expectation of $4.3 billion.

  • Textron profit up 27 pct Wednesday, 28 Jan 2015 | 6:44 AM ET

    Jan 28- Textron Inc, maker of Cessna jets and Bell helicopters, reported a 27 percent jump in quarterly profit, helped by its acquisition of smaller peer Beechcraft last March. Textron's net profit rose to $212 million, or 76 cents per share, for the fourth quarter ended Jan. 3 from $167 million, or 59 cents per share, a year earlier. Revenue increased 17 percent to $4.10...

  • WASHINGTON, Jan 16- India may buy unmanned aerial vehicles, or drones, from other countries if the United States does not ease current export restrictions on such aircraft, a key Democratic senator said on Friday. Senator Mark Warner of Virginia, who will join President Barack Obama during a trip to India on Jan. 26, said he was concerned that other countries could...

  • A Jan. 5 memorandum signed by top Navy and Marine Corps officials described plans to use the V-22, built by Boeing Co and Textron Inc's Bell Helicopter unit, instead of opting for a new plane, or upgrading the existing C-2As. Navy acquisition chief Sean Stackley declined to confirm the Navy had decided to use the V-22 for the carrier on-board delivery mission, but he...

  • Off-shore oil drilling and production in regions such as the North Sea and Gulf of Mexico have been a key source of demand for helicopter makers including United Technologies' Sikorsky unit, Finmeccanica's AgustaWestland and Airbus Helicopters. Textron's Bell Helicopter could soon become a bigger player with a new helicopter. During United Technologies'...

  • Oil price plunge could leave helicopters sputtering Thursday, 15 Jan 2015 | 1:00 AM ET

    Off-shore oil drilling and production in regions such as the North Sea and Gulf of Mexico have been a key source of demand for helicopter makers including United Technologies' Sikorsky unit, Finmeccanica's AgustaWestland and Airbus Helicopters. Textron's Bell Helicopter could soon become a bigger player with a new helicopter. During United Technologies'...

  • WASHINGTON, Jan 14- U.S. Air Force Secretary Deborah James on Wednesday mapped out a series of initiatives aimed at lowering the cost of key weapons systems and getting them fielded sooner, saying that leaner budgets and growing threats made action imperative. James said the initiatives are part of a broader push by the Air Force to be more flexible, adaptable and...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...