Textron

Textron | October 05, 2016

Bell may duck oil and gas challenge The current troubles in the helicopter manufacturing industry are another example of how the downturn in the oil industry (XOP) continues to have a domino effect across the sectors. Helicopters are used in the oil industry to ferry workers and cargo to oil platforms, which are often in the middle of nowhere. Approximately 25% of the global helicopter fleet is deployed in the oil and gas sector....

  | June 29, 2016

Textron Aviation said Wednesday it delivered its first Cessna Citation Latitude business jet to a customer in Mexico. The Wichita-based company did not identify the “corporate customer” but said it’s the third new Citation business jet for the customer. The customer also currently owns a Citation XLS. Avemex, an authorized Citation sales representative in Mexico, will operate the Latitude on its air taxi certificate for the corporate customer, Textron Aviation said....

Textron | July 10, 2016

Honeywell (HON) fell sharply Friday after the aerospace and building systems industrial giant cut profit and sales forecasts, citing weaker business jet and general aviation shipments.Honeywell warned late Thursday that it sees full-year earnings per share of $6.60-$6.64, down from its prior forecast of $6.60-$6.70. It now sees core organic sales down 1%-2% vs. the prior target for a 1% decline.Slumps in emerging markets and the oil industry have crimped demand for business aircraft and helicopt...

Textron | January 27, 2016

What: Shares of Textron (NYSE:TXT) fell as much as 11.5% on Wednesday after the industrial conglomerate released weaker-than-expected fourth-quarter 2015 results.So what: Quarterly revenue fell 4.2% year over year to $3.9 billion, including a 2% decline from Textron Aviation to $1.49 billion, a 3.4% drop from Bell to just under $1.04 billion, a 25.4% decline at Textron Systems to $463 million, and a 6.4% increase in sales at Textron's Industrial segment.That translated to a 5% decline in seg...