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$TXT

9 stories mentioning TXT

Every FINWIRES story that references TXT, newest first.

Wire

Textron's Kautex Unit Wins Business Award for Pentatonic Battery Enclosure System

Textron's (TXT) Kautex Textron unit said Tuesday it won a new business award for its Pentatonic battery enclosure system.Financial details weren't provided.The company said it will deliver to an unnamed automotive original equipment manufacturer the full battery enclosure system with a top cover, bottom tray and thermal management solution for a multi-vehicle platform.Production will be localized in North America, with manufacturing planned for 2028 using a highly automated production process, Kautex Textron said.Price: $91.90, Change: $+0.47, Percent Change: +0.52%

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Wire

Textron Unit Secures Order for Three Additional Bell Helicopters

Textron's (TXT) Bell Textron unit said Thursday that Life Flight Network has ordered three additional Bell 407GXi helicopters.These aircraft will join the network's existing fleet for rapid response and exceptional emergency medical care, the firm said.Price: $91.48, Change: $+0.10, Percent Change: +0.11%

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Research

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Textron Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $4 to $111, or 14.5x our 2027 EPS estimate, above TXT's three-year average forward P/E of 13.2x but still well below peers' average forward P/E of 25.1x. We raise our 2026 EPS estimate by $0.03 to $6.68 and keep 2027E at $7.65. TXT's announcement to separate its Industrial segment (~$3.2B revenue) to become a pure-play aerospace and defense company is transformational. New Textron will have ~$12B in revenue with 100% A&D exposure, anchored by leading positions in business aviation (Textron Aviation), military/commercial rotorcraft (Bell), and defense systems. The $19.2B backlog provides multi-year revenue visibility, with Aviation's $8B backlog up 4x from pre-Covid levels. The MV-75 Cheyenne program represents a significant growth driver as it transitions from development to production, supported by strong DoD funding commitments. We view the separation as strategically sound, enabling enhanced focus, improved margins (expanding 120 bps), and accelerated growth (150 bps higher).

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Wire

Textron to Unlock Value Through Split, Morgan Stanley Says

Textron (TXT) is showing a credible step to unlocking value from separating its Industrial segment to become a cleaner aerospace and defense firm, Morgan Stanley said in a note Monday."We see the planned separation as a step toward unlocking value, but key uncertainties remain around structure, timing, and ultimate value realization," the report said.The note also said it is shifting to a sum-of-the-parts valuation to better capture segment value as TXT transitions toward a more focused A&D portfolio."We believe Systems is underappreciated today, and the key debate is whether TXT can earn credit for its unmanned and defense tech exposure," the note added.Morgan Stanley increased its price target to $109 from $92 while keeping its equal weight rating, citing a balanced risk reward.Price: $92.03, Change: $-2.69, Percent Change: -2.84%

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Research

TD Cowen Upgrades Textron to Buy From Hold, Adjusts Price Target to $115 From $110

Textron (TXT) has an average rating of overweight and mean price target of $100.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: Textron Posts Q1 Beat On Sales And Eps; Industrial Separation Announced

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TXT reported Q1 revenue of $3.7B (+12% Y/Y, 5.4% above consensus) with adjusted EPS of $1.45 (+13%, $0.15 beat). Aviation led performance with revenue up 22% to $1.5B and segment profit expanding 26% to $154M, supported by higher jet deliveries (37 vs. 31) and commercial turboprops (35 vs. 30). We view the margin expansion as validation that Aviation is tracking toward the 12%-13% segment profit range as volumes normalize and operational efficiencies take hold. Management maintains full-year Aviation guidance for 9% revenue growth to $6.5B, supported by the $8.0B backlog providing 2026 visibility. The planned Industrial segment separation within 12-18 months will create a pure-play aerospace and defense structure, addressing long-standing investor feedback on the conglomerate valuation discount. The key catalyst remains MV-75's transition from EMD deliveries in 2027 to LRIP in 2028, which should drive Bell margin expansion as production scales toward 40-60 annual aircraft deliveries later this decade.

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Wire

Textron Keeps Quarterly Dividend at $0.02 a Share, Payable July 1 to Shareholders of Record as of June 12

Textron Keeps Quarterly Dividend at $0.02 a Share, Payable July 1 to Shareholders of Record as of June 12

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Wire

Textron Gets Five-Year Extension to US Government Contract Worth Over $150 Million

Textron (TXT) said Monday it was awarded a five-year US government contract valued at over $150 million to provide sustaining engineering and program management services for the US Air Force, Navy and Army T-6A, T-6B and T-6D aircraft fleet.The contract was first awarded in 2021 and the latest modification extends it for another five years.The modification brings the total cumulative face value of the contract to $510 million from $240 million. Work will be performed in Wichita, Kansas, according to the company.Price: $91.11, Change: $-0.28, Percent Change: -0.31%

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Wire

RTX Wins Contracts From Bell Textron for US Army Future Long-Range Assault Aircraft

RTX (RTX) said Monday it has won multiple contracts from Bell Textron, a Textron (TXT) company, to provide five critical systems for the U.S. Army's MV-75 Future Long Range Assault Aircraft.The company said the systems include main power generation, the interconnect drive system, the SmartProbe air data system, cockpit seating and the ice protection system.The work will be completed in Colorado, Illinois, Iowa, Minnesota, New York, Ohio and West Virginia, the company said.Price: $202.58, Change: $+1.02, Percent Change: +0.51%

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