International Business News - Textron http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Textron Inc. fell Friday, although an analyst said announced production cuts at subsidiary Cessna Aircraft Co. appear to be priced into the company's shares. http://www.ibtimes.com/articles/20081114/cessna-cuts-priced-into-textron-shares-analyst.htm Fri, 14 Nov 2008 19:40:37 EST Textron Inc.'s Bell Helicopter received a $12.8 million contract boost from the Navy for logistics services to support the upgrade of the H-1 helicopter, the Pentagon said late Wednesday. http://www.ibtimes.com/articles/20081112/textron-gets-12-8m-navy-deal.htm Wed, 12 Nov 2008 17:25:30 EST Shares of Textron Inc. fell Wednesday after the aerospace and defense company said its Cessna aircraft unit would cut production because of the soft economy. http://www.ibtimes.com/articles/20081105/textron-shares-fall-on-cessna-production-cut.htm Wed, 05 Nov 2008 18:42:30 EST Textron Inc.'s Bell Helicopter said Wednesday it is laying off 500 employees, after losing a multibillion-dollar reconnaissance helicopter contract with the Army earlier this month. http://www.ibtimes.com/articles/20081029/textron-cuts-500-jobs-in-texas-after-contract-loss.htm Wed, 29 Oct 2008 13:43:13 EDT Fitch Ratings on Tuesday lowered its debt outlook for defense and aerospace manufacturer Textron Inc. and its finance unit due to the impact from a sluggish economy and the ongoing turmoil in the credit markets. http://www.ibtimes.com/articles/20081021/fitch-lowers-textrons-debt-rating-outlook.htm Tue, 21 Oct 2008 14:08:21 EDT Shares of Textron Inc. fell nearly 15 percent Tuesday as an analyst downgraded the manufacturer, reduced her price target by more than half and cut her earnings estimates for this year, next year and 2010. http://www.ibtimes.com/articles/20081021/textron-shares-fall-as-analyst-cuts-estimates.htm Tue, 21 Oct 2008 20:17:40 EDT Industrial conglomerate Textron Inc. said Thursday it expects fourth-quarter earnings from continuing operations of 80 cents to 90 cents per share, excluding one-time charges. http://www.ibtimes.com/articles/20081016/textron-predicts-lower-4q-operating-profit.htm Thu, 16 Oct 2008 08:41:10 EDT Textron Inc., which makes Cessna jets, Bell helicopters and E-Z-GO golf carts, reported a 19-percent drop in third-quarter profit on Thursday as its financing division for business jet and other customers got hammered by the global credit crisis. http://www.ibtimes.com/articles/20081016/textron-3q-profit-plunges-as-finance-unit-falters.htm Thu, 16 Oct 2008 16:55:16 EDT Textron Inc. reports its third-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The maker of Cessna jets, Bell helicopters and E-Z-GO golf carts announced plans during the quarter to speed up its buyback program, saying it would repurchase up to $500 million of its stock in the second half of the year. http://www.ibtimes.com/articles/20081015/earnings-preview-textron-to-report-3q-results.htm Wed, 15 Oct 2008 15:27:54 EDT AAI Corp., an operating unit of Textron Inc.'s Textron Systems, has received a contract totaling $242.1 million for 17 additional unmanned aircraft systems. http://www.ibtimes.com/articles/20081015/textron-unit-aai-receives-242-1-million-contract.htm Wed, 15 Oct 2008 08:21:25 EDT Fitch Ratings on Monday lowered its rating outlook for diversified manufacturer Textron Inc. and its subsidiary Textron Financial Corp., citing tighter financial market liquidity and rising default rates. http://www.ibtimes.com/articles/20081013/fitch-reduces-textron-outlook-on-tighter-liquidity.htm Mon, 13 Oct 2008 12:02:13 EDT Bell Helicopter, a unit of Textron Inc., said Friday it has received a U.S. Navy contract extension worth $210 million. Under the terms of the deal, the Navy will purchase 15 aircraft, which will be built at Bell's Military Aircraft Assembly Center in Amarillo, Texas. http://www.ibtimes.com/articles/20081010/textrons-bell-helicopter-signs-210m-navy-pact.htm Fri, 10 Oct 2008 11:59:26 EDT Textron Inc.'s Bell Helicopter unit received an additional $210.2 million Navy contract to buy 11 Huey utility helicopters and four Viper attack helicopters, plus related technical information, the Pentagon said late Tuesday. http://www.ibtimes.com/articles/20081001/textron-unit-gets-210-2m-navy-contract.htm Wed, 01 Oct 2008 11:50:29 EDT Industrial conglomerate Textron Inc. said Monday it will expand operations in Mexico by building a new manufacturing plant in the northern state of Chihuahua. http://www.ibtimes.com/articles/20080929/textron-to-build-new-plant-in-mexico.htm Mon, 29 Sep 2008 12:29:24 EDT Textron Inc. said Monday its subsidiary won $313 million in contract modifications by the U.S. Army to manufacture hundreds more of armored security vehicles, or ASVs. http://www.ibtimes.com/articles/20080915/textron-gets-313-million-armored-vehicle-contract.htm Mon, 15 Sep 2008 15:01:15 EDT The Army said Friday that it has awarded a $250 million contract to a division of Textron Inc. for armored security vehicles. The contract, awarded Thursday, is for 346 of the lightly armored vehicles commonly used by military police. Work will be done in New Orleans and is expected to be finished by 2009. http://www.ibtimes.com/articles/20080912/textron-gets-250m-contract.htm Fri, 12 Sep 2008 18:59:42 EDT The Pentagon said Thursday that it has awarded a $56 million contract to a division of Textron Inc. for armored security vehicles. The Army contract, awarded Wednesday, is for 78 vehicles. Work will be done in New Orleans, La., and is expected to be finished by June 2009. http://www.ibtimes.com/articles/20080911/textron-gets-56m-contract.htm Thu, 11 Sep 2008 20:03:18 EDT Industrial conglomerate Textron Inc. said Thursday it has reached an agreement to sell its fluid and power business to U.K.-based Clyde Blowers Ltd. for up to $645 million, marking its exit from the pump and power transmission industries. http://www.ibtimes.com/articles/20080911/textron-to-sell-fluid-and-power-unit.htm Thu, 11 Sep 2008 10:11:30 EDT Industrial conglomerate Textron Inc.'s Bell Helicopters received a $7.6 million contract boost from the Air Force to provide parts for 64 of the service's helicopters, the Pentagon said late Wednesday. http://www.ibtimes.com/articles/20080904/textron-gets-7-6m-air-force-contract-for-parts.htm Thu, 04 Sep 2008 10:45:10 EDT Textron Marine & Land System has received a $6.6 million contract for 10 armored security vehicles from the U.S. Army Tank-Automotive Command. Work will be performed in New Orleans, with an estimated completion date of June 30, 2009. http://www.ibtimes.com/articles/20080829/textron-marine-bell-helicopter-get-army-contracts.htm Fri, 29 Aug 2008 11:06:46 EDT