Textron Aviation has made an impact with major business moves such as securing a $276.8 million contract to supply T-54A training aircraft, delivering an advanced King Air 360CHW to Peruvian Air Force, and being seen as a prime contender in the military drone sector according to analysts. However, in the stock market, Textron Inc's shares have had notable shifts with instances of shares sold by Ontario Teachers Pension Plan Board, PrimeCap Management Co. CA, and Natixis Advisors LLC.
Third quarter 2024 results have been a significant topic of conversation, with earnings being anticipated to decline and revenues lagging estimates. While analyst sentiment is somewhat mixed, some, including Jim Cramer, believe Textron Inc. has potential especially in light of recent Fed rate cuts. The retirement of CFO Frank Connor effective February 2025 marks a significant shift in the company's executive team, with some analysts suggesting that the share price has yet to reach cruising altitude. Despite missing Q3 revenue estimates, the company experienced growth in business jet and helicopter demand and announced some exciting innovations such as the EvoX upgrades, redefining their connectivity offerings with the Gogo Galileo HDX, and a collaboration to develop an uncrewed military vehicle with Kodiak.
Textron TXT News Analytics from Wed, 21 Feb 2024 18:30:16 GMT to Fri, 22 Nov 2024 10:46:11 GMT -
Rating 2
- Innovation 5
- Information 6
- Rumor 1
