Textron unit awarded $418.85M government contract modification Bell Helicopter Textron is being awarded a $418.85M modification to a previously awarded advance acquisition contract to provide additional funding for the procurement of long lead parts and components required for the manufacture of 15 Lot 10 UH-1Y and 10 Lot 10 AH-1Z helicopters for the Marine Corps. Work is expected to be completed in March 2016. Contract funds in the amount of $418.85M will be obligated at the time of award, none of which will expire at the end of the current fiscal year.
Textron sees FY15 EPS $2.30-$2.50, consensus $2.56 Sees FY15 revenue of approximately $14.4B, consensus $14.73B. The company is estimating cash flow from continuing operations of the manufacturing group before pension contributions will be between $550 and $650 million with planned pension contributions of about $80 million.