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March 20, 2014
07:56 EDTTXTTextron estimates adjusted, remains a top pick, says Cowen
Cowen adjusted its estimates for Textron to reflect its recent Beech acquisition. The firm believes earnings will be restrained near-term but will accelerate over the next two years and sees revenue synergies offering upside to estimates. Shares are Outperform rated with a $47 price target.
News For TXT From The Last 14 Days
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October 5, 2015
14:43 EDTTXTTextron Systems awarded $17.4M contract from U.S. Army
Textron Systems Marine & Land Systems, a Textron business, announced it has been awarded a $17.4M Interim Contractor Training Support contract from the United States Army Tank-Automotive and Armaments Command to provide next-level training to the Afghan National Army for its four-wheeled Mobile Strike Force Vehicles. The contract has a 12 month period of performance. 621 MSFVs, based on Textron Systems' COMMANDO Select armored vehicle line, have been delivered to the Afghan National Army since 2012, with over 550 of these vehicles actively engaged in security operations in strategic locations across the country. The ICTS contract calls for the Textron Systems in-country team to provide on-the-job training and mentorship, enabling ANA personnel to perform detailed maintenance and repair actions to sustain its MSFV inventory. In addition to OJT vehicle repair and maintenance training, Textron Systems will continue mentoring and training the ANA on inventory and supply system activities, as well as developing and delivering program instruction manuals.

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