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Textron Inc. long term shareholder investigation. Investigation over shareholder claims on behalf of current long term investor in Textron Inc. (Public, NYSE:TXT) continues- Contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com
http://www.prlog.org/10395025-textron-inc-long-term-shareholder-investigation.html
In a decision hot off the press, the First Circuit Court of Appeals (which hears appeals from federal courts in Maine, New Hampshire, Massachusetts, Rhode Island and Puerto Rico), sitting en banc (every judge of the court), held that a company's tax accrual work papers were not protected under what
http://www.inddist.com/article/355896-Accounting_issues_take_center_stage.php
Company said Tuesday its third-quarter profit plunged 98 percent as the company continues to face reduced sales at its corporate jet and helicopter businesses.
http://www.manufacturing.net/News-Textron-3Q-Profit-Plunges-102709.aspx
ARLINGTON, Va., Nov. 5 /PRNewswire-USNewswire/ -- Textron Inc. won two categories of the 2009 AIA Worker Safety Award, and DRS Technologies and Raytheon Company also took honors in the fourth annual installment of the awards, which were announced Thursday.
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Nov 20, 2009 (Fresh Brewed Media via COMTEX) --
Textron (NYSE: TXT) closed yesterday at $20.18. So far the stock has hit a 52-week low of $3.57 and 52-week high of $21.00. Textron stock has been showing support around 19.03 and resistance in the 20.85 range. Technical indicators for the stock are Bullish and S&P gives TXT a positive 4 STAR (out of 5) buy rating. TXT appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 18 covered call (TXY FO) for a net debit in the $16.08 area. That is also the break even stock price for this trade. This covered call has a 211 day duration, provides 20.32% downside protection and an 11.94% assigned return rate for a 20.66% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the TXT Jan '11 10 Call (XUD AB) and selling the Jun '10 18 call (TXY FO) for a $6.75 debit. The trade has a 211 day life and would provide 17.00% downside protection and an 18.52% assigned return rate for a 32.00% annualized return rate (for comparison purposes only). Textron has a current annual dividend yield of 0.39%.
FBB-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
Tags: investment opinion nyse research S&P trade yield
Companies: Textron, Inc. (TXT)
HUNT VALLEY, Md., Nov 17, 2009 (BUSINESS WIRE) --
AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has entered into a licensing agreement with Carter Aviation Technologies LLC, giving AAI exclusive access to Carter's Slowed Rotor/Compound (SR/C) technology for all unmanned aircraft applications. AAI will provide guidance, support and resources to Carter for continued development and maturation of its SR/C technology, after which AAI intends to develop unmanned aircraft variants for several applications.
Carter's SR/C technology is a fixed- and rotary-wing hybrid that uses multiple proprietary approaches to deliver high speed, long endurance and vertical/short takeoff and landing capability at low cost. These features are well suited for unmanned aircraft that serve multiple mission roles. With runway-independent capability, expeditionary operations typically reserved for conventional vertical-lift platforms can be executed without the cost and performance penalties inherent in those traditional vertical takeoff and landing platforms.
Leveraging SR/C technology and the civil four-place primary aircraft components, Carter and AAI are evaluating an unmanned aircraft design employing a turbine engine. At 7,250 pounds gross weight and with 4,750 pounds of useful load, the SR/C unmanned aircraft is expected to deliver 3,000 pounds of cargo to a range of over 1,300 nautical miles at speeds up to 250 knots. Configured for multi-role missions, the SR/C unmanned aircraft is expected to deliver endurance in excess of 24 hours, making it ideally suited for intelligence, surveillance and reconnaissance; signals intelligence; electronics intelligence; strike; electronic warfare and other mission profiles. In addition, its design would combine this level of performance within an expeditionary, runway-independent vehicle.
This 40-year exclusive agreement leverages AAI's decades of experience designing, developing, manufacturing, fielding and servicing a diverse fleet of unmanned aircraft and innovative, interoperable command-and-control technologies. Its highly successful Shadow(R) Tactical Unmanned Aircraft System has accumulated more than 450,000 flight hours among customers including the U.S. Army, Marine Corps, Army National Guard and Army Special Forces. AAI's Aerosonde(R) fleet of small unmanned aircraft systems are lightweight and offer long endurance, mission flexibility and an expeditionary footprint. AAI's One System(R) Ground Control Station and One System Remote Video Terminal deliver reliable, comprehensive command, control and data dissemination for unmanned platforms and seamless manned/unmanned teaming.
"Carter Aviation Technologies and AAI Corporation are experts in their respective domains, and SR/C offers the best qualities of fixed- and rotary-wing technologies in a single aircraft -- high-speed cruise with runway independence at an affordable cost," says Senior Vice President and General Manager Ellen Lord of AAI. "This combination of expertise and innovative technologies will enable us to extend the superior performance and great value our customers have come to expect from AAI's unmanned aircraft systems to new applications."
About AAI
AAI Corporation designs, produces, and supports aerospace and defense systems through its direct and indirect wholly owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd, ESL Defence Limited, and Symtx, Inc. Its high-technology products and services include unmanned aircraft systems, training and simulation systems, automated aerospace test and maintenance equipment, armament systems, aviation ground support equipment, and logistical, engineering, and supply chain services. AAI Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.aaicorp.com.
About Textron Systems
Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Known for its unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustainment services, Textron Systems includes AAI Corporation, Lycoming Engines, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.textronsystems.com.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
AAI and Shadow are registered trademarks of AAI Corporation. Aerosonde is a registered trademark of Aerosonde Pty Ltd. One System is a registered trademark of the U.S. Army.
Forward-looking Information: Certain statements in this press release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: (a) changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; (b) changing priorities or reductions in the U.S. Government defense budget, including those related to Operation Iraqi Freedom, Operation Enduring Freedom and the Overseas Contingency Operations; (c) our ability to perform as anticipated and to control costs under contracts with the U.S. Government; (d) legislative or regulatory actions impacting defense operations; (e) the timing of new product launches and certifications of new products; (f) the efficacy of research and development investments to develop new products (g) the launching of significant new products or programs which could result in unanticipated expenses; and (h) performance issues with key suppliers, subcontractors and business partners.
SOURCE: Textron
Investor Contacts: Textron Doug Wilburne, 401-457-2288 or Bill Pitts, 401-457-2288 or Media Contacts: Textron Systems Sharon Corona, 410-628-3184 or Textron Michael Maynard, 401-457-2474
Tags: aerospace aircraft army aviation budget business cargo defense electronics engineering finance foreign exchange government homeland security industrial interest rates iraq manufacturing marine national guard nyse politics president products rates research and development software strike technology training video weapons
Companies: Textron, Inc. (TXT)
Nov 17, 2009 (M2 EQUITYBITES via COMTEX) --
Multi-industry company Textron Inc (NYSE: TXT) announced on Monday the appointment of Fred Strader as president and CEO of its Textron Systems segment, effective 1 January 2010.
Strader succeeds Frank Tempesta who is retiring after 46 years of service to Textron.
In his new role Strader will report directly to Textron President and COO, Scott Donnelly
Strader is currently chief operating officer of Textron Systems, a position he has held since April 2008. He joined Textron Systems in 2007 through Textron's acquisition of United Industrial Corporation (UIC) and its subsidiary, AAI. Prior to the acquisition, he was president and chief executive officer of UIC and had also led AAI's Defense System segment.
Comments on this story may be sent to admin@m2.com
Tags: acquisition ceo defense nyse president
Companies: Textron, Inc. (TXT)
Nov 16, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Textron (NYSE:TXT) on July 28, 2009 at $12.28.
Since then, Textron has returned 65.1% as of today's recent price of $20.27. Want to profit from these alerts?
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Tags: market nyse profit securities trial
Companies: Textron, Inc. (TXT)
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[ Published ] Originating Case Number:02-00053 District Court of Rhode Island, Providence [ <a
Akron Gear has teamed up with Messinger Bearing. We can now offer a complete line of large, custom bearing services, including design, new parts and repair & service.
MR Textron specialise in the supply, repair and overhaul of Aerospace control system components, specifically electrohydraulic servo valves. The company also undertakes marketing of the products of Textron, Inc. throughout Europe.
Aircraft Photo by Steve Nation, N48RX, Bell Helicopter Textron Canada 407, REACH Antelope Valley Hospital 2008 Bell Helicopter Textron Canada 407 on alert at Santa Rosa, CA home-base
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Textron Inc. (NYSE:TXT) leverages its global network of aircraft, defense and intelligence, industrial and finance businesses to provide customers with innovative solutions and ...
Founded in 1923 as the Special Yarns Company by Royal Little, Textron NYSE: TXT, today is a multi-industry company with a portfolio of familiar brands such as Bell Helicopter, E-Z ...
Textron Inc. long term shareholder investigation www.prlog.org. Textron Inc. long term shareholder investigation. Investigation over shareholder claims on behalf of current long ...
Information about Textron Incorporated ... RSS feeds allow Web site content to be gathered via feed reader software.
http://www.chicagotribune.com/topic/economy-business-finance/textron-incorporated-ORCRP015140.topic