Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Textron (TXT) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.Textron is a member of the Aerospace sector. This group includes 46 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average ...

Textron Inc. (TXT) , with a strong backlog and rising earnings estimates, offers a great investment opportunity in the Aerospace Defense sector.Let’s focus on the reasons that make this Zacks Rank #2 (Buy) stock a promising investment pick at the moment.Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for TXT’s 2024 earnings per share (EPS) has increased 8.66% to $6.27 per share in the past 60 days. The Zacks Consensus Estimate for Textron’s total revenues for 2024 stands at $14.64 billion, ...

Have you been paying attention to shares of Textron (TXT) ? Shares have been on the move with the stock up 8.7% over the past month. The stock hit a new 52-week high of $93.71 in the previous session. Textron has gained 15.8% since the start of the year compared to the -2% move for the Zacks Aerospace sector and the -4.6% return for the Zacks Aerospace - Defense industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus ...

Textron Inc.’s (TXT) business unit, Textron Aviation, recently secured an award for the delivery of two Cessna Grand Caravan EX turboprop aircraft. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL.The aircraft will be owned and operated by the Djiboutian Air Force.What’s Favoring Textron?Nations are reinforcing their military capabilities to strengthen their defense structure in a growing threat environment and aircraft operators are planning network expansions. In this ...

Textron Inc.’s (TXT) business unit, Bell, recently secured a contract involving the AH-1Z helicopters. The award has been offered by the Naval Air Systems Command Patuxent River, MD.Details of the DealValued at $455 million, the contract is expected to be completed by July 2028. Per the terms of the deal, TXT’s Bell unit will manufacture and supply 12 AH-1Z helicopters to the government of Nigeria. Along with this, it will also provide associated engineering, program management and logistics support, and no ...

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the award of a contract by the U.S. Army Contracting Command, Redstone Arsenal, AL, for two Cessna Grand Caravan EX turboprop aircraft. The aircraft will be owned and operated by the Djiboutian Air Force (DAF). This acquisition is the third delivery order under a recently established indefinite delivery, indefinite quantity (IDIQ) contract that allows up to $100 million U.S. dollars for the acquisition of Textron Aviation aircraft over a five- ...

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WASHINGTON, DC - OCTOBER 11: A Bell Textron Inc. display is seen at the Association of the U.S. Army ... [+] (AUSA) Annual Meeting's exposition hall at the Walter E. Washington Convention Center on October 11, 2023 in Washington, DC. The Association of the U.S. Army’s Annual Meeting is designed to highlight the Army’s message by providing informative and relevant presentations on the State-of-the-Army, panel discussions and seminars on military and national security subjects and networking events. (Photo by ...

Have you been paying attention to shares of Textron (TXT) ? Shares have been on the move with the stock up 3.8% over the past month. The stock hit a new 52-week high of $89.29 in the previous session. Textron has gained 10.8% since the start of the year compared to the -1.2% move for the Zacks Aerospace sector and the -3.7% return for the Zacks Aerospace - Defense industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings co ...

TAMPA, Fla.--(BUSINESS WIRE)--TRU Simulation announced today the company has been awarded the Multi-Engine Training System (METS) Ground Based Training System (GBTS) contract by Naval Air Warfare Center – Training Systems Division (NAWCTSD). The contract base award is for three Unit Training Device (UTD) simulators in a King Air 260 standard configuration, one Operational Flight Trainer (OFT) simulator in the METS T-54A configuration, one Simulator Support Station (SSS) in the METS T-54A configuration and 2 ...