Textron weighs options for off-road vehicles business, pauses production

Textron is reassessing its Powersports unit due to weak demand, pausing production, and anticipating increased special charges from its restructuring plan.

Vietnam seeks to boost domestic defence industry as it hosts arms fair

Vietnam showcases its local weapons industry at an international arms fair, aiming to enhance defense capabilities and promote exports amidst diverse global participants, including rivals.

Hurricanes, strikes seen denting US job growth as Americans prepare to vote

U.S. job growth is expected to slow in October due to hurricanes and strikes, but the labor market remains stable ahead of the upcoming presidential election.

US October nonfarm payrolls seen taking a hit from striking aerospace, hotel workers

U.S. nonfarm payrolls may drop by 41,000 in October due to strikes at Boeing and several hotel chains, alongside job losses from hurricanes, as per government data.

Earnings call: Textron reports mixed Q3 results amid Aviation challenges

Textron Inc. reported mixed Q3 2024 earnings with slight revenue increase but declining income, impacted by a strike. Future growth anticipated in 2025 despite challenges.

Textron lowers annual profit forecast on impact from Wichita strike

Textron reduced its 2024 profit forecast due to a strike affecting operations, impacting third-quarter results and revenue. A new CFO, David Rosenberg, has been appointed.

Textron shares fall 3% as FY guidance cut, Q3 results disappoint

Textron Inc. reported disappointing Q3 earnings, lowered its full-year outlook, and faced labor disruptions, but its Bell segment saw increased backlog after a key milestone.

Boeing shares rise after labor offer but analysts wary of worker pushback

Boeing shares rose due to a potential labor contract. 33,000 workers will vote on a proposal for a 35% pay increase amidst ongoing strikes affecting production.

Boeing suppliers fear long-term jobs hit from strike