Latest News

Dow Jones Newswires: Textron wins U.S. Army development contract, shares surge 8%


Shares of Textron Inc.

were trading higher in Monday’s after-hours session following the company’s announcement it was awarded the development contract for the U.S. Army’s Future Long-Range Assault Aircraft program.

The award is based on Bell’s V-280 Valor tiltrotor, the company said, adding “the initial contract refines the weapon system design, sustainment, digital enterprise, manufacturing, systems integration, flight-testing, and airworthiness qualification.”

Textron shares rose 7.9% in after-hours trading at $75.48 a share. The stock finished the day’s regular session with a 1.96% loss at $69.90 per share.

Year to date, the stock is down by more than 9%.

The Wall Street Journal: PepsiCo to lay off hundreds of workers in its snacks and beverages divisions

Previous article

Dow Jones Newswires: News Corp says Murdoch won’t pursue merger with Fox unless it’s recommended by independent board committee

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News