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CRISTINA MÉNDEZ, the executive vice president and chief financial officer of Otis Worldwide Corp., has been elected to Textron’s board of directors. She will start Feb. 15. / COURTESY TEXTRON INC.

SEC filing of the week: Otis executive named to Textron’s board...

PROVIDENCE – Cristina Méndez, the executive vice president and chief financial officer at Otis Worldwide Corp., has been elected to Textron Inc.'s board of directors effective...

Textron CFO to retire, current VP to take over role

PROVIDENCE – Frank T. Connor will retire as chief financial officer of Textron Inc. in February 2025 and will be succeeded by David Rosenberg. In...

Textron posts $269M profit in Q3

PROVIDENCE – Textron Inc. earned a $269 million profit in the third quarter of 2023, an increase from $225 million one year prior, the company said...

Retired four-star general elected to Textron’s board of directors

PROVIDENCE – Retired four-star Gen. Michael X. Garrett has been elected to Textron Inc.'s 10-member board of directors, the aviation company has announced. Garrett has...

Textron finalizes purchase of European electric-powered aircraft manufacturer

PROVIDENCE – Manufacturing conglomerate Textron Inc. on Monday announced it has closed its acquisition of European electric-powered aircraft manufacturer Pipistrel for approximately $235 million.  Pipistrel,...
TEXTRON INC. has reported a $50 million profit for the first quarter of 2020. / COURTESY TEXTRON

Textron Q1 profit shrinks to $50M, pandemic cited

PROVIDENCE – Textron Inc. reported a profit of $50 million in the first quarter, a 72.1% decline year over year due to impacts from...
SALES OF NEW PRIVATE JETS increasing as inventory in the used private-jet market is tightening. Above, the Cessna Citation Latitude business jet. /BLOOMBERG FILE PHOTO/ORE HUIYING

At $9.7M a pop, private jets are luring buyers again

NEW YORK - If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap...
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