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Textron reports $193M Q1 profit, tops Wall Street estimates

PROVIDENCE – Textron Inc. on Thursday reported a $193 million profit in the first quarter, an 11.3% increase over a year ago that also...

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 to purchase European electric-powered aircraft manufacturer

PROVIDENCE – Manufacturing conglomerate Textron Inc. will add European electric-powered aircraft manufacturer Pipistrel to its aviation brands, the companies announced on Thursday. Following the agreed...
TEXTRON INC. reported a profit of $309 million profit in 2020, a decline from $815 million one year prior. / COURTESY TEXTRON AVIATION

Textron posts $309M profit in 2020

PROVIDENCE – Textron Inc. reported a $309 million profit in 2020, a decline from $815 million one year prior, the company announced Wednesday. Earnings per...
TEXTRON expects to layoff 6% of its workforce as it grapples with the impact of COVID-19 on its operations.

Textron to lay off up to 6% of workforce, citing COVID-19...

PROVIDENCE – Textron Inc. is planning layoffs, facility consolidations and other cost-saving measures to combat the impact of the COVID-19 pandemic, the company announced...
SOME RHODE ISLAND companies have put a ban on business travel to and from China as a result of the coronavirus outbreak. / BLOOMBERG NEWS FILE PHOTO/YIFAN DING

R.I. businesses respond to coronavirus outbreak

PROVIDENCE – As the coronavirus outbreak soars to more than 24,000 cases in China, Rhode Island businesses with ties to the country are orchestrating...
TEXTRON has been reported as being in talks with Bombardier to acquire the Canadian company's business jet unit.

WSJ: Bombardier in talks to sell jet unit to Textron

PROVIDENCE – Textron Inc. is engaged in talks with Bombardier Inc. to purchase its business-jets division, the Wall Street Journal reported on Tuesday. A completed...
TEXTRON REPORTED a profit of $815 million profit in 2019. / COURTESY TEXTRON

Textron reports $815M profit in 2019

PROVIDENCE – Textron Inc. earned an $815 million profit in 2019, a 33.3% decline year over year, the company said on Wednesday. Earnings per share...

2 R.I. chief investment officers named to most influential corporate...

PROVIDENCE – Two chief investment officers at companies based in Rhode Island were named among the top 10 most influential CIOs by industry news...
STEADY GROWTH: Richard Davia, managing director of creative and branding at (add)ventures, and Carli Kabilyo, assistant director of design and branding, add Post-it notes to a board at the company’s new offices in East Providence. / PBN PHOTO/RUPERT WHITELEY

Multidisciplinary focus on clients keeps (add)ventures consistently growing

2019 PBN Business Excellence Awards EXCELLENCE AT A MIDSIZE COMPANY: (add)ventures It’s been a good three decades for the Providence-based multi­disciplinary brand-culture and communications...

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