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TEXTRON REPORTED $1.2 billion in profit in 2018, in part due to a $419 million post-tax gain from selling its Tools & Test Equipment product line. / COURTESY TEXTRON

Textron reports $1.2B profit in 2018

PROVIDENCE – Textron Inc. reported net income of $1.2 billion for 2018, nearly quadrupling its 2017 earnings of $307 million, according to a company...
THREE RHODE ISLAND companies were named to the Wall Street Journal's Management Top 250 list this year. Hasbro was the highest of the three at No. 77. / COURTESY HASBRO INC.

3 R.I. companies make WSJ’s Management 250 list

PROVIDENCE – Three Rhode Island headquartered companies were named to the Wall Street Journal and the Drucker Institute’s 2018 Management Top 250 list released Friday. Hasbro...
THE U.S. NAVY is proposing a 20 percent cut in its planned fleet of new hovercraft being built by Textron Inc.

Textron’s landing hovercraft cut 20% in U.S. Navy 5-year plan

NEW YORK - The U.S. Navy is proposing a 20 percent cut in its planned fleet of new hovercraft being built by Textron Inc....
TEXTRON REPORTED A $563 million profit in the third quarter, largely due to the $410 million post-tax gain from selling its Tools & Test Equipment product line. / COURTESY TEXTRON

Textron Q3 profit jumps on product line sale, revenue declines

PROVIDENCE – Textron Inc. reported a $563 million net income for the third quarter, or $2.26 per diluted share, a 254 percent increase from...
TEXTRON AVIATION has entered into an agreement to provide up to 325 aircraft to NetJets, a private aviation company. Above, the Cessna Citation Longitude, one of the planes that Textron will provide to NetJets. / COURTESY TEXTRON INC.

Textron reaches agreement to sell NetJets up to 325 aircraft

PROVIDENCE – Textron Inc. has reached a deal to sell up to 325 aircraft over the next 10 to 15 years to NetJets Inc.,...
BELL HELICOPTER has signed an agreement with Garmin International related to the development and integration of a autonomous vehicle management computer for its VTOL aircraft, seen above as an air taxi. / COURTESY TEXTRON

Bell Helicopter signs deal with Garmin for urban air travel collaboration

PROVIDENCE – Bell Helicopter, a Textron Inc. subsidiary, signed a teaming agreement with Garmin International Inc. on the development and integration of autonomous vehicle...
TEXTRON reported net income of $224 million in the second quarter of 2018, largely driven by a $50 million profit increase in the company's aviation segment. / COURTESY TEXTRON AVIATION

Textron reports $244M profit in second quarter

PROVIDENCE – Textron Inc. reported net income of $224 million in the second quarter, $71 million more than the $153 million the company reported...
TEXTRON has completed the sale of its Tools & Test businesses and brands to Emerson Electric.

Textron completes $810M sale of Tools & Test brands and businesses

PROVIDENCE – Textron Inc. has closed its sale of its Tools & Test businesses and brands to Emerson Electric Co. for $810 million in...
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...
CVS HEALTH CORP. ranked No. 7 on the Fortune 500 list based on 2017 revenue. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

4 R.I. companies make Fortune 500 list

PROVIDENCE – Four Rhode Island-based companies have made the Fortune 500, a list of the largest United States corporations based on 2017 revenue that...
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