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TEXTRON is considering "strategic alternatives" for its Kautex business unit that could involve a sale, spinning the segment out or another type of transaction.

Textron looking at transaction possibilities for Kautex segment

PROVIDENCE – Textron Inc. is considering “strategic alternatives” for its Kautex business unit, the company announced Monday.Potential plans for the Bonn, Germany-headquartered business segment...
TEXTRON, maker of airplanes and helicopters, among other products, reported net income of $217 million in the second quarter of 2019, a 3.1% yearr-over-year decline. / COURTESY TEXTRON

Textron reports $217M in Q2

PROVIDENCE – Textron Inc. reported a profit of $217 million in the second quarter of 2019, or 93 cents per diluted share, a 3.1%...
TEXTRON INC. reported a profit of $179 million in the first quarter of 2019. / COURTESY TEXTRON INC.

Textron posts $179M profit in Q1

PROVIDENCE – Textron Inc. reported net income of $179 million, or 76 cents per diluted share, for the first quarter of 2019, a decline...
TEXTRON PRESIDENT AND CEO Scott C. Donnelly earned $13.9 million in 2018, a decline from $14.8 million in 2017. / COURTESY TEXTRON INC.

Textron’s Donnelly earns $13.9M in 2018

PROVIDENCE – Textron Inc. Chairman, President and CEO Scott C. Donnelly earned $13.9 million in 2018, a decline from $14.8 million one year prior,...
THE HUMAN RIGHTS CAMPAIGN Foundation Corporate Equality Index gave Blue Cross & Blue Shield of Rhode Island the only perfect score on its list for a company headquartered in the Ocean State.

BCBSRI earns perfect score on Corporate Equality Index

PROVIDENCE – Blue Cross & Blue Shield of Rhode Island earned a perfect score on the Human Rights Campaign Foundation Corporate Equality Index, measuring...
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.,...
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