Textron - Providence Business News

6 R.I. companies among Newsweek’s best workplaces

Business Services 07/11/2023

PROVIDENCE – Six Rhode Island companies are among Newsweek magazine's 2023 list of best workplaces in America. The national news magazine and its data partner,...

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

Economic Activity 07/05/2023

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 reports $193M Q1 profit, tops Wall Street estimates

Economy 04/28/2022

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

Economy 04/18/2022

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

Manufacturing 03/17/2022

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

Economic Activity 01/27/2021

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...

Coronavirus 06/19/2020

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

Business Services 02/05/2020

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

Economic Activity 02/04/2020

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...