News & Events

Results of Operations and Financial Condition On April 30, 2026, Textron Inc. (“Textron” or the "Company") issued a press release announcing its financial results for the fiscal quarter ended April 4, 2026. This press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. A discussion of the reasons why management believes that the presentation of non-GAAP financial measures provides useful information to investors regarding Textron’s financial condition and resul…

Other Events. On April 30, 2026, Textron announced its intent to separate its Industrial segment, composed of Kautex and Textron Specialized Vehicles, from the Company’s core aerospace and defense businesses to enhance its strategic and operational focus and drive long-term value for stakeholders. Textron intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 30, 2026, the Board of Directors of Textron Inc. (“Textron”) elected Cristina Méndez as a member of the Board effective February 15, 2026. Ms. Méndez is Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation where she oversees a wide range of functions, including Investor Relations, Financial Planning and Anal…

Results of Operations and Financial Condition On January 28, 2026, Textron Inc. (“Textron”) issued a press release announcing its financial results for the fiscal quarter and year ended January 3, 2026. This press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. A discussion of the reasons why management believes that the presentation of non-GAAP financial measures provides useful information to investors regarding Textron’s financial condition and results o…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 26, 2025, the Board of Directors of Textron Inc. (“Textron”) elected Rob Mionis as a member of the Board effective March 1, 2025. Mr. Mionis is the President and Chief Executive Officer of Celestica Inc., a multinational leader in design, manufacturing, hardware platform and innovative supply chain solutions for a wide range of industrie…

Cost Associated with Exit or Disposal Activities

Other Events Textron Inc. is pursuing strategic alternatives for its Powersports product line within the Industrial segment’s Textron Specialized Vehicles (TSV) business. The consumer end market demand for powersports products continues to remain soft. As a result, and in conjunction with its annual operating plan process, TSV has begun to pause production of its powersports products as Textron’s management reviews strategic alternatives for the business. Upon completion of limited production…

Material Impairments. On November 28, 2023, the Board of Directors of Textron Inc. approved a restructuring plan developed by management in connection with the Company’s annual operating plan process. The plan will reduce operating expenses through headcount reductions at the Industrial, Bell and Textron Systems segments. In the Industrial segment, the plan includes headcount reductions at Textron Specialized Vehicles, resulting from lower demand for certain of our powersports products which…

Costs Associated with Exit or Disposal Activities.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On June 22, 2023, the Board of Directors of Textron Inc. (“Textron”) elected Michael X. Garrett as a member of the Board effective July 1, 2023. Garrett is a retired United States Army four-star general with nearly 40 years of service, most recently serving as Commanding General, United States Army Forces Command (FORSCOM), the largest command in th…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On December 6, 2022, the Board of Directors of Textron Inc. (“Textron”) elected Thomas A. Kennedy as a member of the Board effective January 1, 2023. Mr. Kennedy retired in June 2021 as the Executive Chairman of the Board of Directors of Raytheon Technologies. Prior to serving as Executive Chairman, Mr. Kennedy had been the Chairman and Chief Execut…

Regulation FD Disclosure Textron Inc. announced it has entered into an agreement to purchase each of Pipistrel D.O.O., Pipistrel Vertical Solutions D.O.O., and Pipistrel Italia S.r.l. (collectively, “Pipistrel”), a leader in electrically powered aircraft, based in Slovenia and Italy, for a cash purchase price of approximately €218 million. Pipistrel’s founder and CEO, Ivo Boscarol, will remain a minority shareholder of Pipistrel with an approximately ten percent (10%) interest, advising on fu…

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On February 23, 2022, the Board of Directors of Textron Inc. (“Textron”) elected Richard F. Ambrose as a member of the Board effective April 1, 2022. Ambrose will be retiring, effective March 1, 2022, as the Executive Vice President of Lockheed Martin Corporation’s Space business. Mr. Ambrose will serve on the Board’s Audit Committee and Organization and Compensation Committee. In his most r…