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Top related persons:
Dwight Bennett - 1 Jeff Tuttle - 1 Goldman Sachs - 1 Abhinav Parmar - 1 Arun Koyyur - 1
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Wichita , Kansas Major Bengaluru
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Cessna - 1 REUTERS - 1 Textron - 1 Bell - 1 Textron Systems - 1 Major U.S - 1 Amazon.com - 1 Wall - 1

Search resuls for: "Textron Systems"


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☆ Cessna-maker Textron to cut 725 jobs as part of restructuring plan
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +1 min
Cessna employee Dwight Bennett works inside of a jet during a tour of the Cessna business jet assembly line at their manufacturing plant in Wichita, Kansas August 14, 2012. REUTERS/Jeff Tuttle/File Photo Acquire Licensing RightsNov 28 (Reuters) - Business jet maker Textron (TXT.N) said on Tuesday it would cut 725 jobs as part of its restructuring plan in an attempt to reduce operating expenses, sending its shares up more than 2% after the bell. The restructuring, which is likely to be completed in the first half of 2024, is expected to save nearly $75 million annually, Textron said. Textron's plan would result in a pre-tax special charge of $115 million to $135 million in the fourth quarter. The parent of Cessna business jets said charges related to restructuring and impairment would not impact its full-year financial outlook.
Persons: Dwight Bennett, Jeff Tuttle, Goldman Sachs, Abhinav Parmar, Arun Koyyur Organizations: Cessna, REUTERS, Textron, Bell, Textron Systems, Major U.S, Amazon.com, Wall, Thomson Locations: Wichita , Kansas, Major, Bengaluru
☆ Exclusive: Ukraine seeks US cluster bombs to adapt for drone use, lawmakers say
  + stars: | 2023-03-06 | by ( Jonathan Landay | ) www.reuters.com   time to read: +6 min
They said Ukrainian officials urged U.S. lawmakers at last month's Munich Security Conference to press for White House approval. Ukraine hopes cluster munitions will give it an edge in the grinding fight against Russian forces in eastern Ukraine. But cluster munitions could be a step too far for the administration and some in Congress. A 2008 pact prohibiting the production, use and stockpiling of cluster munitions has been adopted by 123 countries, including most of NATO's 28 members. "And cluster munitions really are pretty lethal to mass formations as well as armor.
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