Brief: Textron Announces Intent To Separate Its Industrial Segment, Enhancing Strategic Focus As A Pure-Play Aerospace And Defense Company
30/04/2026 11:49
April 30 (Reuters) - Textron Inc TXT.N: TEXTRON ANNOUNCES INTENT TO SEPARATE ITS INDUSTRIAL SEGMENT, ENHANCING STRATEGIC FOCUS AS A PURE-PLAY AEROSPACE AND DEFENSE COMPANY TEXTRON INC - MAY PURSUE SALE OR TAX-FREE SPIN-OFF OF INDUSTRIAL SEGMENT TEXTRON INC - SEPARATION TO CREATE PURE-PLAY AEROSPACE AND DEFENSE COMPANY TEXTRON INC - NEW TEXTRON EXPECTS OVER $12 BILLION 2026 REVENUES AND $19 BILLION BACKLOG TEXTRON INC - TARGETS SEPARATION COMPLETION WITHIN 12 TO 18 MONTHS Source text: ID:nBw3QB3jca Further company coverage: TXT.N ((Reuters.Briefs@thomsonreuters.com;))
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