Textron Inc., US8832031012

Textron stock gets a USD 230 million Navy contract

Published on 10/08/2026 at 02:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Textron stock gains a USD 230 million Navy contract for two landing craft. Q2 revenue rose 3.0 percent to USD 3.83 billion before October 29 results.

Schwarzweiß-Dokumentaraufnahme von Technikern an einem Helikopter in Werkshalle — Schwarzweiß-Reportagefoto zeigt Techniker an unmarkiertem Helikopter, dokumentarischer Stil für Textron Inc. (US8832031027) Luftfahrtsektor, Illustration mit AI erstellt.

Textron Inc. (ISIN US8832031012) stock was last at USD 75.53 on the NYSE at the October 6, 2026 close, while Textron Systems secured a USD 230 million Navy contract modification. The award adds two Ship-to-Shore Connector craft to the production pipeline and gives the defense segment a concrete order catalyst.

USD 230 million Navy award

According to WorkBoat on October 6, 2026, the U.S. Navy awarded Textron Systems a USD 230 million contract modification for two additional Ship-to-Shore Connector craft.

The work covers engineering, manufacturing, quality control and testing at Textron Systems' New Orleans shipyard. Textron Systems had delivered 18 SSC craft to the Navy, with another 13 in production or testing, according to WorkBoat.

Q2 revenue rose 3.0 percent

Textron's latest reported quarter produced USD 3.83 billion in revenue, up 3.0 percent from the year-ago quarter, while earnings reached USD 1.62 per share. MarketBeat reported the figures and said Textron maintained fiscal 2026 EPS guidance of USD 6.40-6.60.

The quarterly result gives the Navy order a useful operating backdrop: the contract expands backlog visibility, while the full-year guidance keeps adjusted earnings as the main test for the October reporting date. The combination points to an order-supported defense narrative rather than a pure valuation story.

Analysts see USD 101.47 target

According to Stock Analysis, 16 analysts polled by S&P Global assign Textron a Buy consensus and an average 12-month target of USD 101.47. The published low target is USD 86 and the high target is USD 115.

Against the USD 75.53 October 6 close, the average target lies 34.34 percent above the price. The spread between the USD 86 low and USD 115 high also shows that analyst conviction is positive but not tightly clustered.

October 29 results set the next test

Textron said on September 29, 2026, that it will release third-quarter results on October 29, 2026, before the market opens. Management will discuss the results and outlook during an 8:00 a.m. ET conference call.

Textron stock was last at USD 75.53 on the NYSE at the October 6, 2026 close. The company enters the next results date with a USD 230 million defense award, USD 3.83 billion in quarterly revenue and fiscal 2026 EPS guidance of USD 6.40-6.60.