Textron Sale Rumors Fuel Stock Price Rebound | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Thu, Apr 09, 2009

Textron Sale Rumors Fuel Stock Price Rebound

Speculation Says Lockheed, Raytheon Could Be Potential Bidders

Textron's stock price remained buoyed at Wednesday's market close by rumors the company could soon be sold.

After soaring 9 percent on the rumor to close at $9.02 Tuesday on double its average volume, TXT gained another 1 percent Wednesday to finish at $9.11.

A deep recession is a great time to buy if you have cash. Over the past year, the stock has been as high as $65... and as low as $3.57. But who fits that profile? The Wichita Eagle reports the rumor mill has Lockheed Martin and Raytheon making the move. Analysts say, doubtful.

Textron may have unwittingly fueled the rumors with its announced strategy of thinning non-core industrial businesses to generate cash, and its recent cutbacks at Cessna.

Cowen and Company analyst Cai von Rumohr -- yes, that's his real name -- calls Cessna and Bell Helicopter Textron's "crown jewels." He tells the Eagle, "I think they don't want to sell any of their aerospace businesses. I'm pretty sure they're going to sit and wait and not make a move."

But, he adds, "It's not to say it couldn't happen at some point."

FMI: www.textron.com, www.cessna.com

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC