Textron delays release of Q1 earnings
Textron has confirmed that it will delay the release of its Q1 FY2020 earnings report which was due to take place on 22 April.
Instead, the company now intends to release its earnings for the period on 30 April, citing the ongoing COVID-19 coronavirus outbreak as the reasoning behind the change of date.
A conference call will discuss the results and the company’s wider outlook for FY2020, according to a 10 April statement from Textron.
This conference call will also be recorded and made available on 30 April.
More from Defence Notes
-
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
-
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.