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
-
Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
-
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.