, 2022-12-06 16:02:00,
Today I was planning on writing a report on the third quarter results of Textron Inc. (NYSE:TXT). The report would analyze the results, highlight the impact of supply chain disruptions but also recognize the opportunities for the company. One thing was clear, the rating would have been a Buy also based on the contest that Textron was involved in. As an aerospace analyst there is never a dull day, and that also was not the case today. While I was writing the report on the Q3 results, the news broke that Textron was the big winner of the Future Long-Range Assault Aircraft (FLRAA) in the contest issued by the U.S. Army. I guess being an aerospace reporter, sometimes you don’t have enough hands to write about everything that is going on in the industry. That is somewhat unfortunate, because it also means at times news develops faster than we can keep pace writing.
Today’s award for the FLRAA is one example and it also means that some of the upside materialized before I could highlight the opportunity for investors and that is unfortunate. At The Aerospace Forum, I did have some one-on-one discussions with subscribers marking Textron as the favorite to be selected for the next generation assault aircraft. So, those subscribers had an edge and likely have made quite a rewarding investment decision since the news of the win has led to an after-hours pop of 8% for Textron stock.
What is Future Long-Range Assault Aircraft or FLRAA?
The Future Long-Range Assault Aircraft…
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