During the quarter, the U.S. Army ended the Future Attack Reconnaissance Aircraft scout helicopter and Shadow unmanned aircraft programs, developed at the...
- Textron is expanding its restructuring plan to include about 1,500 job cuts, it said on Thursday, after U.S. Army program cancellations and lower demand for some other products hit its business.
Textron's industrial segment, which reported a 4.29% decline in quarterly revenue, also saw lower consumer demand for some products at the Specialized Vehicles business and reduced demand for fuel systems from European automotive manufacturers.Textron said it plans to reduce its headcount by some 1,500 positions, or around 4% of its global workforce, under the expanded restructuring plan. The original plan did not mention job cuts.
Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.
U.S. Army Future Attack Reconnaissance Aircraft Consumer Demand
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