Textron sees final certification of Longitude jet in third quarter

Reuters

Mon, Apr 22, 2019, 5:01 PM

In this article:

(This April 17 story corrects headline and first paragraph to say the certification is expected in the 'third' quarter, not the 'second')

(Reuters) - Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the third quarter of 2019, after it was delayed for several months.

The company is expecting major revenue growth in 2019 from the sales of the Longitude jet and said deliveries of the aircraft would begin in the third quarter of this year.

"We continue to coordinate closely with the Federal Aviation Administration as our engineer group works to complete the underlying documentation that is required under the FAA's design assurance process," Chief Executive Officer Scott Donnelly said.

(Reporting by Divya R and Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

Fed's Powell: PPI 'mixed,' next move unlikely to be a rate hike
Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more "mixed" than "hot" given that prior data was revised lower even as the figures for April came in higher than expected. "I wouldn't call it hot, I'd call it mixed," Powell said at an event in Amsterdam after the Labor Department released the Producer Price Index for April. Asked if the recent run of higher-than-expected inflation might mean that the Fed's policy rate is not sufficiently restrictive to return inflation to the Fed's 2% target, Powell said "time will tell."
Reuters
'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
Benzinga
Homes are overvalued in much of the U.S. — with these 5 states leading the list
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
MarketWatch
Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%
The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.
Investor's Business Daily
My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?
“How can I best do this in such a way that nobody is penalized from gift taxes and other costs?”
MarketWatch
The PPI Has Some Good News For The Fed; S&P 500 Flat Ahead Of CPI
Producer price index and consumer price index data both feed into the key Federal Reserve inflation rate.
Investor's Business Daily
AMC stock more than doubles amid meme craze as company completes $250 million share sale
AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.
Yahoo Finance
Prediction: These Are Wall Street's Next 3 Stock-Split Stocks to Follow Walmart and Chipotle Mexican Grill
Nearly a dozen high-profile companies have conducted a forward-stock split since the midpoint of 2021. Three prominent, time-tested businesses may be the next stock-split stocks.
Motley Fool
Southern States Sink As Seriously Underwater Home Mortgages Rise
According to a report released on May 9, 2024, the number of properties classified as seriously underwater is ticking up, with southern states bearing the brunt of the phenomenon. One in 37 homes with mortgages was considered seriously underwater during the first quarter, according to real estate data provider ATTOM's 2024 U.S. Home Equity & Underwater Report. That's up from one in 38 homes during the fourth quarter of last year. A mortgage is considered seriously underwater when the estimated l
Benzinga
Plug Power’s Stock Is Racing Higher. It’s Getting the Money for Green Hydrogen Plants.
The company says the loan will finance the development of up to six green hydrogen production companies.
Barrons.com

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Textron sees final certification of Longitude jet in third quarter

Recommended Stories

Fed's Powell: PPI 'mixed,' next move unlikely to be a rate hike

'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts

Homes are overvalued in much of the U.S. — with these 5 states leading the list

Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%

My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?

The PPI Has Some Good News For The Fed; S&P 500 Flat Ahead Of CPI

AMC stock more than doubles amid meme craze as company completes $250 million share sale

Prediction: These Are Wall Street's Next 3 Stock-Split Stocks to Follow Walmart and Chipotle Mexican Grill

Southern States Sink As Seriously Underwater Home Mortgages Rise

Plug Power’s Stock Is Racing Higher. It’s Getting the Money for Green Hydrogen Plants.