textron specialized vehicles layoffs 2020

Manufacturing cash flow before pension contributions, a non-GAAP measure, totaled $215 million, compared to $102 million last year. Returns as of 07/31/2020.No. Should we expect that to include a mix shift along the lines of what you talked about toward smaller? Please go ahead.Well, that's a very good question, Carter. Scott, just circling back on your comments about the -- at aviation on the aftermarket side, if we look at kind of the jet flight activity as kind of you mentioned, it does kind of look like a true V from what we saw the falloff from March and now July. Segment loss was 66 million in the second quarter, down from 102 million of profit last year primarily due to lower volume and the unfavorable impact of 27 million from performance, which included 53 million of idle facility costs recognized in the second quarter of 2020. So I would say in terms of aviation, I don't see such a dramatic change beyond probably that R&D profile. Backlog in this segment ended the quarter at 1.9 billion. You were paying down some debt in the quarter. The unmanned business continues to grow and do really well for us. In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under "Risk Factors", among the factors that could cause actual results to differ materially from past and projected future results are the following: Interruptions in the U.S. Government's ability to fund its activities and/or pay its obligations; changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries; our Finance segment's ability to maintain portfolio credit quality or to realize full value of receivables; performance issues with key suppliers or subcontractors; legislative or regulatory actions, both domestic and foreign, impacting our operations or demand for our products; our ability to control costs and successfully implement various cost-reduction activities; the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; pension plan assumptions and future contributions; demand softness or volatility in the markets in which we do business; cybersecurity threats, including the potential misappropriation of assets or sensitive information, corruption of data or, operational disruption; difficulty or unanticipated expenses in connection with integrating acquired businesses; the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue and profit projections; the impact of changes in tax legislation; and risks and uncertainties related to the impact of the COVID-19 pandemic on our business and operations.Textron Aviation backlog at the end of the second quarter was $1.4 billion.Industrial revenues of $562 million were down $447 million from last year, $321 million at Fuel Systems and Functional Components and $126 million at Textron Specialized Vehicles, primarily due to temporary manufacturing facility closures.Bell backlog at the end of the second quarter was $5.8 billion.Segment profit of $118 million was up $15 million, largely on higher military volume, partially offset by an unfavorable impact from performance.Bell delivered 27 commercial helicopters in the quarter, down from 53 last year.Adjusted net income (loss) and adjusted diluted earnings per share both exclude Special charges, net of taxes and an Inventory charge, net of taxes, related to the restructuring plan initiated in the second quarter of 2020. But if you look at the progression of biz jet cycles in both North America and Europe, our big markets, there was a pretty marked change from April to June, and so I would expect that the aircraft showing up and part consumption and service work will kind of lag that a little bit.

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