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# Textron Lifts MV-75 Charge Estimate To $110 Million-$150 Million As Stock Jumps 13.6%
- URL: https://www.bullished.co/textron-lifts-mv-75-charge-estimate-to-110-million-150-million-as-stock-jumps-13-6-9b6c41d7/
- Published: 2026-10-29T15:21:18.000Z
- Updated: 2026-10-29T15:21:18.000Z
- Description: The award of Bell's helicopter production option now depends on a fiscal 2027 federal budget, even as Textron raised its full-year earnings outlook.
- Author: Matteo Parrino
- Tags: Earnings, TXT, Industry: Industrials

[Textron](https://www.bullished.co/tag/txt/), the maker of Cessna jets, Bell helicopters and Textron Systems defense gear, now expects a bigger accounting hit when it wins production work on the Army's MV-75 aircraft: an unfavorable [$110 million to $150 million](https://www.sec.gov/Archives/edgar/data/0000217346/000021734626000044/txt-20261003.htm?ref=bullished.co) if the award comes during 2027, its quarterly report says. Shares jumped 13.6% in Thursday trading as of 11:16 a.m. ET, after the company also raised its full-year earnings guidance.

## A wider range and a later clock

The charge is a cumulative catch-up adjustment, an accounting entry Bell expects to book when it is awarded the low-rate initial production option, which is largely fixed price. Textron says the entry reflects higher costs than anticipated when the program was bid. It still expects the overall MV-75 program to keep a positive profit margin after the adjustment.

The [prior quarter's filing](https://www.sec.gov/Archives/edgar/data/0000217346/000021734626000036/txt-20260704.htm?ref=bullished.co) put the range at $60 million to $110 million, assuming an award in late 2026 or early 2027\. The new filing instead makes the award dependent on approval of the government's fiscal 2027 budget, the timing and availability of MV-75 funding in it, and an agreed program schedule. The final figure depends on when in 2027 the award lands.

## The $300 million rescue is done

Bell ran out of fiscal 2026 MV-75 money in mid-July and kept working at its own risk. The Army's request for $350 million in extra funds was then approved and obligated at approximately $300 million before the quarter ended, so no catch-up adjustment was needed in the third quarter.

The prior filing had warned of a downside of up to about $120 million if the money never came, and that language is gone. So is its reference to a $2.3 billion MV-75 funding level for fiscal 2027 in the defense spending plan.

## Shutdown risk and a weaker Bell quarter

A continuing resolution enacted September 2 funds the government through December 11, 2026, generally at fiscal 2026 levels. The risk factors now say a prolonged shutdown could disrupt programs, including MV-75, and limit the government's ability to make timely payments.

Bell's third-quarter segment profit fell 17% to $76 million as revenue dropped 9% to $933 million, with lower MV-75 volume behind much of the military decline. Across Textron, [revenue rose 4% to $3.8 billion](https://seekingalpha.com/news/4660012-textron-non-gaap-eps-of-1%5F76-beats-by-0%5F32-revenue-of-3%5F8b-beats-by-30m?ref=bullished.co), and adjusted earnings were $1.76 a share, up from $1.55\. Full-year adjusted EPS guidance rose to $6.55 to $6.65 from $6.40 to $6.60, and the company says the update reflects Congressional approval of the Army funding request.

The next test is December 11, when the continuing resolution expires and the budget that governs the MV-75 production award is still unsettled.

### Sources

- [10-Q Filing — Textron (TXT)](https://www.sec.gov/Archives/edgar/data/0000217346/000021734626000044/txt-20261003.htm?ref=bullished.co) — SEC EDGAR
- [10-Q Filing — Textron (TXT), Q2 FY2026 filed 2026-07-28 (comparison basis)](https://www.sec.gov/Archives/edgar/data/0000217346/000021734626000036/txt-20260704.htm?ref=bullished.co) — SEC EDGAR
- [Earnings release (8-K Item 2.02, q320268-kex991.htm) — Textron, filed 2026-10-29](https://www.sec.gov/Archives/edgar/data/0000217346/000021734626000043/q320268-kex991.htm?ref=bullished.co) — SEC EDGAR
- [Textron Non-GAAP EPS of $1.76 beats by $0.32, revenue of $3.8B beats by $30M (TXT:NYSE) | Seeking Alpha](https://seekingalpha.com/news/4660012-textron-non-gaap-eps-of-1%5F76-beats-by-0%5F32-revenue-of-3%5F8b-beats-by-30m?ref=bullished.co) — seekingalpha.com
- [Textron Reports Third Quarter 2026 Results; Raises Full Year Adjusted EPS and Cash Flow Outlook – Company Announcement - FT.com](https://markets.ft.com/data/announce/detail?dockey=600-202610290630BIZWIRE%5FUSPRX%5F%5F%5F%5F20261029%5FBW612694-1&ref=bullished.co) — Financial Times
- [Textron (TXT) Q3 Earnings Beat Estimates](https://finance.yahoo.com/markets/stocks/articles/textron-txt-q3-earnings-beat-104506099.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [Textron Gears Up to Report Q3 Earnings: Here's What to Expect](https://finance.yahoo.com/markets/stocks/articles/textron-gears-report-q3-earnings-141700603.html?ref=bullished.co) — Yahoo Finance
- [Textron (TXT) Reports Q3 Earnings: What Key Metrics Have to Say](https://finance.yahoo.com/markets/stocks/articles/textron-txt-reports-q3-earnings-123009845.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance

### More on Textron

- [Textron Stock Soars 12%, Adding $1.6 Billion, After Raising Full-Year Profit Outlook](https://www.bullished.co/textron-stock-soars-12-adding-1-6-billion-after-raising-full-year-profit-outlook-baf953c5/)
- [Textron CFO Says MV-75 Charge Would Rise To 110 To 150 If Production Award Slips Into Next Year](https://www.bullished.co/textron-cfo-says-mv-75-charge-would-rise-to-110-to-150-if-production-award-slips-into-next-54c0da06/)
- [Textron CEO Lisa Atherton: 'I Am Open To Something Transformational' As Industrial Spin Proceeds](https://www.bullished.co/textron-ceo-lisa-atherton-i-am-open-to-something-transformational-as-industrial-spin-07d244f3/)

[All Textron (TXT) coverage →](https://www.bullished.co/tag/txt/)