Aerospace and defense conglomerate, Textron to cut 1,500 jobs as program cancellations, weak demand hit results

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. During the quarter, the U.S. Army ended the Future Attack Reconnaissance Aircraft scout helicopter and Shadow unmanned aircraft programs...