PROVIDENCE, R.I.--(BUSINESS WIRE)--Aug 24, 2026--
Textron Inc. (NYSE: TXT) today announced the appointment of Brian Rohloff as president and CEO of its Textron Aviation segment, effective August 31, 2026. Rohloff succeeds Ron Draper, who announced his retirement after more than 27 years with Textron, including the past eight years leading Textron Aviation.
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"Brian is a proven leader who brings a deep understanding of our business, our products, our customers and our industry," said Lisa Atherton, president and CEO of Textron Inc. "Throughout his 29-year career with Textron Aviation, Brian has demonstrated strong leadership across multiple functions and has built trusted relationships with employees, customers and suppliers. I am confident he will continue to build on Textron Aviation's strong foundation and drive the business for growth and continued success."
Rohloff has held leadership positions at Textron Aviation spanning customer support, sales, supply chain and quality throughout his career, providing a broad perspective across the business. Most recently, he served as senior vice president, Customer Support, where he led Textron Aviation's global customer support operations. Previous roles at Textron Aviation include vice president, Quality; vice president, Sales; senior product director for the Citation XLS+ and Citation X; and director of Paint Operations. He is a graduate of Wichita State University.
Commenting on Draper’s retirement, Atherton said: "I want to thank Ron for his outstanding leadership and many contributions to Textron throughout his career. Under his guidance, Textron Aviation strengthened its position as an industry leader, expanded its product portfolio and fostered a culture centered on pride, quality and safety. We are grateful for his service and wish him the very best in retirement.”
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO and Textron Systems. For more information visit: www.textron.com.
Brian Rohloff
NEW YORK (AP) — U.S. stocks are drifting Monday ahead of a week packed with potentially market-moving events. The areas of the bond market that the U.S. Treasury Department is trying to calm down, meanwhile, eased a bit.
The S&P 500 slipped 0.3% and pulled a bit further from its all-time high set earlier this month. The Dow Jones Industrial Average was up 49 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.
Tech stocks led the way downward following big swings through the summer on worries that the frenzy around artificial-intelligence technology sent prices too high and that the huge demand for AI chips won’t be sustainable if they don’t produce enough profits.
Chip giant Nvidia has been a tremendous winner of the AI boom and become Wall Street’s largest and most influential stock because of it. It will deliver its latest quarterly earnings report on Wednesday, which could dictate the next big move for AI-related stocks.
Nvidia slipped 0.7% and was one of the heaviest weights on the S&P 500, where the majority of stocks were rising. Drops of 5.5% for Micron Technology and 1.5% for Broadcom also helped drag the index lower.
The other big factor moving stocks recently has been the bond market, where longer-term Treasury yields climbed through the summer on worries about high inflation, huge government debts and other factors. High yields make it more expensive for everyone to borrow, not just the government, and have already been pushing up mortgage rates and hurting the housing industry.
The U.S. Treasury Department announced a surprise move last week to increase the size of planned buybacks of Treasurys, which could help ease the rise in yields for 10- and 30-year Treasurys. But analysts warned the move could have only a limited effect because of how small the size of the buybacks are and how they do not fix the fundamental problems of too-high debt for the U.S. government and expensive oil prices because of the war with Iran.
On Monday, the yield of the 10-year Treasury eased to 4.70% from 4.74% late Friday and is back below where it was late Tuesday, before the U.S. Treasury Department made its surprise announcement.
Analysts warn the U.S. government’s attempts to push longer-term yields downward could ultimately mean higher pressure on inflation. Inflation already is higher than nearly everyone would like and has been for years.
That raises the pressure on the Federal Reserve to raise the federal funds rate that it controls, which affects very short-term overnight loans. When the Fed raises that rate, it can help keep a lid on inflation by trying to slow the overall economy and undercutting prices for stocks and other investments.
The Fed’s new chairman, Kevin Warsh, is set to deliver a speech on Friday at an economic symposium in Jackson Hole, Wyoming. The mountain setting has provided the backdrop for major Fed policy announcements in the past, but investors are unsure of what they may get from Warsh this time around.
Warsh has insisted that he wants to give financial markets fewer clues about what the Fed will do with interest rates, hoping that markets react more to incoming data about the economy and inflation than to what the Fed is signaling.
Helping to curb some of the worries on inflation Monday was a drop in oil prices. Brent crude fell 1.3% to $91.51 per barrel.
Last month it zigzagged between $72 and $102 as hopes rose and fell that the United States and Iran could reach a deal that would allow oil tankers to freely exit the Persian Gulf again.
In stock markets abroad, indexes dipped around much of the world. South Korea’s Kospi fell 3.1%, and Hong Kong’s Hang Seng dropped 1.9% for two of the biggest moves.
Seoul has been home to some of the world’s sharpest swings this summer because it is dominated by two tech titans benefiting from the AI boom, Samsung Electronics and SK Hynix.
AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report.
Options traders work on the floor of the New York Stock Exchange in New York, Friday, Aug. 21, 2026. (AP Photo/Yuki Iwamura)
Specialists Dilip Patel, right, and Dylan Halvorsen work on the floor of the New York Stock Exchange in New York, Friday, Aug. 21, 2026. (AP Photo/Yuki Iwamura)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Aug. 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 21, 2026. (AP Photo/Ahn Young-joon)
People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Aug. 24, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks by an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Aug. 24, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A surveyor works in front of a stock market chart Monday, Aug. 24, 2026 in Tokyo. (AP Photo/Eugene Hoshiko)
