QUOTE AND NEWS
Flightglobal  5 hrs ago  Comment 
Loch Lomond Seaplanes has taken delivery of a new Cessna 208 Caravan amphibian. The $2.7 million, single-engined turboprop touched down at the operator's base near Glasgow, Scotland on 24 April, following a four day, seven-leg, 4,350nm (8,050km)...
SeekingAlpha  Apr 27  Comment 
Flightglobal  Apr 26  Comment 
Textron Aviation recorded a modest increase in business aircraft deliveries for the first quarter of 2016 on the back of rising output for the Citation Latitude.
Motley Fool  Apr 26  Comment 
But unless it can repeat that feat -- again and again and again -- this stock looks overpriced.
Motley Fool  Apr 24  Comment 
Billions in new revenue could soon begin flowing to Boeing and Textron.
Benzinga  Apr 20  Comment 
Textron Inc. (NYSE: TXT) disclosed its income from continuing operations advanced 19.6 percent to $0.55 a share from $0.46 a share thus beating the Street expectations by $0.02 a share. Its net income grew 17.2 percent to $150 million from $128...
newratings.com  Apr 20  Comment 
WASHINGTON (dpa-AFX) - Textron Inc. (TXT) revealed a profit for its first quarter that advanced compared to the same period last year. The company said its bottom line climbed to $150 million, or $0.55 per share. This was higher than $128...
SeekingAlpha  Apr 20  Comment 
Yahoo  Apr 19  Comment 
The 10-year deal strengthens Textron's ties to Boeing and gives it a grip on full flight simulation for one of the planemaker's signature long-haul aircraft, whose older models relied on rival suppliers CAE Inc (CAE.TO) and L-3 Communications...
Motley Fool  Mar 24  Comment 
It's a very big contract for Textron. But what does it mean for Textron stock?
Forbes  Mar 21  Comment 
Once the world economy started slowing in 2007, Textron changed how it approached innovation in order to bring new aircraft and helicopters to market quicker, and with more cutting-edge technologies, than ever before. “We went from asking,...




 
TOP CONTRIBUTORS

Textron (NYSE: TXT) makes the best-selling Cessna small aircraft and military helicopters.[1] Cessna represents 42% of the Textron's 2009 revenues. Textron's military segment, Bell, makes the Osprey Tilt-rotor aircraft and is dependent on U.S. military contracts, which account for 27% of total sales. The company acquired United Industrial (UIC) in 2007, expanding its business into the growing unmanned military market.[2]

Textron also has a stable but low-margin plastic business that makes parts for use in a wide range of consumer products such as cars, plumbing, and electrical connections.[3] Textron competes against large companies like Boeing Company (BA) and Raytheon Company (RTN) for government contracts and Bombardier (BBD.B) and General Electric Company (GE) within the aircraft and Industrial supplies sector.

In 2009, Textron had total revenues of $10.5 billion. Despite this, Textron posted a net loss of $31 million in 2009. The loss in 2009 is largely because Textron's revenues in 2009 were significantly lower than the $14.25 billion in 2008 revenues, which allowed Textron to earn a net income of $344 million.


Your articles are for when it absolutely, psoitivley, needs to be understood overnight.

Competition

Textron competes against a wide variety of companies for government contracts and for private customers. Textron also competes against a large number of companies whose products rival the Bell, Cessna, and Industrial segments. These companies include:

  • Boeing Company (BA) which competes against Textron's Cessna and Bell segments. Although the two companies work in association on some projects, like the V-22 Osprey, they compete for contracts and customers on most ventures.[4]
  • United Technologies (UTX) which owns Pratt and Whitney, the leader in terms of sales of business and small aircraft jet engines.[5]
  • Raytheon Company (RTN) competes for government contracts in the fields of defense systems and technological services.[6] Raytheon and Textron compete for many of the same contracts.
  • Bombardier (BBD.B) is the 3rd largest producer of civilian aircraft and competes against the Cessna segment of Textron.[7]
  • Honeywell International (HON) produces automotive supplies, engines, and turbo chargers which compete with the Industrial segment of Textron.
  • ITT Corporation (ITT) produces defense electronics for the U.S. military in addition to highly engineered products for military aircraft and gears and shock absorbers for general aviation.[8]

References

  1. Google Finance:"Textron Inc"
  2. Boston Globe Business: "Textron buys United Industrial Unmanned Army aircraft target of $1.1b purchase"
  3. TXT 10-K 2009 Item 1 Pg. 3
  4. Google Finance: "The Boeing Company"
  5. Eclipse Aviation "Eclipse Finds an Engine for Its Jet"
  6. Google Finance: "Raytheon Company"
  7. Hoovers Bombardier Inc. "Bombardier Company Description"
  8. Reuters: ITT Corp
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