QUOTE AND NEWS
Flightglobal  Jul 25  Comment 
Textron Aviation announced on 24 July that the first full airframe test article for the Cessna Denali a single-engined, seven- to nine-seat turboprop is set to make its debut flight next year.
Motley Fool  Jul 22  Comment 
Investors shrugged off the earnings beat, but better news may be coming.
Flightglobal  Jul 21  Comment 
Textron Aviation has delivered its first fully configured Hawker 400XPR light business jet from its service centre in Wichita, Kansas to an unnamed Seattle-based company. The handover of the modified 400XP comes 10 months after the XPR upgrade...
Flightglobal  Jul 21  Comment 
Continued weakness in the turboprop market between April and June contributed to a $25 million fall in revenues for Textron Aviation, to $1.17 billion. However, the slide was partially offset by higher business jet deliveries and firmer pricing on...
Motley Fool  Jul 20  Comment 
The industrial conglomerate delivered an encouraging Q2 report, and affirmed its 2017 guidance. Here's what investors need to know.
Flightglobal  Jul 20  Comment 
Christi Tannahill: Textron Aviation senior vice president Interior Design and Engineering
SeekingAlpha  Jul 20  Comment 




 
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.


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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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