QUOTE AND NEWS
TheStreet.com  Sep 26  Comment 
NEW YORK (TheStreet) -- Shares of Textron Inc. are up 2.08% to $36.28 in early morning trading after the company's rating was raised to "buy" from "hold" at Stifel, Nicolaus. Stifel says it increased the multi-industry company to a "buy" rating...
Forbes  Sep 25  Comment 
The most recent short interest data has been released by the NASDAQ for the 09/15/2014 settlement date, which shows a 1,312,827 share decrease in total short interest for Textron Inc. (NYSE: TXT), to 7,179,634, a decrease of 15.46% since...
Forbes  Sep 24  Comment 
We figure Textron is poised for solid top line growth in the near term driven by rising global demand for its Bell commercial helicopters and growing sales of its industrial products from the emerging countries. On the flip side, low margins at...
Market Intelligence Center  Sep 19  Comment 
The patented option trade-picking algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered call trade on Textron Inc. (TXT) that includes 7.73% downside protection. Sell one contract of the Dec. '14...
DailyFinance  Sep 9  Comment 
Textron AirLand, LLC, a joint venture between Textron Inc. (NYSE: TXT) and AirLand Enterprises, LLC, will bring its Scorpion ISR/Strike jet to Washington, DC for the duration of the Air Force Association’s Air & Space...
SeekingAlpha  Aug 28  Comment 
By Sean Dalton: Textron Inc. (NYSE: TXT), a diversified manufacturer is most widely known for its Cessna aircraft, of which the company has captured 41% of the private business jet market worldwide. After that comes Bell Aviation, the helicopter...
Motley Fool  Aug 25  Comment 
The U.S. Army has named two teams to build prototype "future" helicopters in a contract that could be worth $100 billion. Which team would win, and which team should we want to win?
Market Intelligence Center  Aug 19  Comment 
Textron Inc. (TXT) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $37.74 and $38.08 on Monday before closing at $37.97. A diagonal spread using a long position in the Jan. '16 $20.00 call and...
DailyFinance  Aug 14  Comment 
Textron AirLand, LLC, a joint venture between Textron Inc. (NYSE: TXT) and AirLand Enterprises, LLC, today announced that its Scorpion aircraft has completed operations in support of VIGILANT GUARD 2014, a Northern Command and...
Reuters  Aug 12  Comment 
A team of Boeing Co and Sikorsky Aircraft Corp and Textron Inc's Bell Helicopter have been selected to build prototypes of a multi-role vertical-lift aircraft as part of the U.S. Army's plan to replace thousands of helicopters.




 
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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