QUOTE AND NEWS
Flightglobal  Jul 22  Comment 
A competitor s tactics have reduced profit margins for the Cessna Citation Latitude even as demand is growing for Textron Aviation s latest business jet to enter service, says Textron chief executive Scott Donnelly.
newratings.com  Jul 22  Comment 
WASHINGTON (dpa-AFX) - Textron Inc. (TXT) announced a profit for its second quarter that advanced compared to the same period last year. The company said its bottom line advanced to $178 million, or $0.66 per share. This was higher than $169...
Flightglobal  Jul 18  Comment 
Despite an 80-year co-existence in Wichita, Kansas, surprisingly little overlap existed in 2014 when the newly-formed Textron Aviation combined the Beechcraft and Cessna product lines. The separate portfolios even shared a curiously common gap....
Forbes  Jul 11  Comment 
The best performing sector as of midday Monday is the Industrial sector, higher by 0.8%. Within the sector, Alliance Data Systems Corp. (NYSE: ADS) and Textron Inc (NYSE: TXT) are two large stocks leading the way, showing a gain of 4.5% and 3.5%,...
Forbes  Jul 11  Comment 
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dominos Pizza Inc. (NYSE: DPZ), where a total volume of 5,302 contracts has been traded thus far today, a contract volume which...
SeekingAlpha  Jun 24  Comment 
Clusterstock  Jun 6  Comment 
Continuing an ever-expanding trend, aircraft consumers are proving that one engine is actually better than two. And to capitalize on this change, Textron Aviation, parent company to famous aircraft manufacturers Cessna, Beechcraft, and Hawker,...
Flightglobal  May 24  Comment 
A static test aircraft and pieces of the first four of five planned flight test aircraft for the Cessna Citation Longitude are coming together on a makeshift assembly line inside the formerly empty bay of a Textron Aviation building known as Plant...
Flightglobal  May 10  Comment 
Textron Aviation has installed the first pair of winglets designed and manufactured by US engineering company Tamarack Aerospace on a Cessna Citation CJ1 light business jet. The Atlas winglets were fitted to the six-seat twin registration HB-VPF...




 
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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