QUOTE AND NEWS
Motley Fool  Jul 17  Comment 
Analysts shift stance on Dollar Tree, PetSmart, and Textron.
Benzinga  Jul 17  Comment 
In a report published Thursday, Morgan Stanley analyst John D. Godyn reiterated an Equal-Weight rating on Textron (NYSE: TXT). In the report, Morgan Stanley noted, “2Q14 EPS beat of $0.51 was above our est. of $0.45 and cons. of $0.46. TXT's...
Market Intelligence Center  Jul 17  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Textron Inc. (TXT) today after it closed at $39.00 on Wednesday. For more conservative investors,...
SeekingAlpha  Jul 16  Comment 
Textron, Inc. (NYSE:TXT) Q2 2014 Results Earnings Conference Call July 16, 2014 08:00 AM ET Executives Doug Wilburne - VP of Investor Relations Scott Donnelly - Chairman and CEO Frank Connor - Chief Financial Officer ...
Motley Fool  Jul 16  Comment 
Depending on how you look at the numbers, Textron could be anything from a fairly valued stock... to a screaming bargain.
Wall Street Journal  Jul 16  Comment 
TheStreet.com  Jul 16  Comment 
NEW YORK (TheStreet) -- Textron shares are up 2.8% to $39.65 in pre-market trading after the company's aerospace division helped spur revenue growth during the second quarter earnings period.The company reported a 27.5% year over year quarterly...
Market Intelligence Center  Jul 16  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center  are highlighting two trades on Textron Inc. (TXT) today after it closed at $38.37 on Tuesday. For more conservative investors,...
Market Intelligence Center  Jul 15  Comment 
For a hedged play on Textron Inc. (TXT) MarketIntelligenceCenter.com’s patented trade-picking algorithms selected a Sep. '14 $37.00 covered call for a net debit in the $35.91 area. That is also the break-even stock price for the covered call....
Forbes  Jul 14  Comment 
Optimism surrounds Textron, as it gets ready to report its first quarter results on Wednesday, July 16, 2014. Analysts are expecting the company to book a profit of 47 cents a share, up from 40 cents a year ago.Over the past three months, the...




 
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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