QUOTE AND NEWS
SeekingAlpha  Apr 2  Comment 
By Ivan Kitov: Here, we model the evolution of Textron's (TXT) stock price. TXT is a company from the industrial goods sector which "operates in the aircraft, defense, industrial and finance businesses worldwide." The model has been obtained using...
Wall Street Journal  Apr 2  Comment 
In an age of budget-busting weapons programs and tighter defense purse strings, Textron is betting it can sell a cut-rate military jet assembled in part from off-the-shelf components.
DailyFinance  Apr 1  Comment 
ORLANDO, FL--(Marketwired - April 01, 2014) - Textron Simulation & Training Systems, a Textron Inc. (NYSE: TXT) company, today launched its new name and brand -- TRU Simulation + Training Inc., a new force in the aviation simulation and training...
DailyFinance  Mar 26  Comment 
AUSTIN, TX--(Marketwired - March 26, 2014) - Overwatch Intelligence Solutions, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that the U.S. Army Civil Affairs and Psychological Operations Command...
SeekingAlpha  Mar 15  Comment 
By Confero: On March 14 Textron (TXT) announced that the acquisition of Beechcraft Corporation was closed and Cessna and Beechcraft would form the new Textron Aviation division. Although the acquisition of Beechcraft is still risky, the...
DailyFinance  Mar 5  Comment 
AUSTIN, TX--(Marketwired - March 05, 2014) - Overwatch Intelligence Solutions, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today the release of its iCommand™ 1.0 mission command solution. The new software...
StreetInsider.com  Feb 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Jefferies+Starts+Textron+%28TXT%29+at+Buy%2C+Sees+Possible+Div.+Hike+in+2015/9223122.html for the full story.
DailyFinance  Feb 26  Comment 
The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on April 1, 2014 to shareholders of record as of March...
DailyFinance  Feb 26  Comment 
SCOTTS VALLEY, CA -- (Marketwired) -- 02/26/14 -- Catbird, the leader in security policy automation and enforcement for private clouds and virtual infrastructures, announced today it has entered into a partnership with Trapezoid, an enterprise...
Benzinga  Feb 21  Comment 
In a report published Friday, Nomura analyst Shannon O'Callaghan initiated coverage on Textron (NYSE: TXT) with a Neutral rating and $41.00 price target. In the report, Nomura noted, “We initiate coverage with a Neutral rating and $41 target...




 

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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