QUOTE AND NEWS
Motley Fool  Aug 20  Comment 
The $300 million contract for trainer aircraft could do some good for Textron's profits, and for Argentina's air force, too.
Forbes  Aug 15  Comment 
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Textron Inc (NYSE: TXT), where a total volume of 18,029 contracts has been traded thus far today, a contract volume which is...
SeekingAlpha  Aug 10  Comment 
SeekingAlpha  Jul 26  Comment 
Flightglobal  Jul 26  Comment 
Textron Aviation on 25 July unveiled the cabin mock-up and the branding for the single-engined turboprop design launched a year ago at the Experimental Aircraft Association s AirVenture fly-in.
Flightglobal  Jul 25  Comment 
Despite an 80-year co-existence in Wichita, Kansas, there was surprisingly little overlap in 2014 when the newly formed Textron Aviation combined the Beechcraft and Cessna product lines. The separate portfolios even shared a curiously common gap....
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...




 
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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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