QUOTE AND NEWS
The Hindu Business Line  Feb 20  Comment 
Dynamatic Technologies has handed over its first major aerostructures for the Bell 407GX/GT to Bell Helicopter. Bell Helicopter, Textron India (TIPL) and Dynamatic Technologies have been...
Benzinga  Feb 2  Comment 
Analysts at Bank of America upgraded Textron Inc. (NYSE: TXT) from Neutral to Buy. The price target for Textron has been raised from $44 to $50. Textron shares have surged 24.15% over the past 52 weeks, while the S&P 500 index has gained...
Benzinga  Feb 2  Comment 
Benzinga  Feb 2  Comment 
Below are the aerospace/defense-major diversified stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Northrop Grumman Corporation (NYSE: NOC) is $23.98 billion. Northrop Grumman's ROE for the same period...
Benzinga  Jan 30  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 29, 2015: Report United Technologies Looking at Textron as Potential Acquisition The Rumor: Shares of Textron (NYSE: TXT) rose Thursday, on a...
Benzinga  Jan 29  Comment 
In a report published Thursday, Nomura analyst Jonathan Wright reiterated a Neutral rating on Textron Inc. (NYSE: TXT), and raised the price target from $40.00 to $45.00. In the report, Nomura noted, “TXT reported 4Q14 EPS of $0.76, in line...
Benzinga  Jan 28  Comment 
Shares of Textron Inc. (NYSE: TXT) fell 3.3% in pre-market trading after the company issued a weak forecast for 2015. For FY15, Textron projects earnings of $2.30 to $2.50 per share on revenue of $14.4 billion. Analysts expected earnings of...
Wall Street Journal  Jan 28  Comment 
Textron Inc. gave a muted outlook for 2015 as the company’s Bell helicopter business continues to struggle with tepid demand.
Motley Fool  Jan 24  Comment 
The world's most popular aircraft is still being produced and it's not from either of the aviation giants.
Forbes  Jan 15  Comment 
The respected web-site BreakingDefense.com reported on January 13 that the U.S. Navy has selected the V-22 Osprey tilt-rotor as its future aircraft for delivering time-sensitive cargo and personnel to aircraft carriers at sea, apparently...




 
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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