Flightglobal  Mar 13  Comment 
Textron Aviation has completed the first round of wind tunnel testing for the Cessna 408 SkyCourier turboprop launched last November with an order by FedEx for up to 100.
SeekingAlpha  Feb 28  Comment 
Clusterstock  Feb 28  Comment 
The Trump Administration's 2017 Tax Cuts and Jobs Act updated the US tax code to allow 100% bonus depreciation for items such as aircraft. The new policy allows private jet buyers to deduct 100% of the plane's cost immediately. This is a...
Flightglobal  Feb 27  Comment 
Textron Aviation is in the final stage of the certification effort for its Cessna Citation Longitude, and expects to secure US approval and begin customer deliveries of the super-midsize business jet before the end of the second quarter. European...
Forbes  Feb 7  Comment 
Textron Aviation has broken the mold on military innovation by using its own money to develop an armed recon plane unlike any other in the world.
Flightglobal  Feb 6  Comment 
Faltering demand across the business aircraft sector in the first half of 2017 contributed to a $235 million fall in annual revenues for Textron Aviation, to $4.92 billion.
Flightglobal  Feb 6  Comment 
Textron Aviation has taken time out from a globe-circling demonstration tour with its new Cessna Citation Longitude to make a Singapore air show debut with the super-midsize business jet.
Benzinga  Feb 1  Comment 
Textron Inc. (NYSE: TXT)'s earnings report Wednesday consisted of a profit miss and weak 2018 guidance, but one Wall Street analyst now sees reason to be "less bearish" on the stock. The Analyst Morgan Stanley's Rajeev Lalwani upgraded...
Motley Fool  Jan 31  Comment 
The industrial conglomerate just turned in a deceivingly strong fourth quarter. Here's what investors need to know.


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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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]


  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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