TEXTRON INC (TXT)

Textron Inc. is a multi-industry company that uses a global network of aircraft, defense, industrial and finance businesses to provide products and services worldwide. In 2025 it generated total revenues of $14.8 billion and employed approximately 34,000 people, about 80% of them in the U.S. Through 2025 it operated six segments: Textron Aviation, Bell, Textron Systems, Industrial and Textron eAviation (its manufacturing businesses), and Finance, its captive finance business. Effective January 4, 2026, Textron eAviation was eliminated as a separate segment and its activities were realigned into other segments.

Textron Aviation manufactures, sells and services Cessna and Beechcraft aircraft and services the Hawker brand. Its offerings include business jets (Citation line), turboprops (King Air, Caravan, SkyCourier), military trainer and defense aircraft (T-6, AT-6), piston aircraft (Skyhawk, Skylane), and aftermarket parts, maintenance and flight training devices. Bell supplies military and commercial helicopters and tiltrotor aircraft, with major U.S. programs including the MV-75 next-generation tiltrotor, V-22 and H-1, plus commercial models such as the 429, 407GXi, 412EPX and 505, and support for an installed base of about 13,000 helicopters. Textron Systems makes electronic systems, marine craft such as the Ship-to-Shore Connector, Lycoming piston engines, unmanned aircraft systems, weapons, armored vehicles and live military training services through ATAC. The Industrial segment includes Kautex, which makes plastic fuel systems, clear-vision and cleaning systems, and battery enclosures for automakers, and Textron Specialized Vehicles (E-Z-GO, Jacobsen, Ransomes, Cushman and others), which makes golf cars, utility vehicles, ground support equipment and turf-care equipment. Textron eAviation included Pipistrel's electric and combustion light aircraft; Pipistrel moves into Textron Aviation and military-related work moves into Textron Systems. The Finance segment, Textron Financial Corporation, finances purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters, often in cross-border transactions.

Customers include fractional operators, charter and fleet operators, corporations, individuals, training schools, airlines, law enforcement and emergency medical operators, golf courses and resorts, municipalities, commercial and industrial users, and global automotive OEMs. U.S. Government contracts, including foreign military sales, produced about 27% of 2025 revenues, mainly in Bell and Textron Systems. Backlog at year-end 2025 was $18.8 billion: Textron Aviation $7.7 billion, Bell $7.8 billion and Textron Systems $3.3 billion.

Textron Aviation sells through its own sales force and independent representatives, and supports customers through more than 20 company-owned service centers, over 300 authorized independent centers and over 80 mobile service units. Bell runs eight company-operated service centers, four parts distribution centers, about 85 independent service centers and the Bell Training Academy in Fort Worth, Texas. Kautex is headquartered in Bonn, Germany, with over 30 plants in 13 countries. Specialized Vehicles products are sold through independent distributors, dealers and factory-direct channels. Aircraft businesses are regulated by the FAA and international authorities such as EASA, and U.S. Government work is subject to federal contracting rules. About 29% of U.S. employees are represented by unions.