TEXTRON INC (TXT)

Textron Inc. is a multi-industry company operating through six segments—Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance—that together generated $13.7 billion in total revenues in 2023. Textron Aviation manufactures, sells and services Cessna and Beechcraft aircraft and supports Hawker business jets, offering business jets, turboprop aircraft, military trainer and defense aircraft, and piston engine aircraft, along with aftermarket parts and maintenance services, sold through its own sales force and independent representatives to customers including fractional operators, charter and fleet operators, corporate and individual buyers, training schools, airlines, and military/government operators; it is developing the Citation Ascend and Beechcraft Denali. Bell is a leading global supplier of military and commercial helicopters and tiltrotor aircraft, producing V-22 tiltrotor aircraft and H-1 helicopters for the U.S. Department of Defense and Marine Corps, developing the V-280 Valor for the Army's FLRAA program and the Bell 360 Invictus (though FARA development is being discontinued), and offering commercial helicopters (429, 407GXi, 412EPX, 505 Jet Ranger X) and the in-certification 525 Relentless to corporate, law enforcement, utility, medical and government customers, supported by a global network of service and parts centers.

Textron Systems develops, manufactures and integrates products and services for U.S. and international military, government and commercial customers, including electronic systems, advanced marine craft (such as the Ship-to-Shore Connector), Lycoming piston aircraft engines, the Shadow and Aerosonde unmanned aircraft systems, weapons components, armored/specialty vehicles, and live training services via Airborne Tactical Advantage Company. The Industrial segment includes Kautex, a global leader in plastic fuel systems, clear-vision and cleaning systems, selective catalytic reduction tanks, and emerging composite battery enclosures for automotive OEMs, and the Specialized Vehicles product line (E-Z-GO, Arctic Cat, Cushman, Jacobsen and other brands) making golf cars, utility and powersports vehicles, aviation ground support equipment, and turf-care machinery sold through distributors, dealers, retail partners like Bass Pro Shops/Cabela's, and direct OEM channels to golf courses, municipalities, consumers, and commercial/industrial users. Textron eAviation, anchored by Pipistrel, develops light aircraft and gliders with electric and combustion engines, including the Velis Electro, the first fully type-certified electric aircraft in the EU and UK, alongside broader sustainable aviation research.

The Finance segment, through Textron Financial Corporation, provides financing primarily for purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters, including cross-border transactions. The company's backlog totaled $13.9 billion at year-end 2023, led by Textron Aviation, Bell and Textron Systems, and approximately 21% of consolidated revenues came from U.S. Government contracts, primarily within Bell and Textron Systems, subjecting the company to extensive government contracting, aviation safety, and environmental regulations; Textron employed approximately 35,000 people worldwide, with about 80% in the U.S., as of the end of 2023.